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Chilton, Inc. sold 12,900 units last year for $20 each. Variable costs per unit were $3.00 for direct materials, $1.90 for direct labor, and $3.40
Chilton, Inc. sold 12,900 units last year for $20 each. Variable costs per unit were $3.00 for direct materials, $1.90 for direct labor, and $3.40 for variable overhead. Fixed costs were $61,900 in manufacturing overhead and $42,000 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 d. If sales increase by 2,070 units, by how much will profits increase? (Round your intermediate calculation to 2 decimal places and final answer to the nearest dollar amount.) Profits Increase
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