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Management Accounting - Contribution Margin

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2-29 Basic Review Exercises
Fill in the blanks for each of the following independent cases:
Case Selling Price per Unit Variable Cost per Unit Total Units Sold Total Contribution Margin Total Fixed Costs Net Income
1 $25.00 $120,000.00 $720,000.00 $640,000.00
2 $10.00 $6.00 $100,000.00 $320,000.00
3 $20.00 $15.00 $100,000.00 $15,000.00
4 $30.00 $20.00 $70,000.00 $12,000.00
5 $9.00 $80,000.00 $160,000.00 $110,000.00.

See the attached file.

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The solution calculates selling price per unit, variable cost per unit, total units sold, total contribution margin, total fixed costs, net income.

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