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Sally Company sells 16,000 units at $22 per unit. Variable costs are $15.84 per unit, and fixed costs are $52,200. Determine (a) the contribution margin
Sally Company sells 16,000 units at $22 per unit. Variable costs are $15.84 per unit, and fixed costs are $52,200.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
| 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. Operating income | $fill in the blank 3 |
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Not For Profit Entities Audit And Accounting Guide
Authors: AICPA
1st Edition
1937351971, 978-1937351977
