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If a company sells 1,000 units at a selling price of $50 each and has variable c
If a company sells 1,000 units at a selling price of $50 each and has variable costs of $30 per unit, what is the total contribution?
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Q1
If a company sells 1,000 units at a selling price of $50 each and has variable costs of $30 per unit, what is the total contribution?
$20,000
$30,000
$50,000
$10,000
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Total contribution = (Selling Price - Variable Cost) * Number of Units = ($50 - $30) * 1,000 = $20,000.
Questions & Step-by-step Solutions
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Q
Q: If a company sells 1,000 units at a selling price of $50 each and has variable costs of $30 per unit, what is the total contribution?
Solution:
Total contribution = (Selling Price - Variable Cost) * Number of Units = ($50 - $30) * 1,000 = $20,000.
Steps: 5
Show Steps
Step 1: Identify the selling price per unit, which is $50.
Step 2: Identify the variable cost per unit, which is $30.
Step 3: Calculate the contribution per unit by subtracting the variable cost from the selling price: $50 - $30 = $20.
Step 4: Identify the total number of units sold, which is 1,000.
Step 5: Calculate the total contribution by multiplying the contribution per unit by the number of units sold: $20 * 1,000 = $20,000.
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