If sales revenue was $48,840 and variable costs were 43%, what is the dollar contribution margin? LO1
Question:
If sales revenue was $48,840 and variable costs were 43%, what is the dollar contribution margin?
LO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Hospitality Management Accounting
ISBN: 9780471687894
9th Edition
Authors: Martin G Jagels, Catherine E Ralston
Question Posted:
Students also viewed these Business questions
-
I am having a hard time doing this and this is Hospitality managerial accounting Chapter Seven - Discussion Questions (Pg. 321) 7.1 Differentiate between a direct cost and an indirect cost. 7.3...
-
Question 1 1 pts Managerial accounting: Managerial accounting: has its primary emphasis on the future. is required by regulatory bodies such as the SEC. focuses on the organization as a whole, rather...
-
1. (Points: 1) With respect to a corporation, select the statement that is correct. a. Its organization requires an approved charter which is governed by state law. b. Ownership rights to the...
-
In what respects did certain employees regard the University of Baths culture under Breakwell as falling short of the aspirations described in the 2016-21 strategic plan?
-
Data about existing home sales in area 232 of Palo Alto, California, in 2007 are shown in Table 20 on page 379. Let B be the number of bedrooms in a home, and let S be the homes sales price (in...
-
Go to www.sabrehq.com, the website for Sabre Corporate Development. Scroll over Team Building and click on See All Team Building Events. Choose one of the activities and events found on this page and...
-
How do many people and organizations play a role in the fashion system that creates and communicates symbolic meaning to consumers? L01
-
Lower-of-Cost-or-Market Garcia Home Improvement Company installs replacement siding, windows, and louvered glass doors for single family homes and condominium complexes in northern New Jersey and...
-
Use this information for Mandy Corporation to answer the question that follows. Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 640,000 units, estimated...
-
You were asked to cater a buffet for 70 people at $18 per person. Your variable costs average 68%, and fixed costs are $100 per day. Determine your contribution margin and operating income. Should...
-
If sales revenue is $6,800 and variable costs are $2,856, what is the variable cost percentage? LO1
-
When discussing Carnot engines, it is assumed that the engine is in thermal equilibrium with the source and the sink during the heat addition and heat rejection processes, respectively. That is, it...
-
Ownership of 51% of the outstanding voting common stock of a company would usually result in a. the use of the cost method b. the use of the lower of cost or market method c. the use of the equity...
-
Menlo Company distributes a single product. The companys sales and expenses for last month follow: Total Per Unit Sales $ 308,000 $ 20 Variable expenses 215,600 14 Contribution margin 92,400 $ 6...
-
Dr. Solo is preparing a single journal entry for December 31, 2022. The bank statement shows a balance of $10,500 on that day. Three checks were made out on that day: one for $250 for medical...
-
Predicting Gender A study addressed the issue of whether pregnant women can correctly predict the gender of their baby. Among 104 pregnant women, 57 correctly predicted the gender of their baby...
-
Chamberson Medical Center is comparing their cash flow statements for 2022 to 2021. On the following cash flow form, what would be the cash and cash equivalents for the beginning of the year for...
-
Periodic billings to the customer for a long-term construction contract are recorded as billings on construction contract. How is this account reported in the balance sheet?
-
Kims Konstructions has assembled the following data for a proposed straw-reinforced brick maker (SRBM): SRBM Cost: $26,000 Life: 5 years Revenue (p.a.) $11,000 Operating Expenses (p.a.) $3,000...
-
Karane Enterprises, a calendar - year manufacturer based in College Station, Texas, began business in 2 0 2 2 . In the process of setting up the business, Karane has acquired various types of assets....
-
The accountant for the firm owned by Randy Guttery prepares financial statements at the end of each month. The following transactions for Randy Guttery, Landscape Consultant took place during the...
-
During the first month of operations ended May 31, 2016, Frost Point Fridge Company manufactured 46,000 mini refrigerators, of which 42,000 were sold. Operating data for the month are summarized as...
Study smarter with the SolutionInn App