he following information for the past year for the Magic Corporation has been provided: Fixed costs: Manufacturing Marketing Administrative Jariable costs: Manufacturing Marketing $150.000 24,000 18,000 $118,000 24,000 Administrative 36,000 During the year, the company produced and sold 70,000 units of product at a selling price of $19.34 per unit. There was no beginning inventory of product at the beginning of the year. Vhat is the contribution margin per unit for the company? (Round any intermediary calculations and your final answer to the nearest cent.) DA. $16.8 ОВ. $2.54 ОС. 55.29 O D. $16.6

he following information for the past year for the Magic Corporation has been provided: Fixed costs: Manufacturing Marketing Administrative Jariable costs: Manufacturing Marketing $150.000 24,000 18,000 $118,000 24,000 Administrative 36,000 During the year, the company produced and sold 70,000 units of product at a selling price of $19.34 per unit. There was no beginning inventory of product at the beginning of the year. Vhat is the contribution margin per unit for the company? (Round any intermediary calculations and your final answer to the nearest cent.) DA. $16.8 ОВ. $2.54 ОС. 55.29 O D. $16.6

Name: The following information for the past year for the Magic Corporation
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Description: The following information for the past year for the Magic Corporation has been provided:Fixed costs:ManufacturingMarketing$150,00024,000Administrative18,000Variable costs:ManufacturingMarketingAdministrative$118,00024,00036,000During the year, the c

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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