Kosko Companys Speedo calculator sells for $40. Variable costs per unit are estimated to be $28.What are

Question:

Kosko Company’s Speedo calculator sells for $40. Variable costs per unit are estimated to be $28.What are the contribution margin per unit and the contribution margin ratio?

Contribution Margin
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...