Wind Bicycle company sold 500 bikes in december 2003. The selling price was $500 per...
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Wind Bicycle company sold 500 bikes in december 2003. The selling price was $500 per unit, the variable expenses were #300 per unit. Wind incurred a total of $80000 fixed expenses for the month What is the income, contribution margin, unit contribution margin, and contribution margin ratio? I got Income-20,000 Contribution Margin- 100,000 Unit Contribution Margin- 200 and Contribution margin ratio- 40% Let me know if this is correct
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