Cost behavior, Assuming that cost behavior did not change

Cost behavior

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Reference no: EM13922152

The following income statements are provided for Li Company's last two years of operation:

	2011	2012
Number of units produced and sold	4,100	3,700
Sales revenue	69,700	62,900
Cost of goods sold	(55,760)	(49,960)

Gross margin	13,940	12,940
General, selling and administrative expenses	(12,620)	(11,740)

Net income	$1,320	$1,200

Assuming that cost behavior did not change over the two year period, what is Li Company's contribution margin in 2012?

$610

$1,110

$4,710

$47,560

Reference no: EM13922152

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Cost behavior

Reference no: EM13922152

Reference no: EM13922152

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