Mateo sells bubble tea for $8 per cup. The variable cost for each cup he sells is $2. He also has fixed costs of $1,500. If Mateo sells 1,000 cups of bubble tea, what is his total Contribution Margin? __________ And what is his total Net Operating Income? __________ $8,000 Contribution Margin; $6,000 Net Operating Income $4,500 Contribution Margin; $2,000 Net Operating Income $6,000 Contribution Margin; $4,500 Net Operating Income $2,000 Contribution Margin; $1,500 Net Operating Income

Answer rating: 100% (QA)

To find the total contribution margin you first need to calculate the contribution m... View the full answer