eyPLUS Kimmel, Accounting, to Assignment Gradebook ORION Downloadable Textbook R
ID: 2599520 • Letter: E
Question
eyPLUS Kimmel, Accounting, to Assignment Gradebook ORION Downloadable Textbook Read, Study & Practice n? Open Assignment TIMER Start Time: 05:16 PM / Remaining: 78 min. ENT RESOURCES o!Exam#3 on 1 on 2 Question 1 A division sold 150000 calculators during 2017: Sales Varlable costs: $1500000 on 4 Materials Order processing Billing labor Selling expenses Total variable costs $285000 112500 82500 45000 525000 on 10 ion 11 12 Fixed costs i2n How much is the unit contribution margin? 14 ion 15 tion 16 ion O $1 O $3.5 O $10.2 O $6.5 Click if you would like to Show Work for this question: tion 18 tion 19 tion 20 Open Show Work tion 26 tion22 stion 28 I e 2000-2017 John Wiley &Sons;, Inc, Al Rights Reserved. A Division of lohn Wiley & Sons. IncExplanation / Answer
Total contribution
= Sales – Variable costs
= $1,500,000 - $525,000
= $ 975,000
So, unit contribution margin
= Total contribution / Number of units
= $975,000 / 150,000
= $6.5 per unit
So, option D is the correct option
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.