Question

The selling price of a fish dinner is $22. The variable costs of this dinner are...

The selling price of a fish dinner is $22. The variable costs of this dinner are $9. What is the contribution margin of this dinner?

Group of answer choices

$11

$13

$14

$15

Business   Accounting   
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Answer #1

Answer)

Calculation of Contribution margin per dinner

Contribution margin per dinner = Selling price per dinner – variable cost per dinner

                                                      = $ 22 per dinner- $ 9 per dinner

                                                     = $ 13 per dinner

Therefore contribution margin is $ 13 per dinner.

   

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