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The following selected data relates to Ivory Corporation: Total fixed costs $25,000 Selling price per unit $22 Variable costs per unit $15 Assuming 8,500 units are sold, what is the contribution margin? A) $314,500 B) $84,500 C) $59,500 D) $34,500
The following selected data relates to Ivory Corporation:
|
Total fixed costs |
$25,000 |
|
Selling price per unit |
$22 |
|
Variable costs per unit |
$15 |
Assuming 8,500 units are sold, what is the contribution margin?
A) $314,500
B) $84,500
C) $59,500
D) $34,500
Expert Solution
Answer: C
Explanation: C)
Sales $22
Less Variable costs 15
= Contribution Margin 7 × 8,500 = $59,500
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