Question
Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N O Unit sales
Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are:
| M | N | O | ||||||
| Unit sales price | $ | 9 | $ | 7 | $ | 8 | ||
| Unit variable costs | 5 | 4 | 6 | |||||
Total fixed costs are $340,000. The contribution margin per composite unit for the current sales mix (rounded to the nearest cent) is:
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Fundamentals Of Futures And Options Market
Authors: John C. Hull
6th Edition
0132242265, 9780132242264
