Questions: A company has a unit contribution margin of 220 and a contribution margin ratio of 50%. What is the unit selling price? 440. 293. 110. Cannot be determined from the information provided.

A company has a unit contribution margin of 220 and a contribution margin ratio of 50%. What is the unit selling price? 440. 293. 110. Cannot be determined from the information provided.
Transcript text: A company has a unit contribution margin of $\$ 220$ and a contribution margin ratio of $50 \%$. What is the unit selling price? \$440. \$293. \$110. Cannot be determined from the information provided.
failed

Solution

failed
failed

Solution Steps

Step 1: Understand the given information

The unit contribution margin is \( \$220 \), and the contribution margin ratio is \( 50\% \).

Step 2: Recall the formula for the contribution margin ratio

The contribution margin ratio is calculated as: \[ \text{Contribution Margin Ratio} = \frac{\text{Unit Contribution Margin}}{\text{Unit Selling Price}} \]

Step 3: Solve for the unit selling price

Rearrange the formula to solve for the unit selling price: \[ \text{Unit Selling Price} = \frac{\text{Unit Contribution Margin}}{\text{Contribution Margin Ratio}} \] Substitute the given values: \[ \text{Unit Selling Price} = \frac{220}{0.50} = 440 \]

The unit selling price is \( \$440 \).

Final Answer

\(\boxed{440}\)

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
When did slavery and the transatlantic slave trade end? (1 point) eighteenth century nineteenth century fifteenth century twentieth century
failedAnswered
Listed below in order are prices in dollars for a Big Mac hamburger in the United States, Canada, Mexico, China, Japan, Russia, Switzerland, Italy, Spain, Britain, India, and Egypt. Such data are used to compare currency exchange rates and the costs of goods in different countries. Find the range, variance, and standard deviation for the given sample data. What do the measures of variation tell us about the prices of a Big Mac in different countries? 5.30, 5.30, 2.56, 3.21, 3.38, 2.31, 6.80, 5.08, 4.80, 4.43, 2.81, 1.87 The variance is 2.28 dollars. The standard deviation is 1.51 dollars. What do the measures of variation tell us about the prices of a Big Mac in different countries? A. The variance and standard deviation tell us that Big Macs have lower prices in wealthier countries. B. The range alone tells us that there are very small differences among prices of Big Mac hamburgers in different countries. C. The variance and standard deviation tell us that Big Macs have higher prices in wealthier countries. D. The range alone tells us that there are very substantial differences among prices of Big Mac hamburgers in different countries.
failedAnswered
Suppose that a per-unit subsidy of 4 is imposed in this market. The total surplus of the oats market, after the subsidy, is equal to
failedAnswered
When a manager contacts team members on social media outside of work hours for non-work-related discussions, it raises what concern? It is beneficial as long as it boosts the team's productivity. No concern, as it can strengthen team dynamics. It is advantageous for the manager's personal networking. It creates a conflict between personal and professional boundaries.
failedAnswered
Question How much water should be consumed every two hours for a person to run 16 miles? - Round your final answer to the nearest whole number. Provide your answer below: