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Use the following information to answer questions 20 – 22. Sales revenue is $80,000, 8,000 units...

Use the following information to answer questions 20 – 22.

Sales revenue is $80,000, 8,000 units were produced and sold, variable costs are 60% of sales, and fixed costs are $10,000

What is the contribution margin?

$54,000

$37,000

$45,000

$32,000

What is the variable cost per unit?

$6/unit

$5/unit

$8/unit

$10/unit

What is net operating income?

$28,000

$32,000

$22,000

$14,000

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