Red Hawk Enterprises sells handmade clocks. Its variable cost per clock is $4.80, and each clock...
Red Hawk Enterprises sells handmade clocks. Its variable cost per clock is $4.80, and each clock sells for $16.00.
Calculate Red Hawk's unit contribution margin.
Calculate Red Hawk's contribution margin ratio.
Suppose Red Hawk sells 1,700 clocks this year. Calculate the total contribution margin.
Homework Answers
Contribution margin=Sales-Variable cost
=(16-4.8)=$11.2 per unit
Contribution margin ratio=Contribution margin/Sales
=(11.2/16)=70%(or 0.7)
Total contribution margin would be =($11.2/unit*1700 clocks)
=$19040
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Red Hawk Enterprises sells handmade clocks. Its variable cost
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