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Harry Company sells 21,000 units at $38 per unit. Variable costs are $29.64 per unit, and fixed costs are $100,100. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. Line Item Description a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) c. Operating income Answer fill in the blank 1 % $fill in the blank 2 per unit $fill in the blank 3

Harry Company sells 21,000 units at $38 per unit. Variable costs are $29.64 per unit, and fixed costs are $100,100. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. Line Item Description a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) c. Operating income Answer fill in the blank 1 % $fill in the blank 2 per unit $fill in the blank 3

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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Harry Company sells 21,000 units at $38 per unit. Variable costs are $29.64 per unit, and fixed costs are $100,100. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. Line Item Description a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) c. Operating income Answer fill in the blank 1 % $fill in the blank 2 per unit $fill in the blank 3
Transcribed Image Text:Harry Company sells 21,000 units at $38 per unit. Variable costs are $29.64 per unit, and fixed costs are $100,100. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. Line Item Description a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) c. Operating income Answer fill in the blank 1 % $fill in the blank 2 per unit $fill in the blank 3
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