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Question: X Company expects to produce and sell 69,500 units of its only product next year, and revenue is expected to be $2,296,280. The following are budgeted costs for next year:

Direct materials 295,375

Direct labor [all variable] 287,730

Variable overhead 278,000

Fixed overhead 195,295

Variable selling and administrative 373,215

Fixed selling and administrative 208,500

What is X Company's budgeted contribution margin per unit for next year [round unit numbers to the nearest cent]?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M93075639

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