PB1.
LO 3.1A company sells mulch by the cubic yard. Grade A much sells for $150 per cubic yard and has variable costs of $65 per cubic yard. The company has fixed expenses of $15,000 per month. In August, the company sold 240 cubic yards of Grade A mulch.
Calculate the contribution margin per unit for Grade A mulch.
Calculate the contribution margin ratio of the Grade A mulch.
Prepare a contribution margin income statement for the month of August.
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