Answer:
Unit Sales Price |
Unit Variable Costs |
Unit Contribution Margin |
Contribution Margin Ratio |
Calculations |
$22.00 | $10.00 | $12.00 | 54.55% | Unit
contribution margin = $22-$10=$12; Contribution margin ratio = ($12 ÷ $22) x 100 = 54.55% |
$34.00 | $10.00 | $24.00 | 70.59% | Unit
sales price = $10+$24 = $34; Contribution margin = ($24 ÷ $34) x 100 = 70.59% |
$50.00 | $37.50 | $12.50 | 25% | Unit
contribution margin = $50 x 25% = $12.50 Unit Variable cost = $50 - $12.50 = $37.50 |
Formulas used:
Unit contribution margin = Unit sales price - Unit variable costs
Unit contribution margin = Unit sales price x Contribution margin ratio
Contribution margin ratio = (Unit contribution margin ÷ Unit sales price) x 100%
Determine the missing amounts in the following table: (Round your percentage answers to the nearest whole...
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