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In September, Sandhill Industries sold 820 units of product. The average sales price was $40. During the month, fixed costs were $7,308 and variable
In September, Sandhill Industries sold 820 units of product. The average sales price was $40. During the month, fixed costs were $7,308 and variable costs were 70% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to 0 decimal places, eg. 5,275. Other all answers to 2 decimal places, e.g. 52.75) Contribution margin (in dollars) $ Unit contribution margin Contribution margin ratio
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