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Oriole/Davis Designs sells customized mobile phone covers. The company's controller prepared the following income statement for the upcoming monthly management meeting. Sales revenue $175,900 $61,440
Oriole/Davis Designs sells customized mobile phone covers. The company's controller prepared the following income statement for the upcoming monthly management meeting. Sales revenue $175,900 $61,440 Cost of goods sold Varlable selling expenses 10,106 Variable general and administrative expenses 3,652 Total varlable expenses 75,198 Contribution margin 100,702 Flxed selling expenses 18,030 Fixed general and administrative expenses 31,222 Total fixed expenses 49,252 Operating income $51,450 Assume that Oriole/Davis sells its phone covers for $37 each. How many covers did the company sell? (Round answer to 0 decimal places, 5,275.) Number of covers sold LINK TO TEXT LINK TO VIDEO What is the company's contribution margin per unit? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin $ per phone cover LINK TO VIDEO LINK TO TEXT What is the company's contribution margin ratio? (Round answer to 2 decimal places, e.g. 52.75%.) Contribution margin ratio 9% Click if you would like to Show Work for this question:Open Show Work LINK TO TEXT LINK TO VIDEO
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