The division sold 100,000 tablets during 2013:
Sales (100,000 @ $20) $2,000,000
Variable Costs:
Materials $380,000
Order Processing 110,000
Billing Labor 150,000
Selling expenses 60,000
Total variable costs: 700,000
Fixed costs 1,000,000
i) How much is contribution margin per unit?
ii) Determine net income ( or loss) for the company for the year?