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If a product sells for $100 and has variable costs of $60, what is the contribut
If a product sells for $100 and has variable costs of $60, what is the contribution margin?
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Q1
If a product sells for $100 and has variable costs of $60, what is the contribution margin?
$40
$60
$100
$20
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Contribution margin = Sales ($100) - Variable Costs ($60) = $40.
Questions & Step-by-step Solutions
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Q: If a product sells for $100 and has variable costs of $60, what is the contribution margin?
Solution:
Contribution margin = Sales ($100) - Variable Costs ($60) = $40.
Steps: 6
Show Steps
Step 1: Identify the selling price of the product. In this case, it is $100.
Step 2: Identify the variable costs associated with the product. Here, the variable costs are $60.
Step 3: Use the formula for contribution margin, which is: Contribution Margin = Sales - Variable Costs.
Step 4: Substitute the values into the formula: Contribution Margin = $100 - $60.
Step 5: Calculate the result: $100 - $60 = $40.
Step 6: The contribution margin is $40.
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