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Viva sells its waterproof phone case for $85 per unit. Fixed costs total $117,300, and variable costs are $34 per unit. (1) Determine the contribution margin per unit.

Viva sells its waterproof phone case for $85 per unit. Fixed costs total $117,300, and variable costs are $34 per unit. (1) Determine the contribution margin per unit.

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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Viva sells its waterproof phone case for $85 per unit. Fixed costs total $117,300, and variable costs are $34 per unit. (1) Determine the contribution margin per unit. Contribution margin (2) Determine the break-even point in units. Numerator: 1 1 per unit per unit per unit Denominator: Break Even Units Break even units
Transcribed Image Text:Viva sells its waterproof phone case for $85 per unit. Fixed costs total $117,300, and variable costs are $34 per unit. (1) Determine the contribution margin per unit. Contribution margin (2) Determine the break-even point in units. Numerator: 1 1 per unit per unit per unit Denominator: Break Even Units Break even units
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