Question
Harry Company sells 27,000 units at $18 per unit. Variable costs are $10.80 per unit, and fixed costs are $58,300. Determine (a) the contribution margin
Harry Company sells 27,000 units at $18 per unit. Variable costs are $10.80 per unit, and fixed costs are $58,300.
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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Commercial Printing IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304133753, 978-1304133755
