Contribution Margin

Harry Company sells 16,000 units at $19 per unit. Variable costs are $13.30 per unit, and fixed costs are $36,500.

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.)	(fill in the blank 1)	%
b. Unit contribution margin (Round to the nearest cent.)	(fill in the blank 2)	per unit
c. Income from operations	(fill in the blank 3)	(leave blank)