Question: Understanding Cost Behaviour and Contribution Margin [LO1-CC1, 3; LO3 - CC12] Murugan Ltd. had the following results for the year. Sales Less: Operating expenses

Understanding Cost Behaviour and Contribution Margin [LO1-CC1, 3; LO3 - CC12] Murugan

Understanding Cost Behaviour and Contribution Margin [LO1-CC1, 3; LO3 - CC12] Murugan Ltd. had the following results for the year. Sales Less: Operating expenses Net operating income 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. $45,000 39,000 $6.000

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