HomeworkLib
Question

Sally Company sells 29,000 units at $31 per unit. Variable costs are $20.15 per unit, and fixed costs are $132,200.

Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) C. Income fr

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1
Units Per unit Total % of sales
Sales 29,000.00 31 8,99,000.00 100%
Variable cost 29,000.00 20.15 5,84,350.00 65%
Contribution 29,000.00 10.85 3,14,650.00 35% (Contribution Margin ratio)
Fixed cost 1,32,000.00
Income from Operations 1,82,650.00
0 0
Add a comment
Know the answer?
Add Answer to:
Sally Company sells 29,000 units at $31 per unit. Variable costs are $20.15 per unit, and...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

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

  • Contribution Margin Sally Company sells 30,000 units at $49 per unit. Variable costs are $29.40 per...

    Contribution Margin Sally Company sells 30,000 units at $49 per unit. Variable costs are $29.40 per unit, and fixed costs are $341,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) per unit c. Income from operations

  • Willie Company sells 32,000 units at $22 per unit. Variable costs are $13.86 per unit, and...

    Willie Company sells 32,000 units at $22 per unit. Variable costs are $13.86 per unit, and fixed costs are $153,700. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Income from operations $

  • Harry Company sells 40,000 units at $33 per unit. Variable costs are $22.77 per unit, and...

    Harry Company sells 40,000 units at $33 per unit. Variable costs are $22.77 per unit, and fixed costs are $241,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Income from operations $

  • Willie Company sells 32,000 units at $25 per unit. Variable costs are $14.25 per unit, and...

    Willie Company sells 32,000 units at $25 per unit. Variable costs are $14.25 per unit, and fixed costs are $175,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Income from operations

  • Willie Company sells 33,000 units at $40 per unit. Variable costs are $24.4 per unit, and...

    Willie Company sells 33,000 units at $40 per unit. Variable costs are $24.4 per unit, and fixed costs are $257,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Income from operations $

  • Contribution Margin Harry Company sells 21,000 units at $50 per unit. Variable costs are $33.50 per...

    Contribution Margin Harry Company sells 21,000 units at $50 per unit. Variable costs are $33.50 per unit, and fixed costs are $142,100. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Income from operations

  • Contribution Margin Willie Company sells 15,000 units at $21 per unit. Variable costs are $14.28 per...

    Contribution Margin Willie Company sells 15,000 units at $21 per unit. Variable costs are $14.28 per unit, and fixed costs are $54,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Income from operations $

  • Contribution Margin United Merchants Company sells 19,000 units at $49 per unit. Variable costs are $41.65 per unit, an...

    Contribution Margin United Merchants Company sells 19,000 units at $49 per unit. Variable costs are $41.65 per unit, and fixed costs are $60,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) per unit c. Income from operations

  • Contribution Margin Harry Company sells 31,000 units at $22 per unit. Variable costs are $12.76 per...

    Contribution Margin Harry Company sells 31,000 units at $22 per unit. Variable costs are $12.76 per unit, and fixed costs are $131,800 Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) c. Income from operations 0 per unit

  • Contribution Margin Molly Company sells 32,000 units at $25 per unit. Variable costs are $14.00 per...

    Contribution Margin Molly Company sells 32,000 units at $25 per unit. Variable costs are $14.00 per unit, and fixed costs are $130,200. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) X % b. Unit contribution margin (Round to the nearest cent.) per unit C. Income from operations . Feedback

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