14 A company reports the following about a potential new product. Selling price Variable costs $ 86 per unit $25.80 per unit $784,000 Total fixed costs Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the contribution margin ratio. Note: Round answers to 2 decimals. Contribution margin Numerator: 1 1 Denominator: Required A ‒‒‒ = Contribution Margin Ratio Contribution margin ratio Required B

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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14
A company reports the following about a potential new product.
Selling price
Variable costs
$ 86 per unit
$ 25.80 per unit
$ 784,000
Total fixed costs
Complete this question by entering your answers in the tabs below.
Required A Required B Required C
Calculate the contribution margin ratio.
Note: Round answers to 2 decimals.
Contribution margin
Numerator:
1
Denominator:
Required A
=
Contribution Margin Ratio
Contribution margin ratio
Required B
>
Transcribed Image Text:14 A company reports the following about a potential new product. Selling price Variable costs $ 86 per unit $ 25.80 per unit $ 784,000 Total fixed costs Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the contribution margin ratio. Note: Round answers to 2 decimals. Contribution margin Numerator: 1 Denominator: Required A = Contribution Margin Ratio Contribution margin ratio Required B >
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