Windsor has determined the contribution margin ratio of a product to be 30%. Its selling price is $50, while its costs consist of two variable costs and one fixed cost. The sole fixed cost is a selling and administrative cost. The variable selling and administrative cost is $2.00/unit.
What is the variable manufacturing cost per unit? (Round answer to 2 decimal places, e.g. 15.25.)
Variable manufacturing cost
$
per unit
What is the gross margin of one unit of this product if there are no fixed manufacturing costs? (Round answer to 2 decimal places, e.g. 15.25.)
Gross margin
$
per unit
What is the gross margin percentage for this product?
Gross margin
%