Please do not give solution in image format thanku 6Sandman Company makes 2 products, sleep masks and sleep socks. Additional information follows:UnitsSalesVariable costsFixed costsNet incomeProfit per unitSleep MasksCompute the Contribution margin per unit. (Round answers to 2 decimal places, eg 15.25)Contribution margin per unit$Sleep Masks4.000$60,00036,0009,000$15,000$3.75Sleep Socks $Sleep Socks2.500$25,0007,0009,000$9.000$3.60

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Description: Please do not give solution in image format thanku 6Sandman Company makes 2 products, sleep masks and sleep socks. Additional information follows:UnitsSalesVariable costsFixed costsNet incomeProfit per unitSleep MasksCompute the Contribution margin p

Contribution margin per unit:A crucial concept in managerial accounting and cost-volume-profit…

Business

Accounting

Sandman Company makes 2 products, sleep masks and sleep socks. Additional information follows: Sleep Socks Units Sales Variable costs Fixed costs Net income Profit per unit Sleep Masks Sleep Socks Sleep Masks 4,000 $60,000 36,000 9,000 $ $15,000 $3.75 2.500 Compute the Contribution margin per unit. (Round answers to 2 decimal places, eg 15.25) $25,000 7,000 9,000 $9.000 $3.60 Contribution margin per unit

Sandman Company makes 2 products, sleep masks and sleep socks. Additional information follows: Sleep Socks Units Sales Variable costs Fixed costs Net income Profit per unit Sleep Masks Sleep Socks Sleep Masks 4,000 $60,000 36,000 9,000 $ $15,000 $3.75 2.500 Compute the Contribution margin per unit. (Round answers to 2 decimal places, eg 15.25) $25,000 7,000 9,000 $9.000 $3.60 Contribution margin per unit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $80; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $96,000. What is the contribution margin percentage? Finisk a. 47.5% O b. 52.5% O c. 70% ype here to search & 7. V 3 5. 8. W. R Y. G H. V M alt ctri alt 立

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