Question
Harry Company sells 40,000 units at $48 per unit. Variable costs are $38.88 per unit, and fixed costs are $182,400. Determine (a) the contribution margin
Harry Company sells 40,000 units at $48 per unit. Variable costs are $38.88 per unit, and fixed costs are $182,400.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
| a. Contribution margin ratio (Enter as a whole number.) | % | |
| b. Unit contribution margin (Round to the nearest cent.) | $ | per unit |
| c. Operating income | $ |
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Audit Planning A Risk Based Approach
Authors: K. H. Spencer Pickett
1st Edition
047169052X, 978-0471690528
