Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. contribution margin select one: a. equals sales

Contribution margin Select one: a. equals sales revenue minus variable costs. ...

50.1K

Verified Solution

Question

Accounting

Contribution margin

Select one:
a. equals sales revenue minus variable costs.
b. excludes variable selling costs from its calculation.
c. is calculated by subtracting total manufacturing costs per unit from sales revenue per unit.
d. is always the same as gross profit margin

Shine Jewelry sells 400 units resulting in $7,000 of sales revenue, $3,000 of variable costs, and $1,500 of fixed costs. Total Contribution margin equal:

Select one:
a. $8.00
b. $4,000
c. $3,000
d. $4.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Lot Price Data Lot Price is lot price in $1000s Lot Size is lot size in 1000s...

Physics
1.2K views

In a potentiometer experiment the balancing length for a cell of emf 2 V and...

Physics
1.2K views

A rod of mass m is kept in equilibrium as shown in 2 figure The...

Algebra
1.2K views

Car insurance companies want to keep track of the average cost per claim The current...

Accounting
1.2K views

Due to erratic sales of its sole producta high-capacity battery for laptop computersPEM, Inc., has...

Accounting
1.2K views

TB MC Qu. 24-106 The following present value factors are provided... 20 The following present...

Accounting
1.2K views

Chart of Accounts for Techno Engineering Supplies Company Assets: 101 Cash 105 Accounts Receivable 110...

Accounting
1.2K views

Distinguish between the direct and indirect methods of cash flow statement presentation and describe the...

Accounting
1.2K views

Why is documenting an accounting information system (AIS) important to accountants? If someone hired you...

Finance
1.2K views

The Tempo Golf and Country Club in London, Ontario, is evaluating two different irrigation system...

Finance
1.2K views

You will create a portfolio that invests 60% of your money in Hamburger Hut and...

Accounting
1.2K views

Indentifying asset source, use, and exchange transactions A. Name an asset use transaction that will...