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Bluegill Company sells 10,300 units at $260 per unit. Fixed costs are $133,900, and operating income is $1,472,900. Determine the (a) variable cost per unit,
Bluegill Company sells 10,300 units at $260 per unit. Fixed costs are $133,900, and operating income is $1,472,900. 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.
Answer
a. Variable cost per unit
b. Unit contribution margin
c. Contribution margin ratio
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