A clothing maker is designing a new line of shirts called Tees. Tees will sell for 365
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Question:
A clothing maker is designing a new line of shirts called Tees. Tees will sell for 365 per unit and cost 262.80 per unit in variable costs to make. Fixed costs total 64,000 (round answers to 2 decimal places.)
a. Compute the contribution margin per unit:
b. Compute the contribution margin ratio:
c. Compute income if 5250 are sold:
Question: Please solve this problem so I can understand what I am doing. Please show all work and any information that in your expertise you think I should look at.
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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