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2. Sooner Industries charges a price of $86 and has fixed cost of $491,500. Next year,...

2. Sooner Industries charges a price of $86 and has fixed cost of $491,500. Next year, Sooner expects to sell 12,600 units and make operating income of $196,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places.

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Answer #1

Sale price Pred cost $86 $491,500 12,600 units $196,000 Sale Units opertling Phopit oferating pia fit = Sale (Revenu) a sidemsbution Margin 2 Total Revemua (Variable cost To tal Rauenu $1083600 L $ 396l00 los3600 0.634 459 or 63.45

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