Question: Understanding Cost Behaviour and Contribution Margin [ LO 1 - CC 1 , 3 ; LO 3 - CC 1 2 ] Murugan Ltd .

Understanding Cost Behaviour and Contribution Margin [LO1- CC1,3; LO3- CC12]
Murugan Ltd. had the following results for the year:
Sales $45,000
Less: Operating expenses 39.000
Net operating income $6.000
The average selling price for the units sold was $15 per unit and average variable cost $9 per unit.
Required:
Prepare a contribution margin income statement.
 Understanding Cost Behaviour and Contribution Margin [LO1- CC1,3; LO3- CC12] Murugan

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