Solution-Compute the contribution margin per unit

Compute the contribution margin per unit

Reference no: EM13535435

K Christel, Inc. sold 20,000 units and recorded sales of $800,000 for the first quarter of 2011. In making the sales, the company incurred the following costs and expenses.

	Variable	Fixed
Cost of goods sold	$250,000	$110,000
Selling expenses	100,000	25,000
Administrative expenses	82,000	73,000

(a) Prepare a CVP income statement for the quarter ended March 31, 2011.

(b) Compute the contribution margin per unit.

Reference no: EM13535435

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Compute the contribution margin per unit

Reference no: EM13535435

Reference no: EM13535435

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