1. Consider the following scenario: A company sells 11,000 units of a product this year resulting in $302,000 in sales revenue. If the company has $175,000 in variable expenses, and $85,000 in Fixed expenses, what is the contribution margin per unit?
2. Consider the same scenario for ACME corporation, in which they have reported the following financial information for a given year. Determine the combined marginal tax rate. Enter your answer as a percentage (i.e if your answer is 3.4% enter 3.4)
Gross revenue 1488000
COGS 766000
Operating Expenses 148800
Federal Taxes 83040
State taxes 45702