Multiple Choice
Answer the following questions using the information below:
Sherry's Custom Jewelry sells a single product. 700 units were sold resulting in $7,000 of sales revenue, $2,800 of variable costs, and $1,200 of fixed costs.
-Contribution margin per unit is:
A) $4.00
B) $4.29
C) $6.00
D) None of these answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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