Question
Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution margin ratio and
Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution margin ratio and the unit contribution margin are:
1. 52% and $11 per unit
2. 47% and $11 per unit
3. 47% and $8 per unit
4. 53% and $7 per unitStep by Step Solution
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Fundamental Managerial Accounting Concepts
Authors: Edmonds, Tsay, olds
6th Edition
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