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What is the contribution margin per cookie? (Round unit costs to 2 decimal places, e.g. 52.75.)

Question Description

Exercise 2-17 (Part Level Submission)

Erin Brushwood sells gourmet chocolate chip cookies. The results of her last month of operations are as follows:

Sales revenue $ 49,742
Cost of goods sold (all variable) 25,443
Gross margin 24,299
Selling expenses (20% variable) 8,239
Administrative expenses (60% variable) 11,152
Operating income $ 4,908

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(a)

Correct answer. Your answer is correct.

Prepare a contribution format income statement for Erin. (Round answers to 0 decimal places, e.g. 5,275.)

Entry field with correct answer $

Entry field with correct answer

Entry field with correct answer

:

Entry field with correct answer

$

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

:

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

$

Entry field with correct answer

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Attempts: 1 of 1 used

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(b)

Incorrect answer. Your answer is incorrect.

If Erin sells her cookies for $1.60 each, how many cookies did she sell during the month? (Round answer to the nearest whole number, e.g. 5,275.)

Cookies sold in the month Entry field with incorrect answer
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Attempts: 1 of 1 used

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(c)

What is the contribution margin per cookie? (Round unit costs to 2 decimal places, e.g. 52.75.)

Contribution margin $ per cookie

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