Answered step by step
Verified Expert Solution
Question
1 Approved Answer
10/26/2020 Yahoo Mail - Photo from Abdullah Shahada 100% 2:38 PM Mon Oct 26 IAC103_Mid X 17. The best estimate of the total contribution margin
10/26/2020 Yahoo Mail - Photo from Abdullah Shahada 100% 2:38 PM Mon Oct 26 IAC103_Mid X 17. The best estimate of the total contribution margin when 4.300 units are sold is A. S134.590 B. 543.430 C. 564,070 D. 38.270 18. Jatry Corporation's budgeted sales are $300,000, its budgeted variable expenses are $210,000, and its budgeted fixed expenses are $60,000. The company's break-even in dollar sales is: A. $200,000 B. $330,000 C. S210,000 D. $270,000 . Crystal Company produces a single product. The company's variable costing income statement for the month of May appears below: Crystal Company Income Statement For the month ended May 31 $ $900.000 Sales S(10 per unit) Variable expenses Variable cost of goods sold Variable selling expense Total variable expenses Contribution margin Fixed expenses Fised manufacturing overhead Fised selling and administrative Total fixed expenses Net operating income 450.000 90.000 540.000 360.000 240.000 20.000 330,000 $ 30,000 The company produced 80,000 units in May and the beginning inventory consisted of 25,000 units. Variable production costs per unit and total fixed costs have remained constant over the past several months 19. The dollar value of the company's inventory on May 31 under the absorption costing method would be A. SI20,000 B. 590,000 C. 575.000 D. $60,000 Sent from Yahoo Mail on Android
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started