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Bluegill Company sells 16,900 units at $100 per unit. Fixed costs are $84,500, and income from operations is $929,500. Determine the following: Round the contribution margin ratio to two decimal places. a.  Variable cost per unit $fill in the blank 1   b.  Unit contribution margin $fill in the blank 2 per unit c.  Contribution margin ratio fill in the blank 3 %

Bluegill Company sells 16,900 units at $100 per unit. Fixed costs are $84,500, and income from operations is $929,500. Determine the following: Round the contribution margin ratio to two decimal places. a.  Variable cost per unit $fill in the blank 1   b.  Unit contribution margin $fill in the blank 2 per unit c.  Contribution margin ratio fill in the blank 3 %

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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Bluegill Company sells 16,900 units at $100 per unit. Fixed costs are $84,500, and income from operations is $929,500. Determine the following: Round the contribution margin ratio to two decimal places.

a.  Variable cost per unit $fill in the blank 1  
b.  Unit contribution margin $fill in the blank 2 per unit
c.  Contribution margin ratio fill in the blank 3 %
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