Question: Red Hawk Enterprises sells handmade clocks. Its variable cost per clock is $6.50, and each clock sells for $14.00. Required: Calculate Red Hawk's unit contribution


Red Hawk Enterprises sells handmade clocks. Its variable cost per clock is $6.50, and each clock sells for $14.00. Required: Calculate Red Hawk's unit contribution margin. Calculate Red Hawk's contribution margin ratio. Suppose Red Hawk sells 1,850 clocks this year. Calculate the total contribution margin. Complete this question by entering your answers in the tabs below. Calculate Red Hawk's unit contribution margin. Note: Round your answer to 2 decimal places. Calculate Red Hawk's contribution margin ratio. Note: Round your answers to 2 decimal places and Round your contribution margin ratio percentage to 1 decimal places (i.e. .123 should be entered as 12,3%.) Suppose Red Hawk sells 1,850 clocks this year. Calculate the total contribution margin. Note: Round your answers to 2 decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
