The contribution margin ratio
Bailey Company sells 25,424 units at $15.00 per unit. Variable costs are $8.00 per unit, and fixed costs are $8.00. The contribution margin ratio and the unit contribution margin, (rounding to two decimal points) are:?
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Charles Austin of the controller's office of Thompson Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 20013.
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O'Neill Co. has $296,467 in accounts receivable on January 1. Budgeted sales for January are $835,975. O'Neill expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account.
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Wenner Furnace Corp. purchased machinery for $421,290 on May 1, 2012. It is estimated that it will have a useful life of 10 years, salvage value of $22,650, production of 362,400 units, and working hours of 25,000.
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