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A furniture manufacturer specializes in wood tables. The tables sell for $95 per unit and incur $40 per unit in variable costs. The company
A furniture manufacturer specializes in wood tables. The tables sell for $95 per unit and incur $40 per unit in variable costs. The company has $3,000 in fixed costs per month. Prepare a contribution margin income statement for one month if the company sells 550 tables. What is the total contribution margin for one month when the company sells 550 tables? 6. 7. 8. What is the unit contribution margin? 9. What is the contribution margin ratio? + 6. Prepare a contribution margin income statement for one month if the company sells 550 tables. 7. What is the total contribution margin for one month when the company sells 550 tables? Contribution margin = 8. What is the unit contribution margin? Select the formula labels and then entering the amounts to compute the contribution margin per unit. 9. What is the contribution margin ratio? Unit contribution margin Select the formula labels and then enter the amounts to compute the contribution margin ratio. (Round your answer to the nearest percent, X%.) Contribution margin ratio %
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