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Harry Company sells 35,000 units at $46 per unit. Variable costs are $38.18 per unit, and fixed costs are $120,400. Determine (a) the contribution margin
Harry Company sells 35,000 units at $46 per unit. Variable costs are $38.18 per unit, and fixed costs are $120,400.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
a. Contribution margin ratio (Enter as a whole number.)fill in the blank 1%b. Unit contribution margin (Round to the nearest cent.)$fill in the blank 2per unitc. Operating incomeStep by Step Solution
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