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Chilton, inc. sold 11,400 units last year for $21 each. Variable costs per unit were $2.00 for direct materials, $2.40 for direct labor, and $4.20
Chilton, inc. sold 11,400 units last year for $21 each. Variable costs per unit were $2.00 for direct materials, $2.40 for direct labor, and $4.20 for variable overhead. Fixed costs were $60,500 in manufacturing overhead and $40,600 in non manufacturing costs.
Chilton, Inc. sold 11,400 units last year for $21 each. Variable costs per unit were $2.00 for direct materials, $2.40 for direct labor, and $4.20 for variable overhead. Fixed costs were $60,500 in manufacturing overhead and $40,600 in nonmanufacturing costs a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.) Total Contribution Margin b. What is the unit contribution margin? (Round your answer to 2 decimal places.) Unit Contribution Margin c. What is the contribution margin ratio? (Round your intermediate calculations and final answer to 2 decimal places.) Contribution Margin Ratio % Unit Contribution Margin c. What is the contribution margin ratio? (Round your intermediate calculations and final answer to 2 decimal places.) Contribution Margin Ratio % d. If sales increase by 2,120 units, by how much will profits increase? (Round your intermediate calculation to 2 decimal places and final answer to the nearest dollar amount.) A Profits Increase Step by Step Solution
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