Red Hawk Enterprises sells handmade clocks. It\'s variable cost per clock is $6.

Question

Red Hawk Enterprises sells handmade clocks. It's variable cost per clock is $6.20. Each clock sells for $16.

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Explanation / Answer

a) Contribution margin per unit :

b) Contribution margin ratio :

Calculate total contribution margin :

Sales price per unit - Variable cost per unit = unit contribution margin 16 - 6.20 = 9.80

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