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Contribution Margin
Molly Company sells 20,000 units at $23 per unit. Variable costs are $15.18 per unit, and fixed costs are $76,600.
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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