Horizon Dynamics Ltd. sold 4,500 units in November at a sales price of $50 per unit. The variable cost is $30 per unit. Calculate the total contribution margin, contribution margin per unit, and contribution margin percentage.
Horizon Dynamics Ltd. sold 4,500 units in November at a sales price of $50 per unit. The variable cost is $30 per unit. Calculate the total contribution margin, contribution margin per unit, and contribution margin percentage.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Horizon Dynamics Ltd. sold 4,500 units in November at a
sales price of $50 per unit. The variable cost is $30 per
unit. Calculate the total contribution margin,
contribution margin per unit, and contribution margin
percentage.
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