Tine Tolowing applies to tne questions aisplayea peiow Oslo Company prepared the

Question

Tine Tolowing applies to tne questions aisplayea peiow Oslo Company prepared the following contribution format income statement based on a sales 1,000 units (the relevant range of production is 500 units to 1,500 units) Sales Variable expenses $ 21,500 12,500 Contribution margin Fixed expenses 9,000 7,200 Net operating income $ 1,800 References Foundational 1L05-1, L05-3, 105-4, LO LO5-7, LO5-8] Section Break value: 1.00 points Foundational 5-1 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit 0 Type here to search

Explanation / Answer

No of units sold = 1000 units
Contribution margin per unit = Contribution / No of Units Sold = $9000 / 1000 = $9 (Ans)

Particulars Amount Sales $                    21,500.00 Less: Variable Costs $                    12,500.00 CONTRIBUTION $                       9,000.00

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