FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A division sold 250000 calculators during 2020: Sales $5640000 Variable costs: Materials $1370000 Order processing 250000 Billing labour 1140000 Delivery costs 860000 Selling expenses 580000

image text in transcribed

A division sold 250000 calculators during 2020: Sales $5640000 Variable costs: Materials $1370000 Order processing 250000 Billing labour 1140000 Delivery costs 860000 Selling expenses 580000 Total variable costs 4200000 Fixed costs 710000 How much is the contribution margin per unit, rounded to the nearest cent? O $19.72 O $16.80 O $8.08 O $5.76

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

Statistical Techniques For Forensic Accounting Understanding The Theory And Application Of Data Analysis

Statistical Techniques For Forensic Accounting Understanding The Theory And Application Of Data Analysis

Authors: Saurav K. Dutta

1st Edition

0133133818, 9780133133813

More Books

Students also viewed these Accounting questions

Question

★★★★★
Why does it matter if an investment is, or is not, viewed as being a security?

Answered: 1 week ago

Question

★★★★★
Gossimer, Inc., is a manufacturer of exercise equipment. The budgeted income statement for the coming year is as follows. Required: 1. What is Gossimers variable cost ratio? Its contribution margin...

Answered: 1 week ago

Question

★★★★★
What are the assumptions required of a multiple regression model?

Answered: 1 week ago

Question

★★★★★
On December 12, 2013, Pace Electronics received $24,000 from a customer toward a cash sale of $240,000 of diodes to be completed on January 16, 2014. What journal entries should Pace record on...

Answered: 1 week ago

Question

★★★★★
At the beginning of the month, the Painting department of Skye Manufacturing reported the following: Direct materials Percent Complete 704 Conversion Percent Complete 20% Units Beginning work in...

Answered: 1 week ago

Question

★★★★★
1.1 Critically analyse strategic and operational strengths and weaknesses for different organisations in a range of sectors.

Answered: 1 week ago

Question

★★★★★
Ringle Company is a manufacturer of compact disks (CDs). Place each of the following costs in the appropriate column. Product Cost Cost item Cost item Period Direct Direct Factory Cost Materials...

Answered: 1 week ago

Question

★★★★★
Multiple Select Question Select all that apply Which of the following about planning for objections is true? Multiple select question. Salespeople should only focus on the disadvantages of their...

Answered: 1 week ago

Question

★★★★★
Activity 2: IP and routing This is a group activity. Therefore, you need to form a group of four (4)~ five (5) people. At your table (or in MS team chat) discuss the following questions with your...

Answered: 1 week ago

Question

★★★★★
These tables provide the output from a multiple regression analysis looking at the impact of number of internet ads and product attractiveness on online laptop sales. How much of the variation in...

Answered: 1 week ago

Question

★★★★★
Identify the type of sampling that is used in this statement: The library, interested in the opinions of its patrons, surveys every 5th person who comes to the library over several days. Question 10...

Answered: 1 week ago

Question

★★★★★
Describe how an HR department in a health care organization might evolve through different organizational models as a department grows and matures.

Answered: 1 week ago

Question

★★★★★
How do the expectations of an organizations CEO shape the model or manner in which HR services are delivered?

Answered: 1 week ago

Question

★★★★★
Under what organizational circumstances could the following models of HR be successful in a health care organization: Clerical Model, Control Model, Industrial Relations Model, Legal Model,...

Answered: 1 week ago

Previous Question Next Question