Penny Company sells 25,000 units at $59 per unit. Variable costs are $29 per unit, and loss from operations is $(50,000). Determine:
(a) unit contribution margin
(b) contribution margin ratio
(c) fixed costs per unit at production of 25,000 units.

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:
(a) unit contribution margin 
(b) contribution margin ratio
(c) fixed costs per unit at production of 25,000 units.

Quizplus · Accepted Answer

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:
(a) unit contribution margin 
(b) contribution margin ratio
(c) fixed costs per unit at production of 25,000 units.

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