Olivia sells bookshelves and small tables. It takes 1.25 hours to build a bookshelf and .9 hours to build a small table. The bookshelves have a unit contribution margin of $500 and the small tables have a unit contribution margin of $350. Olivia has been running low on time to build more products. What is her contribution margin per unit of time for the bookshelves? A : $625 B : $400 C : $555 D : $395
Olivia sells bookshelves and small tables. It takes 1.25 hours to build a bookshelf and .9 hours to build a small table. The bookshelves have a unit contribution margin of $500 and the small tables have a unit contribution margin of $350. Olivia has been running low on time to build more products. What is her contribution margin per unit of time for the bookshelves? A : $625 B : $400 C : $555 D : $395
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Olivia sells bookshelves and small tables. It takes 1.25 hours to build a bookshelf and .9 hours to build a small table. The bookshelves have a unit contribution margin of $500 and the small tables have a unit contribution margin of $350. Olivia has been running low on time to build more products. What is her contribution margin per unit of time for the bookshelves?
A :
$625
B :
$400
C :
$555
D :
$395
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