%24 %24 In September, Oriole Industries sold 810 units of product. The average sales price was $35. During the month, fixed costs were $6,804 and variable costs were 60% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to O decimal places, e.g. 5,275, Other all answers to 2 decimal places, e.g. 52.75.) Contribution margin (in dollars) Unit contribution margin Contribution margin ratio e Textbook and Media Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
%24 %24 In September, Oriole Industries sold 810 units of product. The average sales price was $35. During the month, fixed costs were $6,804 and variable costs were 60% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to O decimal places, e.g. 5,275, Other all answers to 2 decimal places, e.g. 52.75.) Contribution margin (in dollars) Unit contribution margin Contribution margin ratio e Textbook and Media Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Unit VI question 5
Transcribed Image Text:%24
%24
In September, Oriole Industries sold 810 units of product. The average sales price was $35. During the month, fixed costs were $6,804
and variable costs were 60% of sales.
(a)
Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to O decimal places, e.g. 5,275,
Other all answers to 2 decimal places, e.g. 52.75.)
Contribution margin (in dollars)
Unit contribution margin
Contribution margin ratio
e Textbook and Media
Attempts: 0 of 3 used
Submit Answer
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
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