Complete the Table Below for Contribution Margin Per Unit,total Contribution

question 191

Essay

Complete the table below for contribution margin per unit,total contribution margin and contribution margin ratio.
$$\begin{array} { | l | r | r | } \hline & { \text { Alpha } } & { \text { Beta } } \\\hline \text { Number of units } & 2,460 & 12,800 \\\hline \text { Sales price per unit } & \$ 21 & \$ 78 \\\hline \text { Variable costs per unit } & \$ 10 & \$ 32 \\\hline \textbf { Calculate: } & & \\\hline \textbf { Contribution margin per unit } & & \\\hline \textbf { Total contribution margin } & & \\\hline \textbf { Contribution margin ratio } & & \\\hline\end{array}$$

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Definitions:

Representative Heuristic

A mental shortcut that involves making a probability judgement by comparing an object or event to a prototype of the object or event.

Additive Strategy

An approach where elements are added together to solve problems or make decisions, often seen in mathematics or decision-making processes.

Anchoring

Overestimation of the importance of a factor by focusing on it to the exclusion of other relevant factors.

Framing

The way information is presented so as to emphasize either a potential gain or a potential loss as the outcome.