A company manufactures and sells a single product. The following information is available for the year ended
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Question:
A company manufactures and sells a single product. The following information is available for the year ended December 31, 2022:
- Sales revenue: $1,500,000
- Variable cost per unit: $50
- Fixed costs: $500,000
- Beginning inventory: 500 units
- Ending inventory: 400 units
- Production: 10,000 units
Calculate the following:
a) Contribution margin per unit b) Contribution margin ratio c) Net income for the year ended December 31, 2022
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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