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Compute the contribution margin for the company

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Question 1: Reliance Corporation sold 5,000 units of its product at a price of $25 per unit. Total variable cost per unit is $13.50, consisting of $12.90 in variable production cost and $0.60 in variable selling and administrative cost. Compute the contribution margin for the company.

Multiple Choice

Option 1: $57,500

Option 2: $67,500

Option 3: $125,000

Option 4: $64,500

Option 5: $70,500

Reference no: EM132563656

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