Bluegill Company Sells 45,000 Units at $18 Per Unit

question 203

Essay

Bluegill Company sells 45,000 units at $18 per unit. Fixed costs are $62,000, and income from operations is $298,000. Determine the
(a) variable cost per unit,
(b) unit contribution margin, and
(c) contribution margin ratio.

Understand how power dynamics and ideology within an economic system influence perceptions of reality.

Recognize commonalities and differences in the approaches of Marx, the Frankfurt School, and cultural studies towards capitalist control and resistance.

Identify the influence of Karl Marx's work across various critical approaches.

Understand the significance of collective power in organizational decision-making processes.

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Definitions:

Manufacturer Profit

The financial gain a manufacturing company obtains from producing and selling its goods, calculated by subtracting costs from revenue.

Retailer Profit

The financial gain that a retailer earns from selling products or services, after subtracting the costs of purchasing or producing those items.

Short Term

A period of time that is immediate or not very long, often referring to plans or investments spanning a few months to a year.

Tailored Sourcing

A sourcing strategy that is customized to fit the specific needs and requirements of a business, often involving close collaboration with suppliers.