Contribution Margin
Molly Company sells 38,000 units at $47 per unit. Variable costs are $32.43 per unit, and fixed costs are $232,500.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 %
b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit
c. Operating income