Determine the following requirements a, b and c on this general accounting question Greenfield Tech sells 40,000 units at $30 per unit. Variable costs are$18 per unit, and fixed costs are $120,000. Determine:(a) The contribution margin ratio(b) The unit contribution margin(c) Income from operations

Step 1: Define Unit Contribution MarginUnit Contribution Margin is the amount by which the selling…

Answered: Greenfield Tech sells 40,000 units at…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4EA: A product has a sales price of $250 and a per-unit contribution margin of $75. What is the...

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A product has a sales price of $250 and a per-unit contribution margin of $75. What is the contribution margin ratio?
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Harry Company sells 30,000 units at $25 per unit. Variable costs are $20.50 per unit, and fixed costs are $52,000. Determine the following: a. The contribution margin ratio b. The unit contribution margin c. The income from operations
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Greenfield Tech sells 40,000 units at $30 per unit. Variable costs are $18 per unit, and fixed costs are $120,000. Determine: (a) The contribution margin ratio (b) The unit contribution margin (c) Income from operations