Question: Analyze the contribution margin for different product mix options for ABC Corporation using the following data: Product Selling Price per Unit ($) Variable Cost per
- Analyze the contribution margin for different product mix options for ABC Corporation using the following data:
| Product | Selling Price per Unit ($) | Variable Cost per Unit ($) |
|---|---|---|
| Product A | $50 | $30 |
| Product B | $40 | $25 |
| Product C | $60 | $40 |
Requirements:
- Calculate the contribution margin and contribution margin ratio for each product.
- Analyze the contribution margin for different product mix options.
- Present the analysis in a detailed table format.
- Discuss the implications for product mix decisions.
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