Question
Contribution Margin Molly Company sells 16,000 units at $27 per unit.Variable costsare $21.87 per unit, andfixed costsare $27,100. Determine (a) the contribution margin ratio, (b)
Contribution Margin
Molly Company sells 16,000 units at $27 per unit.Variable costsare $21.87 per unit, andfixed costsare $27,100.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
a.Contribution margin ratio (Enter as a whole number.)_____________%
b.Unit contribution margin(Round to the nearest cent.)$____________per unit
c.Operating income$_________________
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Horngrens Accounting
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
11th Canadian Edition Volume 2
0135359783, 978-0135359785
