1 answer

Required information The Foundational 15 (LO6-1, L06-3, L06-4, L06-5, L06-6, LO6-7, LO6-8) [The following information applies...

Question:

Required information The Foundational 15 (LO6-1, L06-3, L06-4, L06-5, L06-6, LO6-7, LO6-8) [The following information applies
Required information The Foundational 15 (LO6-1, L06-3, L06-4, L06-5, L06-6, LO6-7, LO6-8) [The following information applies to the questions displayed below. Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units) Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 90,000 49,500 40,500 33,210 $ 7,290 Foundational 6-1 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit

Answers

1. Contribution margin per unit = Contribution margin / Units

Contribution margin per unit = $40,500 / 1,000 units

Contribution margin per unit = $40.50

.

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