Question
Contribution Margin Harry Company sells 16,000 units at $20 per unit. Variable costs are $14.40 per unit, and fixed costs are $36,700. Determine (a) the
Contribution Margin
Harry Company sells 16,000 units at $20 per unit. Variable costs are $14.40 per unit, and fixed costs are $36,700.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
| 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. Operating income |
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Managerial Accounting An Integrative Approach
Authors: C J Mcnair Connoly, Kenneth Merchant
2nd Edition
099950049X, 978-0999500491
