Question: What is the unit contribution margin to the nearest cent? And the operating income? I got 30,600 which was wrong. Contribution margin Sally Company sells
What is the unit contribution margin to the nearest cent? And the operating income? I got 30,600 which was wrong.
Contribution margin Sally Company sells 19,000 units at $10 per unit. Variable costs are $7.10 per unit, and fixed costs are $26,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent. ) X per unit c. Operating income X Feedback Check My Work a. Unit contribution margin divided by unit sales price equals contribution margin ratio. V b. Unit sales price minus unit variable costs equals unit contribution margin. c. Contribution margin minus fixed costs equals income from operations
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