Solved: Description of unit contribution margin, Accounting Basics

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Description of unit contribution margin

Problem: Mirror Company sold 17,000 units and had the following income statement for the most recent year:

Sales...                       $357,000
Variable expenses...    $255,000
Contribution margin... $102,000
Fixed expenses...          $68,000
Net Income...                $34,000

Given this data, the unit contribution margin was:

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Accounting Basics: Description of unit contribution margin

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