3.1 A company sells mulch by the cubic yard. Grade A much sells for $150 per cubic...
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3.1 A company sells mulch by the cubic yard. Grade A much sells for $150 per cubic yard and has variable costs of $65 per cubic yard. The company has fixed expenses of $15,000 per month. In August, the company sold 240 cubic yards of Grade A mulch.
A. Calculate the contribution margin per unit for Grade A mulch.
B. Calculate the contribution margin ratio of the Grade A mulch.
C. Prepare a contribution margin income statement for the month of August.
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Related Book For 
Principles Of Accounting Managerial Accounting Volume 2
ISBN: 9781947172609
1st Edition
Authors: Patty Graybeal, Mitchell Franklin, Dixon Cooper
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