Hi, I need some help with the formula for the below question. Harry Company sells 20,000 units at $27 per unit.Variable costsare $21.06 per unit,
Hi,
I need some help with the formula for the below question.
Harry Company sells 20,000 units at $27 per unit.Variable costsare $21.06 per unit, andfixed costsare $54,600.
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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Authors: Charles B. Hall
1st Edition
0578519739, 978-0578519739
