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A furniture manufacturer specializes in wood tables. The tables sell for $125 per unit and incur $55 per unit in variable costs. The company has
A furniture manufacturer specializes in wood tables. The tables sell for $125 per unit and incur $55 per unit in variable costs. The company has $2,000 in fixed costs per month. Read the requirements. 6. Prepare a contribution margin income statement for one month if the company sells 590 tables. 7. What is the total contribution margin for the month when the company sells 590 tables? The contribution margin is $ . 8. What is the unit contribution margin? Select the formula labels and then entering the amounts to compute the contribution margin per unit = Unit contribution margin 9. What is the contribution margin ratio? 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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