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Pharoah Company makes 2 products, sleep masks and sleep socks. Additional information follows: Sleep Masks Sleep Socks Units 5,700 4,200 Sales $111,000 $76,000 Variable
Pharoah Company makes 2 products, sleep masks and sleep socks. Additional information follows: Sleep Masks Sleep Socks Units 5,700 4,200 Sales $111,000 $76,000 Variable costs 52,974 24,004 Fixed costs 26,106 25,998 Net income $31,920 $25,998 Profit per unit $5.60 $6.19 Compute the Contribution margin per unit. (Round answers to 2 decimal places, e.g. 15.25.)
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