1. A business sells a product with variable costs per unit of $$60.$ Fixed costs are $$10,000$ per period. The elling price per unit is $$150.$ Assuming $500$ units are sold in a period, what is the total contribution nargin for the period?

A$)$ $$30,000.$

B$)$ $$70,000.$

C$)$ $$100,000.$

D$)$ $$45,000$

$$

$\mathrm{2. }$

When removing a deferred tax liability from a financial statement how would the relevant columns in an accounting worksheet change?

A$.$ 

An increase in assets and a decrease in liabilities.

B$.$ 

An increase in equity and a decrease in liabilities.

C$.$ 

A decrease in equity and an increase liabilities.

D$.$ 

A decrease in assets and a decrease in liabilities.

$\mathrm{}$

Answer rating: 100% (QA)

1 The total contribution margin for the period can be calculated as follows Contribution Margin Sell... View the full answer