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Pedregon Corporation has provided the following information: Cost per Period Cost per Unit $ 6.55 $ 3.50 $ 1.35 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ 21,000 $ 0.55 $ 0.60 Sales commissions Variable administrative expense Fixed selling and administrative expense $ 6,300 If the selling price is $20.50 per unit, the contribution margin per unit sold is closest to:

Pedregon Corporation has provided the following information: Cost per Period Cost per Unit $ 6.55 $ 3.50 $ 1.35 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ 21,000 $ 0.55 $ 0.60 Sales commissions Variable administrative expense Fixed selling and administrative expense $ 6,300 If the selling price is $20.50 per unit, the contribution margin per unit sold is closest to:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Pedregon Corporation has provided the following information: Cost per Cost per Unit $ 6.55 $ 3.50 $ 1.35 Period Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ 21,000 $ 0.55 $ 0.60 Sales commissions Variable administrative expense Fixed selling and administrative expense $ 6,300 If the selling price is $20.50 per unit, the contribution margin per unit sold is closest to: Multiple Choice
Transcribed Image Text:Pedregon Corporation has provided the following information: Cost per Cost per Unit $ 6.55 $ 3.50 $ 1.35 Period Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ 21,000 $ 0.55 $ 0.60 Sales commissions Variable administrative expense Fixed selling and administrative expense $ 6,300 If the selling price is $20.50 per unit, the contribution margin per unit sold is closest to: Multiple Choice
$7.95 $10.45 $5.70 $3.85
Transcribed Image Text:$7.95 $10.45 $5.70 $3.85
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