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A company sells small motors as a component part to automobiles. The Model 103 motor sells for 5835 and has per- unit variable costs of
A company sells small motors as a component part to automobiles. The Model 103 motor sells for 5835 and has per- unit variable costs of $445 associated with its production. The company has fixed expenses of $90,500 per month. In August, the company sold 450 of the Model 103 motors. A. Calculate the contribution margin per unit for the Model 103. Round to the nearest dollar. B. Calculate the contribution margin ratio of the Model 103. Round to the nearest whole % C. Prepare a contribution margin income statement for the month of August. Round to the nearest dollar
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