Bluegill Company sells 15,700 units at $260 per unit. Fixed costs are $204,100, and operating income is $1,428,700. Determine the (a) variable cost per unit, (b) unit contribution margin, and (c) contribution margin ratio. Round the contribution margin ratio to two decimal places. a. Variable cost per unit b. Unit contribution margin c. Contribution margin ratio 156 104 per unit 40.00 %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bluegill Company sells 15,700 units at $260 per unit. Fixed costs are $204,100, and operating income is $1,428,700. Determine the (a) variable
cost per unit, (b) unit contribution margin, and (c) contribution margin ratio. Round the contribution margin ratio to two decimal places.
a. Variable cost per unit
b. Unit contribution margin
c. Contribution margin ratio
156
104 per unit
40.00 %
Transcribed Image Text:Bluegill Company sells 15,700 units at $260 per unit. Fixed costs are $204,100, and operating income is $1,428,700. Determine the (a) variable cost per unit, (b) unit contribution margin, and (c) contribution margin ratio. Round the contribution margin ratio to two decimal places. a. Variable cost per unit b. Unit contribution margin c. Contribution margin ratio 156 104 per unit 40.00 %
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