1 answer

A company's product sells at $12.16 per unit and has a $5.24 per unit variable cost....

Question:

A company's product sells at $12.16 per unit and has a $5.24 per unit variable cost. The company's total fixed costs are $97,200.The contribution margin per unit is:

Multiple Choice

a. $5.24.

b. $12.16.

c. $8.09.

d. $6.92.

e. $17.40.


Answers

Selling price per unit = $12.16

Variable cost per unit = $5.24

Total fixed cost = $97,200

Contribution margin per unit = Selling price per unit - Variable cost per unit

= 12.16 - 5.24

= $6.92

Correct option is (d)

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