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

(a)


	Your answer is correct.

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

		$
:
	$




:



		$

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(b)


	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

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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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