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15 May, 02:28

Coultrap Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,000 units) $ 180,000 Variable expenses 117,000 Contribution margin 63,000 Fixed expenses 48,300 Net operating income $ 14,700 The contribution margin per unit is closest to:

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  1. 15 May, 06:24
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    35%

    Explanation:

    Calculation for thecontribution margin per unit

    Using this formula

    = Contribution margin / Sales

    Let plug in the formula

    Where,

    Contribution margin = $63,000

    Sales = $180,000

    Hence,

    Contribution margin per unit = $ 63,000 / $ 180,000

    Contribution margin per unit = 0.35 * 100

    Contribution margin per unit = 35

    Therefore the contribution margin per unit is closest to: 35%
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