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he following information for the past year for the Magic Corporation has been provided: Fixed costs: Manufacturing Marketing Administrative Jariable costs: Manufacturing Marketing $150.000 24,000 18,000 $118,000 24,000 Administrative 36,000 During the year, the company produced and sold 70,000 units of product at a selling price of $19.34 per unit. There was no beginning inventory of product at the beginning of the year. Vhat is the contribution margin per unit for the company? (Round any intermediary calculations and your final answer to the nearest cent.) DA. $16.8 ОВ. $2.54 ОС. 55.29 O D. $16.6

he following information for the past year for the Magic Corporation has been provided: Fixed costs: Manufacturing Marketing Administrative Jariable costs: Manufacturing Marketing $150.000 24,000 18,000 $118,000 24,000 Administrative 36,000 During the year, the company produced and sold 70,000 units of product at a selling price of $19.34 per unit. There was no beginning inventory of product at the beginning of the year. Vhat is the contribution margin per unit for the company? (Round any intermediary calculations and your final answer to the nearest cent.) DA. $16.8 ОВ. $2.54 ОС. 55.29 O D. $16.6

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 17MCQ: Use the following information for Multiple-Choice Questions 2-13 through 2-18: Last year, Barnard...
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The following information for the past year for the Magic Corporation has been provided: Fixed costs: Manufacturing Marketing $150,000 24,000 Administrative 18,000 Variable costs: Manufacturing Marketing Administrative $118,000 24,000 36,000 During the year, the company produced and sold 70,000 units of product at a selling price of $19.34 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin per unit for the company? (Round any intermediary calculations and your final answer to the nearest cent.) O A. $16.8 O B. $2.54 O C. $5.29 O D. $16.6
Transcribed Image Text:The following information for the past year for the Magic Corporation has been provided: Fixed costs: Manufacturing Marketing $150,000 24,000 Administrative 18,000 Variable costs: Manufacturing Marketing Administrative $118,000 24,000 36,000 During the year, the company produced and sold 70,000 units of product at a selling price of $19.34 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin per unit for the company? (Round any intermediary calculations and your final answer to the nearest cent.) O A. $16.8 O B. $2.54 O C. $5.29 O D. $16.6
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