Stone Corp sells large polished stones. The firm sells
their stones for an average price of $11 per stone and the variable
cost of goods sold is $2 per stone. Additionally, the
firm pays fixed salaries of $220,000 per year and has annual
depreciation expense of $51,500.
Given this info, what is the contribution margin for
Stone Corp?
Multiple Choice
$270,000
$20
$9
$220,000