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Question was formerly posted and the expert answers were incorrect for the first two! Need help for A and B below. :( Contribution Margin Harry
Question was formerly posted and the expert answers were incorrect for the first two! Need help for A and B below. :(
Contribution Margin
Harry Company sells 16,000 units at $19 per unit. Variable costs are $13.30 per unit, and fixed costs are $36,500.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
a. Contribution margin ratio (Enter as a whole number.) | fill in the blank 1 | % |
b. Unit contribution margin (Round to the nearest cent.) | $fill in the blank 2 | per unit |
c. Income from operations | 54,700 |
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