Question
Nash sells books, movies, and magazines to a wide customer base. In a typical month, about 40% of its sales volume is from books,
Nash sells books, movies, and magazines to a wide customer base. In a typical month, about 40% of its sales volume is from books, 40% from movies, and 20% from magazines. The selling price and cost information for each of these product categories is as follows. Selling price Variable cost/unit Books Movies $9 3 $14 9 Magazines $7 3 In addition, Nash incurs facility and administrative costs that average $26,520 per month. Find the weighted-average contribution margin per unit for this company. (Round answer to 2 decimal places, e.g. 15.25.)
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