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ElenaW [278]
3 years ago
5

Escareno Corporation has provided its contribution format income statement for June. The company produces and sells a single pro

duct. If the company sells 8,200 units, its total contribution margin should be closest to: Select one: a. $301,000 b. $311,600 c. $319,200 d. $66,674
Business
1 answer:
Dmitrij [34]3 years ago
7 0

Answer:

b. $311,600

Explanation:

For the computation of total contribution margin first we need to find out the contribution margin per unit which is shown below:-

Contribution Margin per Unit = Contribution Margin ÷ Units Sold

= 319,200 ÷ 8,400

= $38

Total Contribution Margin = Contribution Margin per Unit × Units Sold

= $38 × 8,200

= $311,600

Therefore for computing the total contribution margin we simply applied the above formula.

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Answer:

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Explanation:

The computation of portfolio's beta is shown below:-

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