Managerial Accounting (15th Edition)

Published by McGraw-Hill Education
ISBN 10: 007802563X
ISBN 13: 978-0-07802-563-1

Chapter 2 - Managerial Accounting and Cost Concepts - The Foundational 15 - Required - Page 53: 13

Answer

9.50

Work Step by Step

Contribution Margin= Price – Variable costs = 22 – (11 + 1.50) = 9.50
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