Question: Current Attempt in Progress In 2019, Ivanhoe Company had a break-even point of $385,000 based on a selling price of $7 per unit and fixed

 Current Attempt in Progress In 2019, Ivanhoe Company had a break-even

Current Attempt in Progress In 2019, Ivanhoe Company had a break-even point of $385,000 based on a selling price of $7 per unit and fixed costs of $115,500. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $454,000. (a) Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0 decimal places, e.g. 20.) Variable costs per unit $ Contribution margin ratio % e Textbook and Media Save for Later Attempts: 0 of 1 used Submit

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