Question: If average variable cost per unit is $6.20 and average variable rate is .33, what is the contribution margin? (Round all intermediate calculations to hundredth
If average variable cost per unit is $6.20 and average variable rate is .33, what is the contribution margin? (Round all intermediate calculations to hundredth of a decimal (.00) unless they naturally round up to tenth of a decimal or a whole number.)
Select one: a. $12.59 b. $3.05 c. $18.79 d. $2.05
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
