Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bluegill Company sells 1 4 , 8 0 0 units at $ 3 4 0 per unit. Fixed costs are $ 2 5 1 ,

Bluegill Company sells 14,800 units at $340 per unit. Fixed costs are $251,600, and operating income is $1,258,000. Determine the (a) variable cost per unit, (b) unit contribution margin, and (c) contribution margin ratio. Round the contribution margin ratio to two decimal places.
a. Variable cost per unit
$
b. Unit contribution margin
$
per unit
c. Contribution margin ratio
%
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

SEO Competitor Audit Journal

Authors: Nelz Plummer

1st Edition

B09DDWJGRC, 979-8459748123

More Books

Students also viewed these Accounting questions

Question

Employ effective vocal cues Employ effective visual cues

Answered: 1 week ago