Question

Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio $700

A brief explanation would be appreciated! Thank you!

0 0
Add a comment Improve this question Transcribed image text
Answer #1
Unit selling price Unit variable cost Unit contribution margin Contribution margin ratio
1. $700 280

420

60%
2. 300 150 150 50%
3. 1700 1020 680 40‰

1. Unit contribution margin = 700-280 = $420

Contribution margin ratio = 420/700 = 60%

2. Variable cost = 300-150 = 150

Variable cost = 1700-680 = 1020

Contribution margin ratio = 150/300 = 50%

3. Sales = 680/0.40 = 1700

Add a comment
Know the answer?
Add Answer to:
A brief explanation would be appreciated! Thank you! Determine the missing amounts. Unit Selling Price Unit...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT