What is your contribution margin for selling


Question: You have a small internet business selling hand-knit hats. You sell each of your hats for $35. Your variable expenses are as follows for one hat: Item Amount Yarn/Materials $15 Packaging $3 Shipping $5 What is your contribution margin for selling 15 hats? Responses • $200 • $255 • $300 • $180

 

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Accounting Basics: What is your contribution margin for selling
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