A manufacturer of potting soil has the following financial data: Pounds produced and sold 31,000 Sales $248,000 Less: Variable manufacturing costs 157,500 Fixed manufacturing costs 12,600 Variable selling and administrative costs 37,800 Fixed selling and administrative costs 18,900 Net operating income $21,200 (a) What is the company's per unit contribution margin? (Round answer to 2 decimal places, e.g. 1.64.) Per unit contribution margin $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A manufacturer of potting soil has the following financial data:
Pounds produced and sold
31,000
Sales
$248,000
Less: Variable manufacturing costs
157,500
Fixed manufacturing costs
12,600
Variable selling and administrative costs
37,800
Fixed selling and administrative costs
18,900
Net operating income
$21,200
(a)
What is the company's per unit contribution margin? (Round answer to 2 decimal places, e.g. 1.64.)
Per unit contribution margin $
Transcribed Image Text:A manufacturer of potting soil has the following financial data: Pounds produced and sold 31,000 Sales $248,000 Less: Variable manufacturing costs 157,500 Fixed manufacturing costs 12,600 Variable selling and administrative costs 37,800 Fixed selling and administrative costs 18,900 Net operating income $21,200 (a) What is the company's per unit contribution margin? (Round answer to 2 decimal places, e.g. 1.64.) Per unit contribution margin $
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