Figure 8-7
the Income Statement for Thomas Manufacturing Company for 2011

Figure 8-7
The income statement for Thomas Manufacturing Company for 2011 is as follows: $\begin{array}{lr}\text { Sales }(10,000 \text { units) } & £ 120,000 \\\text { Variable expenses } & 72,000 \\\text { Contribution margin } & £ 48,000 \\\text { Fixed expenses } &{36,000}\\\text { Operating income } & £ 12,000\end{array}$
-Refer to Figure 8-7. What is the contribution margin per unit?

A) £7.20
B) £1.20
C) £4.80
D) £120,000

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free