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Remy Corporation sold 5,500 units of its product at a price of $30 per unit. Total variable cost per unit is $16.00, consisting of $15.20 in variable cost of goods sold and $0.80 in variable selling and administrative cost. Compute the contribution margin for the company.

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ayokenny2001

The Contribution Margin for Remy Corporation s $77,000

What is contribution margin?

Contribution margin refers to a business' sales revenue minus its variable costs.

Given the above information,

Contribution margin would be:

= (5,500 units * $30 per unit) - (5,500 units * $16 per units)

= $165,000 - $88,000

= $77,000

Therefore the final Contribution Margin for the company is $77,000

Learn more about contribution margin here: https://brainly.com/question/16899960

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