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how do i calculate the income? are the others correct? A jeans maker is designing a new line of jeans called Slams. Slams will sell
how do i calculate the income? are the others correct?
A jeans maker is designing a new line of jeans called Slams. Slams will sell for $365 per unit and cost $262.80 per unit in variable costs to make. Fixed costs total $64,000. (Round your answers to 2 decimal places.) 1. Compute the contribution margin per unit. Sales Less: Variable cost 365.00 per unit (262.80) per unit 102.20: per unit TA $ Contribution margin 2. Compute the contribution margin ratio. Numerator: 1 Denominator: Contribution Margin Ratio = Contribution margin per unit 1 Selling price per unit Contribution margin ratio = 28.00% 365.00 102.20 IL 7 $ 3. Compute income if 5,800 units are produced and sold IncomeStep by Step Solution
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