The following data are for Trendy Fashion Apparel: NorthSouthSales volume (units): Blouses5,5344,195 Skirts3,3417,854Sales price per unit: Blouses$22$16 Skirts$16$19Variable cost per unit Blouses$9$9 Skirts$11$11Determine the contribution margin for the following:a. Skirts$fill in the blank 1b. The South Region$fill in the blank 2

Contribution margin=Total sales-Variable costs

Answered: The following data are for Trendy…

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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The following data are for Trendy Fashion Apparel:

	North	South
Sales volume (units):
Blouses	5,534	4,195
Skirts	3,341	7,854
Sales price per unit:
Blouses	$22	$16
Skirts	$16	$19
Variable cost per unit
Blouses	$9	$9
Skirts	$11	$11

Determine the contribution margin for the following:

a. Skirts	$fill in the blank 1
b. The South Region	$fill in the blank 2

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