Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8 Chiton, Inc sold 12.500 units last year for 521 each Variable costs per unit were $3.00 for direct materials. 5190 for direct labor and

image text in transcribed
8 Chiton, Inc sold 12.500 units last year for 521 each Variable costs per unit were $3.00 for direct materials. 5190 for direct labor and $3.90 for variable overhead. Fixed costs were $61,600 in manufacturing overhead and $40.500 in nonimanufacturing costs a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.) Total Clintution Margin 300374 b. What is the unit contribution margin? (Round your answer to 2 decimal places.) Unit Contrbution Margin c. What is the contribution margin ratio? (Round your intermediate calculations and final answer to 2 decimal places.) Contribution Margin Ratio d. If sales increase by 2180 units, by how much will profits increase? (Round your intermediate calculation to 2 decimal places and final answer to the nearest dollar amount.) Price MC Graw Hill ype here to search OR in PII * Prisen Home 13 End F2 F 55 @ & % 5 2 3 4 6 7 8 9 0

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_2

Step: 3

blur-text-image_3

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

Working Papers Chapters 1 14 For Warren Jones Tayler S Financial And Managerial Accounting

Authors: Carl S. Warren ,Jefferson P. Jones ,William Tayler

16th Edition

0357714113, 978-0357714119

More Books

Students also viewed these Accounting questions

Question

*4. Write the structure function corresponding to the following:

Answered: 1 week ago

Question

How to find if any no. is divisble by 4 or not ?

Answered: 1 week ago

Question

Explain the Pascals Law ?

Answered: 1 week ago

Question

What are the objectives of performance appraisal ?

Answered: 1 week ago