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Willie Company sells 36,000 units at $22 per unit. Variable costs are $14.52 per unit, and fixed costs are $140,000. 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.) c. Operating income % per unit

Willie Company sells 36,000 units at $22 per unit. Variable costs are $14.52 per unit, and fixed costs are $140,000. 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.) c. Operating income % per unit

FINANCIAL ACCOUNTING
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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Contribution Margin Willie Company sells 36,000 units at $22 per unit. Variable costs are $14.52 per unit, and fixed costs are $140,000. 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.) c. Operating income $ % per unit
Transcribed Image Text:Contribution Margin Willie Company sells 36,000 units at $22 per unit. Variable costs are $14.52 per unit, and fixed costs are $140,000. 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.) c. Operating income $ % per unit
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