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Contribution Margin by Segment The following information is for Elm Leaf Apparel: Line Item Description East West Sales volume (units): Product Alpha Product Omega Sales price: Product Alpha Product Omega Variable cost per unit: Product Alpha $6 Product Omega $8 9,300 10,000 5,200 10,400 $10 $11 $13 $11 $6 $8 a. Determine the contribution margin for the East Region and West Region. East Region: fill in the blank 1 of 2$ West Region: fill in the blank 2 of 2$ b. Determine the contribution margin ratio for the East Region and West Region. Round the contribution margin ratio to one-tenth of a percent. East Region: fill in the blank 1 of 2% West Region: fill in the blank 2 of 2%

Contribution Margin by Segment The following information is for Elm Leaf Apparel: Line Item Description East West Sales volume (units): Product Alpha Product Omega Sales price: Product Alpha Product Omega Variable cost per unit: Product Alpha $6 Product Omega $8 9,300 10,000 5,200 10,400 $10 $11 $13 $11 $6 $8 a. Determine the contribution margin for the East Region and West Region. East Region: fill in the blank 1 of 2$ West Region: fill in the blank 2 of 2$ b. Determine the contribution margin ratio for the East Region and West Region. Round the contribution margin ratio to one-tenth of a percent. East Region: fill in the blank 1 of 2% West Region: fill in the blank 2 of 2%

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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Contribution Margin by Segment The following information is for Elm Leaf Apparel: Line Item Description East West Sales volume (units): Product Alpha Product Omega Sales price: Product Alpha 9,300 10,000 5,200 10,400 $10 $11 $13 $11 Product Omega Variable cost per unit: Product Alpha $6 Product Omega $8 $6 $8 a. Determine the contribution margin for the East Region and West Region. East Region: fill in the blank 1 of 2$ West Region: fill in the blank 2 of 2$ b. Determine the contribution margin ratio for the East Region and West Region. Round the contribution margin ratio to one-tenth of a percent. East Region: fill in the blank 1 of 2% West Region: fill in the blank 2 of 2%
Transcribed Image Text:Contribution Margin by Segment The following information is for Elm Leaf Apparel: Line Item Description East West Sales volume (units): Product Alpha Product Omega Sales price: Product Alpha 9,300 10,000 5,200 10,400 $10 $11 $13 $11 Product Omega Variable cost per unit: Product Alpha $6 Product Omega $8 $6 $8 a. Determine the contribution margin for the East Region and West Region. East Region: fill in the blank 1 of 2$ West Region: fill in the blank 2 of 2$ b. Determine the contribution margin ratio for the East Region and West Region. Round the contribution margin ratio to one-tenth of a percent. East Region: fill in the blank 1 of 2% West Region: fill in the blank 2 of 2%
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