Lorris income statement is as follows: Sales $60,000 Less variable costs (19,200) Contribution margin $40,800 Less fixed

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Lorri’s income statement is as follows:

Sales $60,000

Less variable costs (19,200)

Contribution margin $40,800

Less fixed costs (9,600)

Net income $31,200

5,000 units sold

What is the unit contribution margin?

Related Book For answer-question

Introduction to Managerial Accounting

ISBN: 978-0078025792

7th edition

Authors: Peter Brewer, Ray Garrison, Eric Noreen

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Posted Date: Jun 22, 2023 06:16 AM

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Lorris income statement is as follows: Sales $60,000 Less variable costs (19,200) Contribution margin $40,800 Less fixed

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The unit contribution margin can be calculated by dividing the contribution mar... View the full answer

Introduction to Managerial Accounting

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