Question
Contribution Margin Ferrante Company sells 34,000 units at $28 per unit. Variable costs are $20.44 per unit, and fixed costs are $110,500. Determine (a) the
Contribution Margin
Ferrante Company sells 34,000 units at $28 per unit. Variable costs are $20.44 per unit, and fixed costs are $110,500.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
| a. Contribution margin ratio (Enter as a whole number.) | ____ | % |
| b. Unit contribution margin (Round to the nearest cent.) | $___ | per unit |
| c. Income from operations | $___ |
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
9780073530703
