how can I calculate the unit sales price and the unit contribution margin if I am given only the fixed costs(660,000), variable cost(24 per unit), and contribution margin ratio (40%)?
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how can I calculate the unit sales price and the unit contribution margin if I am given only the fixed costs(660,000), variable cost(24 per unit), and contribution margin ratio (40%)?
sales price=variable+contribution margin. Variable percentage must be 60% of sales price. 24/60%=$40
How do I calculate selling unit price if I have the unit variable cost, total units sold, total contribution margin and total fixed price
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