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If a company has a selling price of $15 per unit, variable cost of $9 per unit,
If a company has a selling price of $15 per unit, variable cost of $9 per unit, and fixed costs of $30,000, what is the contribution margin per unit?
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Q1
If a company has a selling price of $15 per unit, variable cost of $9 per unit, and fixed costs of $30,000, what is the contribution margin per unit?
$6
$9
$15
$30
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Contribution margin = Selling price - Variable cost = $15 - $9 = $6
Questions & Step-by-step Solutions
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Q
Q: If a company has a selling price of $15 per unit, variable cost of $9 per unit, and fixed costs of $30,000, what is the contribution margin per unit?
Solution:
Contribution margin = Selling price - Variable cost = $15 - $9 = $6
Steps: 5
Show Steps
Step 1: Identify the selling price per unit, which is $15.
Step 2: Identify the variable cost per unit, which is $9.
Step 3: Use the formula for contribution margin, which is: Contribution margin = Selling price - Variable cost.
Step 4: Substitute the values into the formula: Contribution margin = $15 - $9.
Step 5: Calculate the result: $15 - $9 = $6.
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