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Contribution Margin Lanning Company sells 160,000 units at $45 per unit. Variable costs are $27 per unit, and fixed costs are $975,000. Determine (a) the contribution margin ratio, (b) the unit cont

Contribution Margin

Lanning Company sells 160,000 units at $45 per unit. Variable costs are $27 per unit, and fixed costs are $975,000.

Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.

a.  Contribution margin ratio   %
b.  Unit contribution margin $ per unit
c.  Income from operations $

Sep 08 2020 View more View Less

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