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A manufacturer of potting soil has the following financial data: Pounds produced and sold 23,000 Sales $184,000 Less: Variable manufacturing costs 112,500 Fixed manufacturing costs 9,000 Variable selling and administrative costs 27,000 Fixed selling and administrative costs 13,500 Net operating income $22,000 (a) What is the company's per unit contribution margin? (Round answer to 2 decimal places, e.g. 1.64.) Per unit contribution margin $

A manufacturer of potting soil has the following financial data: Pounds produced and sold 23,000 Sales $184,000 Less: Variable manufacturing costs 112,500 Fixed manufacturing costs 9,000 Variable selling and administrative costs 27,000 Fixed selling and administrative costs 13,500 Net operating income $22,000 (a) What is the company's per unit contribution margin? (Round answer to 2 decimal places, e.g. 1.64.) Per unit contribution margin $

FINANCIAL ACCOUNTING
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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A manufacturer of potting soil has the following financial data: Pounds produced and sold 23,000 Sales $184,000 Less: Variable manufacturing costs 112,500 Fixed manufacturing costs 9,000 Variable selling and administrative costs 27,000 Fixed selling and administrative costs 13,500 Net operating income $22,000 (a) What is the company's per unit contribution margin? (Round answer to 2 decimal places, e.g. 1.64.) Per unit contribution margin $
Transcribed Image Text:A manufacturer of potting soil has the following financial data: Pounds produced and sold 23,000 Sales $184,000 Less: Variable manufacturing costs 112,500 Fixed manufacturing costs 9,000 Variable selling and administrative costs 27,000 Fixed selling and administrative costs 13,500 Net operating income $22,000 (a) What is the company's per unit contribution margin? (Round answer to 2 decimal places, e.g. 1.64.) Per unit contribution margin $
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