The following information for the past year for the Blaine Corporation has been provided: During the year, the company produced and sold 30,000 units of product at a selling price of $15.00 per unit. There was no beginning inventory of product at the beginning of the year.
What is the contribution margin for the year?

Question

The following information for the past year for the Blaine Corporation has been provided:  During the year, the company produced and sold 30,000 units of product at a selling price of $15.00 per unit. There was no beginning inventory of product at the beginning of the year.
What is the contribution margin for the year?

Quizplus · Accepted Answer

Contribution margin = (Selling price per unit - Variable cost per unit) x Number of units sold
Variable cost per unit is not given in the information provided. Therefore, contribution margin cannot be calculated. None of the choices provided are correct.

The Following Information for the Past Year for the Blaine