Stratford Company distributes a lightweight lawn chair that sells for $30 per unit. Variable expenses are 40% of saexpenses total $526,500 annuallyRequired:Answer the following independent questions:1. What is the product's CM per unit?Contribution margin per unit

Contribution in variable costing is the amount which is determined by the entity by deducting the…

Answered: Stratford Company distributes a…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 20E

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Johnson Company manufactures and sells a single product. The company's sales and expenses for last year follow: E(Click the icon to view the information.) X Data Table Read the requirements Requirement 1. Fill in the missing numbers in the table. Use the following questions to help fill in the missing numbers in the table: Total Per Unit % a. What is the total contribution margin? $ 81,250 $ Sales 25 ? The total contribution margin is $ ? Variable expenses Contribution.margin. 13,000 Fixed expenses $ 19,500 Operating income Done Print
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Stratford Company distributes a lightweight lawn chair that sells for $30 per unit. Variable expenses are 40% of sa expenses total $526,500 annually. Required: Answer the following independent questions: 1. What is the product's CM per unit? Contribution margin per unit