A Trek Cycles manufactures and sells bicycles to retailers. The X-1 model sells for $500 and has per-unit variable costs of $300 associated with its production. The company has fixed expenses of $30,000 per month. In May, the company sold 300 of the X-1 model bikes. Show your calculations for full credit. Calculate the contribution margin per unit for the Bomber. Calculate the contribution margin ratio of the Bomber. Prepare a contribution margin income statement for the month of May.
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