Question
Harry Company sells 30,000 units at $37 per unit. Variable costs are $22.94 per unit, and fixed costs are $143,400. Determine (a) the contribution margin
Harry Company sells 30,000 units at $37 per unit. Variable costs are $22.94 per unit, and fixed costs are $143,400.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
| a. Contribution margin ratio (Enter as a whole number.) | % | |
| b. Unit contribution margin (Round to the nearest cent.) | $ | per unit |
| c. Income from operations | $ |
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-1111879044
