Essay
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 (a) unit contribution margin (b) contribution margin ratio, and (c) fixed costs per unit at production of 25,000 units. If required, round to two decimal places.
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a. $59 - $29 = $30 p...View Answer
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