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Oliver Corp. sells discount office chairs for $150 each. The variable cost per chair is $100 and the firm's total fixed costs in 2020 were
Oliver Corp. sells discount office chairs for $150 each. The variable cost per chair is $100 and the firm's total fixed costs in 2020 were $11.75 min. Oliver Corp. sold 265,000 chairs in 2020. For 2021, management estimates that they will be able to sell 295,000 chairs while keeping the variable cost per chair and total fixed costs unchanged from 2020 Use the above information to answer the ten (10) questions below. 1. Oliver Corp, 5 contribution margin per unit for 2020 was Enter your answer in dollars with Oliver Corp.sells discount office chairs for $150 each. The variable cost per chair is $100 and the firm's total fixed costs in 2020 were $11.75 min. Oliver Corp. sold 265,000 chairs in 2020. For 2021, management estimates that they will be able to sell 295,000 chairs while keeping the variable cost per chair and total fixed costs unchanged from 2020 Use the above information to answer the ten (10) questions below. 1. Oliver Corps contribution margin per unit for 2020 was Enter your answer in dollars (without a 'S) and two decimal places (eg. $123 456 is entered as 123.45); 2.Oliver Corp's fixed cost per unit for 2020 was Enter your answer in dollars (without a 's') and two decimal places (eg $123.456 is entered as 123:46)) 3. Oliver Corp's profit per unit in 2020 was Enter your answer in dollars (without a 's) and two decimal places (eg. $123.456 is entered as 123:46) 4. Oliver Corps total profit in 2020 was Enter your answer in millions of dollars (without a'5') and two decimal places leg. 51,234 567 89 is entered as
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