Reliance Corporation sold 5,200 units of its product at a price of $26 per unit. Total...
Reliance Corporation sold 5,200 units of its product at a price of $26 per unit. Total variable cost per unit is $18.00, consisting of $17.20 in variable production cost and $0.80 in variable selling and administrative cost. Compute the contribution margin for the company.
Multiple Choice
-
$41,600
-
$93,600
-
$135,200
-
$89,440
-
$97,760
Homework Answers
Answer
- Contribution margin per unit = Sale price per unit – Variable
cost per unit
= $ 26 - $ 18
= $ 8 per unit - Total Contribution margin = 5200 units sold x $ 8
= $ 41,600 - Correct Answer = Option #1: $ 41,600
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Reliance Corporation
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