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Harry Company sells 20,000 units at $17 per unit. Variable costs are $10.54 per unit,...

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Accounting

Harry Company sells 20,000 units at $17 per unit. Variable costs are $10.54 per unit, and fixed costs are $67,200.

Determine (a) the contribution margin ratio,

(b) the unit contribution margin, and

(c) operating income.

a. Contribution margin ratio (Enter as a whole number.) 38%

b. Unit contribution margin (Round to the nearest cent.) $6.46 per unit

c. Operating income $ _________

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