Remy Corporation sold 5,000 units of its product at a price of $27 per unit. Total variable cost per unit is $18.50, consisting of $17.80 in variable cost of goods sold and $0.70 in variable selling and administrative cost. Compute the contribution margin for the company. Multiple Choice $42,500 $92,500 $135,000 $89,000 $96,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Remy Corporation sold 5,000 units of its product at a price of $27 per unit. Total variable cost per unit is $18.50, consisting of $17.80 in variable cost of
goods sold and $0.70 in variable selling and administrative cost. Compute the contribution margin for the company.
Multiple Choice
O
O
O
$42,500
$92,500
$135,000
$89,000
$96,000
Transcribed Image Text:Remy Corporation sold 5,000 units of its product at a price of $27 per unit. Total variable cost per unit is $18.50, consisting of $17.80 in variable cost of goods sold and $0.70 in variable selling and administrative cost. Compute the contribution margin for the company. Multiple Choice O O O $42,500 $92,500 $135,000 $89,000 $96,000
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