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please help with #3 :) i cant seem to figure it out A jeans maker is designing a new line of jeans called Slams. Slams
please help with #3 :) i cant seem to figure it out
A jeans maker is designing a new line of jeans called Slams. Slams will sell for $275 per unit and cost $165.00 per unit in variable costs to make. Fixed costs total $70,000. (Round your answers to 2 decimal places.) Answer is not complete. 1. Computo the contribution margin per unit Sales 275.00 per unit Less: Variable cost 165.00 per unit Contribution margin 110.00 per unit 2. Compute the contribution margin ratio Numerator: Denominator: Contribution margin per unit. Selling price per unit 110.00 $ 275.00 3. Compute income if 7,000 units are produced and sold Income Contribution Margin Ratio Contribution margin ratio 40.00% = Step by Step Solution
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