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Penny Company sells 30,000 units at $62 per unit. Variable costs are $30 per unit, and fixed costs are $750,000. Determine the (a) unit contribution
Penny Company sells 30,000 units at $62 per unit. Variable costs are $30 per unit, and fixed costs are $750,000. Determine the (a) unit contribution margin (b) contribution margin ratio, and (c) income from operations.
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