Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution margin ratio and the unit contribution margin, respectively, are a. 53% and $7 per unit b. 47% and $11 per unit c. 47% and $8 per unit d. 52% and $11 per unit

Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution margin ratio and the unit contribution margin, respectively, are a. 53% and $7 per unit b. 47% and $11 per unit c. 47% and $8 per unit d. 52% and $11 per unit

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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Question

100%

Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution margin ratio and the unit contribution margin, respectively, are

a.
53% and $7 per unit

b.
47% and $11 per unit

c.
47% and $8 per unit

d.
52% and $11 per unit

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