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Chilton, Inc. sold 12,000 units last year for $21 each. Chilton, Inc. sold 12,000 units last year for $21 each. Variable costs per unit were
Chilton, Inc. sold 12,000 units last year for $21 each.
Chilton, Inc. sold 12,000 units last year for $21 each. Variable costs per unit were $2.00 for direct materials, $200 for direct labor, and $4.40 for variable overhead. Fixed costs were $60,600 in manufacturing overhead and $41,100 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 2,110 units, by how much will profits increase? (Round your intermediate calculation to 2 decimal plac final answer to the nearest dollar amount.) Profits Increase Step by Step Solution
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