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The following data have been provided by a retailer that sells a single product: This Year Last Year Units Sold 200,000 150,000 Sales Revenue...
$ 15,000
75. What is the best estimate of the company's variable operating expenses per unit?
A) $0.24 per unit. B) $0.71 per unit. C) $0.90 per unit. D) $4.17 per unit.
Ans: A Difficulty: Medium
76. What is the best estimate of the company's total fixed operating expenses per year?
A) $ 0. B) $ 44,000. C) $ 80,000. D) $174,000.
Ans: D Difficulty: Medium
77. What is the best estimate of the company's contribution margin for this year?
A) $252,000. B) $300,000. C) $158,000. D) $120,000.
Ans: C Difficulty: Hard
****** I can calculate the variable for operating expenses, and the fixed expenses. I struggle with 77.
1,000,000-(700000+48000)=$252,000---- But that is not the right answer. Please walk me through the steps