Harry Company sells 40,000 units at $33 per unit. Variable costs are $22.77 per unit, and...
Harry Company sells 40,000 units at $33 per unit. Variable costs are $22.77 per unit, and fixed costs are $241,400.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
| a. Contribution margin ratio (Enter as a whole number.) | % | |
| b. Unit contribution margin (Round to the nearest cent.) | $ | per unit |
| c. Income from operations | $ |
Homework Answers
Contribution margin=Sales-Variable cost
=(33-22.77)=$10.23 per unit
Contribution margin ratio=Contribution margin/Sales
=10.23/33=31%
Total Contribution margin=(10.23*40,000)=$409200
Less:Fixed cost=(241,400)
Income from operations=$167800
| Contribution margin ratio | 31% |
| Unit Contribution margin | $10.23 |
| Income from operations | $167800 |
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