Contribution Margin

Ferrante Company sells 90,000 units at $60 per unit. Variable costs are $42 per unit, and fixed costs are $550,000.

Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.

a. Contribution margin ratio (Round to one decimal place.)	fill in the blank 1	%
b. Unit contribution margin	$fill in the blank 2	per unit
c. Income from operations	$