Question
Contribution Margin Molly Company sells 24,000 units at $20 per unit. Variable costs are $16.40 per unit, and fixed costs are $34,600. Determine (a) the
Contribution Margin
Molly Company sells 24,000 units at $20 per unit. Variable costs are $16.40 per unit, and fixed costs are $34,600.
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.) | % | |
| b. Unit contribution margin (Round to the nearest cent.) | $ | per unit |
| c. Income from operations |
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
