Question
Contribution margin Harry Company sells 38,000 units at $25 per unit. Variable costs are $18.00 per unit, and fixed costs are $95,800. Determine (a) the
Contribution margin
Harry Company sells 38,000 units at $25 per unit. Variable costs are $18.00 per unit, and fixed costs are $95,800.
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.) | |
| b. Unit contribution margin (Round to the nearest cent.) | |
| c. Operating income |
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Accounting Tools for business decision making
Authors: kimmel, weygandt, kieso
4th Edition
978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461
