In September, Blossom Industries sold 800 units of product. The average sales price was $35. During the month, fixed costs were $6,405 and variable costs were 75% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to 0 decimal places, e.g. 5,275, Other all answers to 2 decimal places, e.g. 52.75.) Contribution margin (in dollars) S Unit contribution margin Contribution margin ratio S

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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In September, Blossom Industries sold 800 units of product. The average sales price was $35. During the month, fixed costs were
$6,405 and variable costs were 75% of sales.
(a)
Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to 0 decimal places, e.g.
5,275. Other all answers to 2 decimal places. e.g. 52.75.)
Contribution margin (in dollars)
Unit contribution margin
Contribution margin ratio
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Transcribed Image Text:In September, Blossom Industries sold 800 units of product. The average sales price was $35. During the month, fixed costs were $6,405 and variable costs were 75% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to 0 decimal places, e.g. 5,275. Other all answers to 2 decimal places. e.g. 52.75.) Contribution margin (in dollars) Unit contribution margin Contribution margin ratio Save for Later $ $ Attempts: 0 of 1 used Submit Answer
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