Answer
9.50
Work Step by Step
Contribution Margin= Price – Variable costs = 22 – (11 + 1.50) = 9.50
Managerial Accounting (15th Edition)
by Garrison, Ray; Noreen, Eric, Brewer, Peter
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
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