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Bluegill Company sells 10,500 units at $420 per unit. Fixed costs are $220,500, and income from operations is $1,984,500. Determine the following: a. Variable cost per unit b. Unit contribution margin c. Contribution margin ratio per unit %

Bluegill Company sells 10,500 units at $420 per unit. Fixed costs are $220,500, and income from operations is $1,984,500. Determine the following: a. Variable cost per unit b. Unit contribution margin c. Contribution margin ratio per unit %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bluegill Company sells 10,500 units at $420 per unit. Fixed costs are $220,500, and income from operations is $1,984,500. Determine the following: a. Variable cost per unit b. Unit contribution margin c. Contribution margin ratio $ per unit %
Transcribed Image Text:Bluegill Company sells 10,500 units at $420 per unit. Fixed costs are $220,500, and income from operations is $1,984,500. Determine the following: a. Variable cost per unit b. Unit contribution margin c. Contribution margin ratio $ per unit %
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