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Contribution margin Harry Company sells 25,000 units at $37 per unit. Variable costs are $21.83 per unit, and fixed costs are $208,600. Determine (a) the
Contribution margin
Harry Company sells 25,000 units at $37 per unit. Variable costs are $21.83 per unit, and fixed costs are $208,600.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
| Line Item Description | Answer |
|---|---|
| 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 | $fill in the blank 3 |
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