The equation is 10x - 6x -100,000 = Profit. 1. Remember that 10 is the price per
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The equation is 10x - 6x -100,000 = Profit.
1. Remember that 10 is the price per unit and 6 the variable cost per unit so that has to be multiplied by x, the number of units.
2. What is the contribution margin per unit?
3. What is the contribution margin ratio?
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
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