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Calculator Print Item A company sells small motors as a component part to automobiles. The Model 101 motor sells for $900 and has per-unit variable
Calculator Print Item A company sells small motors as a component part to automobiles. The Model 101 motor sells for $900 and has per-unit variable costs of $540 associated with its production. The company has fixed expenses of $80,000 per month. In August, the company sold 420 of the Model 101 motors. A. Calculate the contribution margin per unit for the Model 101. Contribution margin $ per unit B. Calculate the contribution margin ratio of the Model 101. Contribution margin ratio % Feedback Check My Work C. Prepare a contribution margin income statement for the month of August. Use a minus sign for a net loss if present. Income Statement Sales Variable Costs Contribution Margin Fixed Costs
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