Question
Contribution Margin Sally Company sells 24,000 units at $25 per unit. Variable costs are $18.75 per unit, and fixed costs are $82,500. Determine (a) the
Contribution Margin
Sally Company sells 24,000 units at $25 per unit. Variable costs are $18.75 per unit, and fixed costs are $82,500.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
a. Contribution margin ratio (Enter as a whole number.)%
b. Unit contribution margin (Round to the nearest cent.)$per unit
c. Operating income$
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
1st Edition
0471962120, 978-0471962120
