Bluegill Company sells 11,000 units at $120 per unit. Fixed costs are $66,000, and operating income...

Question

Question

Bluegill Company sells 11,000 units at $120 per unit. Fixed costs are $66,000, and operating income is $726,000. Determine th

Answer 1

Answer #1

Let variable cost per unit be x

(Contribution margin per unit*units sold)-Fixed cost = Operating income

[(120-x)*11,000] - 66,000 = 726,000

120-x = (726,000+66,000)/11,000 = 72

x = 48

Answer 2

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