Answer the Following Questions Using the Information Below

question 109

Multiple Choice

Answer the following questions using the information below:
Sherry's Custom Jewelry sells a single product. 700 units were sold resulting in $7,000 of sales revenue, $2,800 of variable costs, and $1,200 of fixed costs.
-Contribution margin per unit is:

• A)$4.00
• B)$4.29
• C)$6.00
• D)None of these answers are correct.