Question
Contribution Margin United Merchants Company sells 38,000 units at $24 per unit. Variable costs are $18.96 per unit, and fixed costs are $78,500. Determine (a)
Contribution Margin
United Merchants Company sells 38,000 units at $24 per unit. Variable costs are $18.96 per unit, and fixed costs are $78,500.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
| a. Contribution margin ratio (Enter as a whole number.) | fill in the blank 1 | % |
| b. Unit contribution margin (Round to the nearest cent.) | $fill in the blank 2 | per unit |
| c. Operating income | $fill in the blank 3 |
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Financial accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
IFRS Edition
9781119153726, 978-1118285909
