Crane's Bike Shop has the following income statement. Sales ($150 per unit) Less: Cost of Goods sold ($96 per unit) Gross margin Less: Operating costs Salaries Advertising Shipping ($6 per unit) Operating income $24.960 Contribution margin per unit $ 12,480 6,240 $156,000 99,840 56,160 43,680 $12,480 Calculate the contribution margin per unit. (Round answers to O decimal places, e.g. 25.)
Crane's Bike Shop has the following income statement. Sales ($150 per unit) Less: Cost of Goods sold ($96 per unit) Gross margin Less: Operating costs Salaries Advertising Shipping ($6 per unit) Operating income $24.960 Contribution margin per unit $ 12,480 6,240 $156,000 99,840 56,160 43,680 $12,480 Calculate the contribution margin per unit. (Round answers to O decimal places, e.g. 25.)
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 2PA: A company manufactures and sells racing bicycles to specialty retailers. The Bomber model sells for...
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