A manufacturer of premium wire strippers has supplied the following data:
|
Units produced and sold |
560,000 |
|
Sales revenue |
$4,704,000 |
|
Variable manufacturing expense |
2,436,000 |
|
Fixed manufacturing expense |
1,200,000 |
|
Variable selling and administrative expense |
616,000 |
|
Fixed selling and administrative expense |
272,000 |
|
Net operating income |
$180,000 |
The company”s unit contribution margin is closest to:
A) $2.95
B) $5.45
C) $7.30
D) $4.05