a company manufactures two types of products. Product 1 and Product 2. The data given...
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Accounting
a company manufactures two types of products. Product 1 and Product 2. The data given below is for Product 1.
Variable manufacturing cost $120
Variable operating cost $30
Sale price for product 1 $200
The company monthly fixed expenses amount to $200,000. Out of 10 products sold by the company 7 are from product 1 and 3 from product 2. When the company sells 2000 products, they generate an operating income of $50,000. Calculate the contribution margin per product for both products.
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