ZZ Tire Company opened a new location last year. Use the following information to figure out contrib
ZZ Tire Company opened a new location last year. Use the following information to figure out contribution margin and operating income for last year:
Tires sold: 15,000
Retail Price per tire: $75 per tire
Cost per tire: $18 per tire
Installation expense per tire (payroll): $9 per tire
Utilities: $2,000 per month
Rent: $3,500 per month
Clerks and phone receptionist: $2,500 per month