Schimmel Company provides the following information about its single product. $$\begin{array} { | l | r | }
\hline \text { Targeted aperating income } & \$ 35,000 \
\hline \text { Selling price per unit } & \$ 7.85 \
\hline \text { Variable cost per unit } & \$ 6.10 \
\hline \text { Total fixed cost } & \$ 96,250 \
\hline
\end{array}$$ What is the contribution margin per unit?

Question

Schimmel Company provides the following information about its single product. $$\begin{array} { | l | r | } 
\hline \text { Targeted aperating income } & \$ 35,000 \
\hline \text { Selling price per unit } & \$ 7.85 \
\hline \text { Variable cost per unit } & \$ 6.10 \
\hline \text { Total fixed cost } & \$ 96,250 \
\hline
\end{array}$$ What is the contribution margin per unit?

Quizplus · Accepted Answer

The Answer of  Schimmel Company provides the following information about its single product. $$\begin{array} { | l | r | } 
\hline \text { Targeted aperating income } & \$ 35,000 \
\hline \text { Selling price per unit } & \$ 7.85 \
\hline \text { Variable cost per unit } & \$ 6.10 \
\hline \text { Total fixed cost } & \$ 96,250 \
\hline
\end{array}$$ What is the contribution margin per unit?

Schimmel Company Provides the Following Information About Its Single Product