Porter Corporation has fixed costs of $660,000, variable costs of $24 per unit, and a contribution margin
Question:
Porter Corporation has fixed costs of $660,000, variable costs of $24 per unit, and a contribution margin ratio of 40 percent.
Compute the following:
a. Unit sales price and unit contribution margin for the above product.
b. The sales volume in units required for Porter Corporation to earn an operating income of $300,000.
c. The dollar sales volume required for Porter Corporation to earn an operating income of $300,000.
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Step by Step Answer:
a The unit contribution margin is the unit sales price minus the variable cost per unit To calculate ...View the full answer
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ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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