Question
Chilton, Inc. sold 12,100 units last year for $21 each. Variable costs per unit were $3.00 for direct materials, $1.60 for direct labor, and $3.20
Chilton, Inc. sold 12,100 units last year for $21 each. Variable costs per unit were $3.00 for direct materials, $1.60 for direct labor, and $3.20 for variable overhead. Fixed costs were $61,500 in manufacturing overhead and $40,600 in nonmanufacturing costs.
| a. | What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.) |
| b. | What is the unit contribution margin? (Round your answer to 2 decimal places.) |
| c. | What is the contribution margin ratio? (Round your intermediate calculations and final answer to 2 decimal places.) |
| d. | If sales increase by 2,060 units, by how much will profits increase? (Round your intermediate calculation to 2 decimal places and final answer to the nearest dollar amount.) |
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The Internal Auditing Pocket Guide Preparing Performing Reporting And Follow Up
Authors: J.P. Russell
2nd Edition
1636941303, 978-1636941301
