Royal Company provides the following information about its single product. Targeted operating income    $55,260 Selling price per unit    $6.20 Variable cost per unit    $4.40 Total fixed cost    $83,880 What is the contribution margin per unit? ⦁    $0.29 ⦁    $10.60 ⦁    $1.80 ⦁    $4.40

Principles of Accounting Volume 2
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ISBN:9781947172609
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Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 5MC: A company sells its products for $80 per unit and has per-unit variable costs of $30. What is the...
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10. Royal Company provides the following information about its single product.

Targeted operating income    $55,260
Selling price per unit    $6.20
Variable cost per unit    $4.40
Total fixed cost    $83,880

What is the contribution margin per unit?
⦁    $0.29
⦁    $10.60
⦁    $1.80
⦁    $4.40

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