Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4.Nanyang Ltd produces a single product.The selling price is $50 per unit and the variable costs are $30 per unit.the annual fixed costs of the

4.Nanyang Ltd produces a single product.The selling price is $50 per unit and the variable costs are $30 per unit.the annual fixed costs of the nusiness are $4000.the business aims to make $10000 profit during the forthcoming year.How many units must be sold to achieve this target?

a)700 b)200 c)280 d)500

5.Abusiness produces a roduct that generated total revenue of $16000 for the year,the business has variable costs of $5 per unit and total fixed costs of $4,500. the business sold 2,000 units of the product during the year.What is the contribution margin ratio(contribution per unit/selling price/unit)

a)71.9% b)62.5% c)37.5% d)9.4%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Governmental And Nonprofit Entities

Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely

19th Edition

1260118851, 9781260118858

More Books

Students also viewed these Accounting questions

Question

How is ????0 different from ????0?

Answered: 1 week ago

Question

2. What do the others in the network want to achieve?

Answered: 1 week ago

Question

1. What do I want to achieve?

Answered: 1 week ago