(Answered) Question - coultrap corporation has provided the following

Accounting

Question - Coultrap Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.

Sales (3,000 units) $180,000

Variable expenses 117,000

Contribution margin 63,000

Fixed expenses 48,300

Net operating income $14,700

What is the contribution margin per unit? What is the contribution margin ratio? What is the variable expense ratio? Please explain.

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