Contribution margin Sally Company sells 25,000 units at $34 per unit. Variable costs are $23.80...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Contribution margin Sally Company sells 25,000 units at $34 per unit. Variable costs are $23.80 per unit, and fixed costs are $76,500. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. Line Item Description Answer 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 $fill in the blank 3 Feedback Area Feedback
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!