Question: Stellar Brands Inc. sold 4,500 units in December at a sales price of $55 per unit. The variable cost per unit is $30. Calculate the total contribution margin, as well as the contribution margin per unit and in percentage.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4PB: West Island distributes a single product. The companys sales and expenses for the month of June are...
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Question:
Stellar Brands Inc. sold 4,500 units in December at a sales
price of $55 per unit. The variable cost per unit is $30.
Calculate the total contribution margin, as well as the
contribution margin per unit and in percentage.
Transcribed Image Text:Question: Stellar Brands Inc. sold 4,500 units in December at a sales price of $55 per unit. The variable cost per unit is $30. Calculate the total contribution margin, as well as the contribution margin per unit and in percentage.
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