Question: United Merchants Company sells 20,000 units at $46 per unit. Variable costs are $28.98 per unit, and fixed costs are $153,200. Determine (a) the contribution

United Merchants Company sells 20,000 units at $46 per unit. Variable costs are $28.98 per unit, and fixed costs are $153,200.

Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.

a. Contribution margin ratio (Enter as a whole number.)fill in the blank 1%
b. Unit contribution margin (Round to the nearest cent.)$fill in the blank 2per unit
c. Income from operations$fill in the blank 3

Step by Step Solution

★★★★★

3.56 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a Contribution margin ratio Contribution marginSales100 340400920000100 37 Working note... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Let R be the region bounded by the following curves. Use the washer method to find the volume of the solid generated when R is revolved about the x-axis. y = e x/2 , y = e -x/2 , x = ln 2, x = ln 3 ...

Q:

We have looked at the breakeven calculations for a single-product firm. However, most firms make more than one product - or service. Conceptually, multiple-product breakeven is the same as single...

Q:

You will be using Microsoft Excel to answer this question. Follow the steps below to complete the question.Click here to view a brief video demonstrating downloading the Excel file, completing your...

Q:

United Merchants Company sells 20,000 units at $46 per unit. Variable costs are $28.98 per unit, and fixed costs are $153,200. Determine (a) the contribution margin ratio, (b) the unit contribution...

Q:

United Merchants Company sells 24,000 units at $46 per unit. Variable costs are $31.74 per unit, and fixed costs are $136,900. Determine (a) the contribution margin ratio, (b) the unit contribution...

Q:

United Merchants Company sells 32,000 units at $35 per unit. Variable costs are $19.60 per unit, and fixed costs are $226,700. Determine (a) the contribution margin ratio, (b) the unit contribution...

Q:

United Merchants Company sells 29,000 units at $41 per unit. Variable costs are $25.83 per unit, and fixed costs are $171,600. Determine (a) the contribution margin ratio, (b) the unit contribution...

Q:

United Merchants Company sells 15,000 units at $14 per unit. Variable costs are $10.92 per unit, and fixed costs are $21,300. Determine (a) the contribution margin ratio, (b) the unit contribution...

Q:

United Merchants Company sells 16,000 units at $47 per unit. Variable costs are $30.55 per unit, and fixed costs are $152,700. Determine (a) the contribution margin ratio, (b) the unit contribution...

Q:

United Merchants Company sells 35,000 units at $25 per unit. Variable costs are $19.50 per unit, and fixed costs are $78,900. Determine (a) the contribution margin ratio, (b) the unit contribution...

Q:

How much is your loyalty worth? Customer service is all around us. Most of us engage in customer service activities of some type during our normal daily routines at work. All of us encounter customer...

Q:

If a probability distribution is left-skewed, ?which of the following is/are TRUE I. Q3- Q2 > Q2 - Q1 II. Q3 - Q2

Q:

Multiple Choice 6 - 2 1 Special Taxes for High - Income Taxpayers ( LO 6 . 7 ) The 3 . 8 percent Medicare tax on net investment income applies to: a . IRA distributions. b . Interest and dividends. c...

Q:

Dravet syndrome is a complex childhood epilepsy disorder. Researchers Devinsky et al., conducted a double-blind placebo-controlled trial to determine the efficacy of the drub cannabiliol on reducing...

Q:

Singh, a qualified appraiser of fine art and other collectibles, was advising Colleen when she was determining the amount of the charitable contribution deduction for a gift of a sculpture to a...

Q:

a. Mr. Krog is not convinced by Peters analysis and has turned to you, an outside consultant, to provide a preliminary estimate of lost profit. Using the limited information contained in the...

Q:

Visit your librarys newspaper archives and search for recent articles on the subject of threats to InfoSec in your locality. How many examples of threats to InfoSec in the last week can you find?

Q:

Water ( = 62.4 lbm/ft 3 ) flows from the large orifice at the bottom of the tank as shown. Assume that the flow is irrotational. Point B is at zero elevation, and point A is at 1 ft elevation. If V A...

Q:

solve Question 16 (4 points) In this lesson we discuss the difference between polar and nonpolar molecules, and how to use Lewis structures and geometry to determine the polarity. One, all, or none...

Q:

JSON is widely used in the context of NoSQL databases. What is its primary role?

Q:

Review Figure 11-3. For each of the formats, identify the elements that are data values and those that are labels describing the data.

Q:

Define each of the following terms: a. Data b. Information c. Metadata d. Enterprise resource planning e. Data warehouse f. Constraint g. Database h. Entity i. Database management system j....

Q:

3. How do we perceive high-frequency sounds (above 4000 Hz)?

Q:

15. What are the diff erences between the magnocellular and parvocellular systems?

Q:

11. When light strikes a receptor, does the receptor excite or inhibit the bipolar cells? What eff ect does it have on horizontal cells? What eff ect does the horizontal cell have on bipolar cells?