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The company has provided the following relating to the most recent month of operations, for their main product, tires. The company sold 8,600 tires. Total
The company has provided the following relating to the most recent month of operations, for their main product, tires. The company sold 8,600 tires.
Total Sales $ 3,034,700
Cost of Goods Sold (100% variable) $ 1,517,350
Fixed Selling Costs $ 212,429
Fixed Administrative Costs $ 242,776
Variable Selling Costs 7% of sales
Variable Administrative Costs $ 151,735
Using the information above, answer the following:
What is the total contribution margin?
What is the contribution margin ratio?
What is Net income?
What is the variable cost per unit?
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