ABC Ltd. sold 1,000 units of its product in the current year at a selling price of $50 per unit. The company incurred fixed costs of $10,000 and variable costs of $30 per unit. Calculate the following:

a) The contribution margin per unit
b) The total contribution margin for the year
c) The breakeven point in units and dollars
d) The net income for the year

Answer rating: 100% (QA)

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