The following information for the past year for the Blaine Corporation has been provided:
During the year, the company produced and sold 40,000 units of product at a selling price of $10.42 per unit. There was no beginning inventory of product at the beginning of the year.
What is the contribution margin per unit for Blaine Corporation? (Round any intermediary calculations and your final answer to the nearest cent.)
A) $6.07
B) $6.62
C) $4.35
D) $8.15
Correct Answer:
Verified
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