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United Merchants Company sells 16,000 units at $47 per unit. Variable costs are $30.55 per unit, and fixed costs are $152,700. Determine (a) the contribution
United Merchants Company sells 16,000 units at $47 per unit. Variable costs are $30.55 per unit, and fixed costs are $152,700.
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 |
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