A B. Number of units 1,510 units 14,390 units 2,450 units Sale price per unit 1,600 %$4 4,400 2$ 5,000 Variable costs per unit 1,120 088 3,750 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Print Done

A B. Number of units 1,510 units 14,390 units 2,450 units Sale price per unit 1,600 %$4 4,400 2$ 5,000 Variable costs per unit 1,120 088 3,750 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Print Done

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

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Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio:
E (Click the icon to view the table.)
Compute the missing information, starting with scenario A, then for scenarios B and C. (Enter the contribution margin ratio to nearest percent, X%.)
A
Number of units
1,510 units
Sale price per unit
$
1,600
Variable costs per unit
1, 120
Calculate:
Contribution margin per unit
Total contribution margin
Contribution margin ratio
Data Table
A
Number of units
1,510 units
14,390 units
2,450 units
Sale price per unit
1,600
$
4.400
5,000
Variable costs per unit
1,120
880
3,750
Calculate:
Contribution margin per unit
Total contribution margin
Contribution margin ratio
Print
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