Molly Company sells 30,000 units at $43 per unit. Variable costs are $26.66 per unit, and fixed costs are $289,200. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) per unit c. Operating income $

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Molly Company sells 30,000 units at $43 per unit. Variable costs are $26.66 per unit, and fixed costs are $289,200.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
a. Contribution margin ratio (Enter as a whole number.)
%
b. Unit contribution margin (Round to the nearest cent.)
per unit
c. Operating income
Transcribed Image Text:Molly Company sells 30,000 units at $43 per unit. Variable costs are $26.66 per unit, and fixed costs are $289,200. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) per unit c. Operating income
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