Lorri’s income statement is as follows: Sales $60,000 Less variable costs (19,200) Contribution margin $40,800 Less fixed...
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Accounting
Lorri’s income statement is as follows: Sales $60,000 Less variable costs (19,200) Contribution margin $40,800 Less fixed costs (9,600) Net income $31,200 5,000 units sold
What is the unit contribution margin?
Lorri’s income statement is as follows:
Sales $60,000
Less variable costs (19,200)
Contribution margin $40,800
Less fixed costs (9,600)
Net income $31,200
5,000 units sold
What is the unit contribution margin?
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