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Molly Company sells 20,000 units at $50 per unit. Variable costs are $42.00 per unit, and fixed costs are $59,200. Determine (a) the contribution margin
Molly Company sells 20,000 units at $50 per unit. Variable costs are $42.00 per unit, and fixed costs are $59,200. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Operating income $
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