A firm expects to sell 25,000 units of its product at $11 per unit and to incur variable costs per unit of $6. Total fixed costs are $70,000. The total contribution margin is:_________
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Step 1
Step 1: Calculate the total sales revenue by multiplying the selling price per unit by the number of units sold: Total Sales Revenue = $11/unit * 25,000 units = $275,000 Show more…
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