Question
Penny Company sells 25,000 units at $59 per unit. Variable costs are $29 per unit, and loss from operations is ($50,000).
Determine the following: Round the contribution margin ratio to one decimal place.
a. Unit contribution margin
per unit
b. Contribution margin ratio
c. Fixed costs per unit at production of 25,000 units
%$4
per unit
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Transcribed Image Text

Penny Company sells 25,000 units at $59 per unit. Variable costs are $29 per unit, and loss from operations is ($50,000). Determine the following: Round the contribution margin ratio to one decimal place. a. Unit contribution margin per unit b. Contribution margin ratio c. Fixed costs per unit at production of 25,000 units %$4 per unit

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