What is the company's contribution margin per unit? (Round to the nearest cent.)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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QUESTION 7
Vicious Cycle, Inc., produces and sells 2,000 bikes.
$5,000
$800
Selling price per unit
Variable cost per unit
Annual fixed cost
$500,000
What is the company's contribution margin per unit? (Round to the nearest cent.)
Transcribed Image Text:QUESTION 7 Vicious Cycle, Inc., produces and sells 2,000 bikes. $5,000 $800 Selling price per unit Variable cost per unit Annual fixed cost $500,000 What is the company's contribution margin per unit? (Round to the nearest cent.)
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