Question
United Merchants Company sells 36,000 units at $15 per unit. Variable costs are $9.45 per unit, and fixed costs are $91,900. Determine (a) the contribution
United Merchants Company sells 36,000 units at $15 per unit. Variable costs are $9.45 per unit, and fixed costs are $91,900.
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.) | % | |
| b. Unit contribution margin (Round to the nearest cent.) | $ | per unit |
| c. Income from operations | $ |
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Money And Banking
Authors: Robert E. Wright, Vincenzo Quadrini
1st Edition
0982043082, 9780982043080
