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Contribution Margin Harry Company sells 28,000 units at $23 per unit. Variable costs are $19.32 per unit, and fixed costs are

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Answer #1

Contribution margin=Sales-Variable cost  

=(23-19.32)=$3.68 per unit

Contribution margin ratio=Contribution margin/Sales

=(3.68/23)=16%

Total contribution margin=(3.68*28000)=$103040

Less:Fixed expenses=47400

Income from operations=55640

Contribution margin ratio 16%
Unit Contribution margin $3.68 per unit
Income from operations $55640
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