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.

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  (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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The Answer of 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.

Penny Company Sells 25,000 Units at $59 Per Unit