PLEASE HELP ME FIGURE OUT THE SECOND QUESTION! I ALREADY HAVE THE FIRST ANSWER.

Question

PLEASE HELP ME FIGURE OUT THE SECOND QUESTION! I ALREADY HAVE THE FIRST ANSWER.

Last year, X Company sold 68,000 units. The following revenue and cost information for the year is available:

8. What was X Company's contribution margin per unit? $13.02

9. What was X Company's contribution margin rate?

Total    Per-Unit Revenue $2,288,200 $33.65    Direct materials 367,880 5.41    Direct labor [all variable] 318,920 4.69    Variable overhead 396,440 5.83    Fixed overhead 167,000 2.46    Variable selling and administration 319,600 4.70    Fixed selling and administration 196,500 2.89    Last year, X Company sold 68,000 units. The following revenue and cost information for the year is available: What was X Company's contribution margin per unit? $13.02 What was X Company's contribution margin rate?

Explanation / Answer

margin rate = margin p.u./sales p.u. * 100

=13.02/33.65 * 100

=38.69 %

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