Multiple Choice
Reliance Corporation sold 4,000 units of its product at a price of $15 per unit.Total variable cost per unit is $8.50,consisting of $7.75 in variable production cost and $0.75 in variable selling and administrative cost.Compute the contribution margin for the company.
A) $26,000
B) $34,000
C) $60,000
D) $31,000
E) $36,900
Correct Answer:
Verified
Correct Answer:
Verified
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