Margaret, when she turned 25, made an investment of $15,290 at an interest rate of 6.1% compounded semi-annually (twice per year
1 answer:
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Answer:
Contribution margin per unit = $40
Explanation:
Provided information we have,
Selling price of unit = $100
Variable cost per unit = $60
Total monthly fixed cost = $30,000
Number of units sold = 1,000
Contribution margin per unit = ?
Therefore, we know contribution margin per unit = Selling price per unit - Variable cost per unit = $100 - $60 = $40
Therefore, contribution for total units sold = $40 1,000 = $40,000
Final Answer
Contribution margin per unit = $40