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Solution Library
Calculate Contribution Margin Per Unit
Question
Kilihea Corporation produces a single product. The company's absorption costing income statement for July follows:
|
Kilihea Corporation |
|
|
Sales (14,500 units) |
$710,500 |
|
Cost of goods sold |
443,700 |
|
Gross margin |
266,800 |
|
Selling and administrative expenses: |
|
|
Fixed |
130,500 |
|
Variable |
72,500 |
|
Total selling and administrative expense |
203,000 |
|
Net operating income |
$ 63,800 |
The company's variable production costs are $22.60 per unit and its fixed manufacturing overhead totals $122,600 per month. The contribution margin per unit during July was
a. $27.60
b. $4.40
c. $21.40
d. $19.60
Summary
The question belongs to Accounting and it discusses about calculation of contribution margin per unit.
Total Word Count 17
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