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Contribution Margin United Merchants Company sells 15,000 units at $12 per unit. Variable costs are $7.68 per unit, and fixed costs are $29,800. Determine
Contribution Margin United Merchants Company sells 15,000 units at $12 per unit. Variable costs are $7.68 per unit, and fixed costs are $29,800. 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.) c. Operating income % per unit
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
