What is the unit contribution margin
Bailey Company sells 24,120 units at $15.00 per unit. Variable costs are $8.00 per unit, and fixed costs are $8.00. The contribution margin ratio and the unit contribution margin?
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Question: For the Minkowski plane, dM(AB) = |x2 - x1|+ |y2 - y1|. Proposition 2.2 states that if A(x1,y1) and B(x2,y2) are on the line y = mx + b, then dM(AB) = |x1 - x2|(1+|m|) . Prove that the two are equivalent.
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If sales are $880,469, variable costs are $401,496, and operating income is $223,923, what is the contributing margin ratio?
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