{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T01:35:13-04:00", "answer_date": "2024-06-29 01:35:13", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4440539", "url": "\/study-help\/questions\/2-3-milestone-two-contribution-margin-analysis-4-5-4440539", "question_creation_date_js": "2024-06-29T01:35:13-04:00", "question_creation_date": "Jun 29, 2024 01:35 AM", "meta_title": "[Solved] 2 3 Milestone Two - Contribution Margin A | SolutionInn", "meta_description": "Answer of - 2 3 Milestone Two - Contribution Margin Analysis 4 5 6 COLLARS LEASHES HARNESSES 8 Sales Price per Unit S 24.00 S 26.0 | SolutionInn", "meta_keywords": "2,3,milestone,two,-,contribution,margin,analysis,4,5,6,collars", "question_title_h1": "2 3 Milestone Two - Contribution Margin Analysis 4 5 6 COLLARS LEASHES HARNESSES 8 Sales Price per Unit S 24.00 S 26.00 30.00 9", "question_title": "2 3 Milestone Two - Contribution Margin Analysis 4 5 6 COLLARS", "question_title_for_js_snippet": "2 3 Milestone Two Contribution Margin Analysis 4 5 6 COLLARS LEASHES HARNESSES 8 Sales Price per Unit S 24 00 S 26 00 30 00 9 Variable Cost per Unit 9 10 12 10 14 60 11 Contribution Margin $ 14 90 S 13 90 $ 15 40 12 14 15 16 17Use the following revenue and cost information for the income statement Note that the revenue you use will depend on the pricing level options you chose in Milestone Two Also, assume that after accounting for weekends and other holidays, there were 20 business days in the first month of operation For example, if you chose a sales price of $20 per collar, the actual number of collars sold in the month was 33 per day or 33 x 20 660 per month Established Sales Price Number of Items Sold per Day Collars $20 33 $24 28 $28 23 Leashes $22 28 $26 23 $30 18 Harnesses $25 25 $30 22 $35 20 The other costs incurred by the business include 0 General and administrative salaries o Receptionist $1,950 0 Office supplies $200 0 Other business equipment $150 Milestone Three Income Statement W N A 5 Revenue 6 Collars $ Leashes Harnesses 9 10 Total Revenue 11 Cost of goods sold 12 Gross profit $ 13 14 Expenses 15 General and administrative salaries S 1,950 16 Office supplies 200 17 Other business equipment 150 18 19 Total Expenses $ 2,300 00 20 21 Net Income Loss 22 23 24 26 27 28", "question_description": "
\"image\"image\"image<\/div><\/div><\/div><\/figure> 2 3 Milestone Two - Contribution Margin Analysis 4 5 6 COLLARS LEASHES HARNESSES 8 Sales Price per Unit S 24.00 S 26.00 30.00 9 Variable Cost per Unit 9.10 12.10 14.60 11 Contribution Margin $ 14.90 S 13.90 $ 15.40 12 14 15 16 17Use the following revenue and cost information for the income statement. Note that the revenue you use will depend on the pricing level options you chose in Milestone Two. Also, assume that after accounting for weekends and other holidays, there were 20 business days in the first month of operation. For example, if you chose a sales price of $20 per collar, the actual number of collars sold in the month was 33 per day or 33 x 20 = 660 per month. Established Sales Price Number of Items Sold per Day Collars $20 33 $24 28 $28 23 Leashes $22 28 $26 23 $30 18 Harnesses $25 25 $30 22 $35 20 The other costs incurred by the business include: 0 General and administrative salaries o Receptionist: $1,950 0 Office supplies: $200 0 Other business equipment: $150 Milestone Three - Income Statement W N A 5 Revenue: 6 Collars $ Leashes Harnesses 9 10 Total Revenue: 11 Cost of goods sold 12 Gross profit $ 13 14 Expenses: 15 General and administrative salaries S 1,950 16 Office supplies 200 17 Other business equipment 150 18 19 Total Expenses $ 2,300.00 20 21 Net Income\/Loss 22 23 24 26 27 28", "transcribed_text": "", "related_book": { "title": "Cost Management Measuring Monitoring And Motivating Performance", "isbn": "1118168879, 9781118168875", "edition": "2nd Canadian Edition", "authors": "Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/635f99b5717e0_1157.jpg", "uri": "\/textbooks\/cost-management-measuring-monitoring-and-motivating-performance-2nd-canadian-edition-1157", "see_more_uri": "" }, "free_related_book": { "isbn": "1608797201", "uri": "\/textbooks\/plunketts-banking-mortgages-and-credit-industry-almanac-2014-1st-edition-9781608797202-9781608799800", "name": "Plunketts Banking Mortgages And Credit Industry Almanac 2014", "edition": "1st Edition" }, "question_posted": "2024-06-29 01:35:13", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/when-a-certain-photoelectric-surface-is-illuminated-with-light-of", "description": "When a certain photoelectric surface is illuminated with light of different wavelengths, the following stopping potentials are observed:Plot the stopping potential on the vertical axis against the...", "stars": 3 }, { "url": "\/study-help\/business-statistics-in-practice\/22-graphite-production-10-lanes-the-same-graphite-manufacturer-from-1982122", "description": "=+22. 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