Chapter 17, Problem 17.1P

Below is information for Blue Company.  Using this information, answer the following questions on the "Calculation" tab in the file.  Show your work (how you got your answer) and format appropriately.                   Blue company has prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 to 1,500 units):                    Sales  $              40,000               Variable expenses                   24,000               Contribution margin                   16,000     NOTE:  Use the amounts in the original fact pattern to the left as your basis for the questions below.  Fixed expenses                   12,000               Net operating income  $                 4,000                                 Questions:                                    1.  What is the contribution margin per unit?             2.  What is the contribution margin ratio?               3.  What is…

I am looking for help with this financial accounting question using proper accounting standards.

General accounting