Question
United Merchants Company sells 40,000 units at $45 per unit. Variable costs are $32.40 per unit, and fixed costs are $292,300. Determine: (a) the contribution
United Merchants Company sells 40,000 units at $45 per unit. Variable costs are $32.40 per unit, and fixed costs are $292,300. Determine:
(a) the contribution margin ratio (enter as a whole number) ______
(b) the unit contribution margin $_______(round to the nearest cent)
(c) operating income. $______
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Accounting The Basis For Business Decisions
Authors: Robert F. Meigs, Walter B Meigs
5th Edition
007041551X, 9780070415515
