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The local ice cream shop sells single-scoop cones for $2.30 each. Its variable costs include the ice cream itself ($0.20 per scoop) and the cone ($0.05 per cone). The store manager plus one full-time and two part-time employees cost the business $3.550 per month in labor costs. Additional costs for rent and insurance come to $550 per month What is the contribution margin per unit of a single-scoop cone? (Round answer to 2 decimal places, eg 15.25) Contribution margin eTextbook and Media Save for Later Aunit Attempts: 0 of 3 used Submit Answer

The local ice cream shop sells single-scoop cones for $2.30 each. Its variable costs include the ice cream itself ($0.20 per scoop) and the cone ($0.05 per cone). The store manager plus one full-time and two part-time employees cost the business $3.550 per month in labor costs. Additional costs for rent and insurance come to $550 per month What is the contribution margin per unit of a single-scoop cone? (Round answer to 2 decimal places, eg 15.25) Contribution margin eTextbook and Media Save for Later Aunit Attempts: 0 of 3 used Submit Answer

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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The local ice cream shop sells single-scoop cones for $2.30 each. Its variable costs include the ice cream itself ($0.20 per scoop) and the cone ($0.05 per cone). The store manager plus one full-time and two part-time employees cost the business $3,550 per month in labor costs. Additional costs for rent and insurance come to $550 per month. What is the contribution margin per unit of a single-scoop cone? (Round answer to 2 decimal places, e.g. 15.25.) Contribution margin $ eTextbook and Media Save for Later /unit Attempts: 0 of 3 used Submit Answer
Transcribed Image Text:The local ice cream shop sells single-scoop cones for $2.30 each. Its variable costs include the ice cream itself ($0.20 per scoop) and the cone ($0.05 per cone). The store manager plus one full-time and two part-time employees cost the business $3,550 per month in labor costs. Additional costs for rent and insurance come to $550 per month. What is the contribution margin per unit of a single-scoop cone? (Round answer to 2 decimal places, e.g. 15.25.) Contribution margin $ eTextbook and Media Save for Later /unit Attempts: 0 of 3 used Submit Answer
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