Question: The following financial data have been deter-mined from analyzing the records of Joes Ceramics (a one- product firm): Contribution margin per unit ..... $ 25

The following financial data have been deter-mined from analyzing the records of Joe’s Ceramics (a one- product firm):
Contribution margin per unit ..... $ 25
Variable cost per unit ........ $ 21
Annual fixed cost .......... $ 90,000
How does each of the following measures change when product volume goes up by one unit at Joe’s Ceramics?
a. Total revenue
b. Total cost
c. Income before tax

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