Zeke Company sells 25,200 units at $17 per unit. Variable costs are $7 per unit, and fixed costs are $35,200. The contribution margin ratio and the unitcontribution margin, respectively, area. 59% and $10 per unitb. 1% and $17 per unitC. 59% and $17 per unitd. 1% and $7per unit

Compute the contribution margin ratio.

Answered: Zeke Company sells 25,200 units at $17…

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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Zeke Company sells 25,200 units at $17 per unit. Variable costs are $7 per unit, and fixed costs are $35,200. The contribution margin ratio and the unit contribution margin, respectively, are a. 59% and $10 per unit b. 1% and $17 per unit C. 59% and $17 per unit d. 1% and $7per unit