Question
Molly Company sells 24,000 units at $31 per unit. Variable costs are $21.39 per unit, and fixed costs are $136,100. Determine (a) the contribution margin
Molly Company sells 24,000 units at $31 per unit. Variable costs are $21.39 per unit, and fixed costs are $136,100.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
| a. Contribution margin ratio (Enter as a whole number.): | % | |
| b. Unit contribution margin (Round to the nearest cent.): | Per Unit | |
| c. Income from operations: |
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Finance For Non-Finance People
Authors: Sandeep Goel
2nd Edition
0367185083, 9780367185084
