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In September, Wildhorse Industries sold 850 units of product. The average sales price was $40. During the month, fixed costs were $8,508 and variable
In September, Wildhorse Industries sold 850 units of product. The average sales price was $40. During the month, fixed costs were $8,508 and variable costs were 70% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to O decimal places, e.g. 5,275. Other all answers to 2 decimal places, e.g. 52.75.) Contribution margin (in dollars) Unit contribution margin +A $ (b) Contribution margin ratio Save for Later % Attempts: 0 of 1 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above.
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