Quaker Corporation Sold 6,600 Units of Its Product at a Price

question 73

Multiple Choice

Quaker Corporation sold 6,600 units of its product at a price of $42.40 per unit.Total variable cost per unit is $19.25,consisting of $10.15 in variable production cost and $9.10 in variable selling and administrative cost.Compute contribution margin for the company.

• A)$279,840
• B)$119,130
• C)$66,990
• D)$152,790
• E)$60,060

---

Definitions:

Net Income

The sum a company is left with after all its expenses and taxes are removed from its income.

Crossover Point

The point at which two different financial scenarios yield the same result or where an investment's cost and benefits intersect.

Cash Inflows

Money or funds received by a business during a period of time from various sources including sales, investments, and financing.