Elon Company sells 6,000 units at $80 per unit. Variable costs are $50 per unit,...
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Accounting
Elon Company sells 6,000 units at $80 per unit. Variable costs are $50 per unit, and fixed costs are $50,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
a. Contribution margin ratio (Round to one decimal place.) ____ %
b. Unit contribution margin ____ per unit
c. Income from operations ____
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