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Contribution Margin Molly Company sells 32,000 units at $48 per unit. Variable costs are $26.88 per unit, and fixed costs are $392,000. Determine (a) the
Contribution Margin Molly Company sells 32,000 units at $48 per unit. Variable costs are $26.88 per unit, and fixed costs are $392,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) X % b. Unit contribution margin (Round to the nearest cent.) c. Operating income Feedback Check My Work a. Unit contribution margin divided by unit sales price equals contribution margin ratio. b Unit sales price minus unit variable costs equals unit contribution margin c Contribution margin minus fixed costs equals income from operations. h per unit
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