I need answer Sales are $1,000,000 for a product with avariable cost per unit of $6 and a sales price of$20. If fixed costs are $250,000, what is thecontribution margin?

Explanation of Sales: Sales represent the total revenue generated by selling products or services.…

Answered: Sales are $1,000,000 for a product with…

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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Similar questions

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If fixed costs are $1,226,000, the unit selling price is $220, and the unit variable costs are $100, what is the break-even sales (units) if fixed costs are increased by $30,100?
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Sales are $1,000,000 for a product with a variable cost per unit of $6 and a sales price of $20. If fixed costs are $250,000, what is the contribution margin?