Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please i neeed help In the month of September, Matlock Industries sold 800 units of product. The average sales price was $30. During the month,

please i neeed help image text in transcribed
image text in transcribed
In the month of September, Matlock Industries sold 800 units of product. The average sales price was $30. During the month, fixed costs were $6,300 and variable costs were 70% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio. Contribution margin in dollars) $ Unit contribution margin Contribution margin ratio fot Attempts of 1 used Submit Answer Determine the contribution margin in dollars, per unit, and as a ratio. Contribution margin (in dollars) $ Unit contribution margin $ Contribution margin ratio % Save for Later Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available while you complete the port above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Deferred Income Taxes

Authors: Bobby Carmichael

2nd Edition

1119724562, 9781119724568

More Books

Students also viewed these Accounting questions

Question

How can you listen critically to others public speeches?

Answered: 1 week ago