FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Ivanhoe Company manufactures and sells two products. Relevant per-unit data concerning each product follow:
Selling price
Variable costs
Machine hours
Product
Basic
$45.00
$23.00
0.50
Deluxe
$56.00
$26.60
0.70
Calculate the contribution margin per machine hour for each product.
Contribution margin per machine hour
$
Basic
$
Deluxe
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Transcribed Image Text:Ivanhoe Company manufactures and sells two products. Relevant per-unit data concerning each product follow: Selling price Variable costs Machine hours Product Basic $45.00 $23.00 0.50 Deluxe $56.00 $26.60 0.70 Calculate the contribution margin per machine hour for each product. Contribution margin per machine hour $ Basic $ Deluxe
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