Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

ABC Corp's most recent income statement is shown following: Unit selling price $28 Sales volume 17,325 units Total Sales $485,100 Unit Variable cost $15 Total

ABC Corp's most recent income statement is shown following: Unit selling price $28 Sales volume 17,325 units Total Sales $485,100 Unit Variable cost $15 Total Variable cost $ 259,875 Unit Contribution Margin $13 Total Contribution Margin $225,225 Total Fixed Cost $185,000 Net Income $40,225 If the sales volume is 12,335 units, how much is the total contribution margin? O A. $185,250 OB. $24,645 O C. $180,000 O D. $12,375

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Product testing. A company is producing and marketing new reading activities for elementary school children that it believes will improve reading comprehension scores. A researcher randomly assigns...

Answered: 1 week ago

Question

★★★★★

For 2007, Campbell Soup Company had pension expense of $32 million and contributed $32 million to the pension fund. Prepare Campbell Soup Companys journal entry to record pension expense and funding.

Answered: 1 week ago

Question

★★★★★

Use 'MARS MIPS simulator' to Solve the problem: Copy your updated macro.asm from last homework in a directory. And download second.asm in the same directory. Add the following two macros in this...

Answered: 1 week ago

Question

★★★★★

A company sold equipment that orignially cot 3 6 0 , 0 0 0 for 2 8 8 0 0 0 cash the accumulated depreciation on the equipment was 7 2 0 0 0 the company should recognize a

Answered: 1 week ago

Question

★★★★★

Problem 9 Recall that in problem 6 Tanner takes two classes: economics from Prof. Olimov and survival skills from Prof. Pear Grylls. Tanner wants to get the best possible grades in these two classes....

Answered: 1 week ago

Question

★★★★★

Blue book Citation Format ses.ucf.edu/courses/139681 1/assignments/7429060 TAKE SOME TIME TO PRACTICE PUTTING THE FOLLOWING INTO BLUEBOOK CITATION FORMAT: 1. Batman versus Superman is a United States...

Answered: 1 week ago

Question

★★★★★

The slope of Chad's indifference curvexc=Axp (A is any constant) at point(xp,xc)isA(xp)2 . What is Chad's marginal rate of substitution at consumption bundle(xp,xc)=(15,7)? Group of answer choices...

Answered: 1 week ago

Question

★★★★★

Mallard Incorporated (MI) is a small manufacturing company that makes model trains to sell to toy stores. It has a small service department that repairs customers' trains for a fee. The company has...

Answered: 1 week ago

Question

★★★★★

According to a recent poll, 25% of adults in a certain area have high levels of cholesterol. They report that such elevated levels "could be financially devastating to the regions healthcare system"...

Answered: 1 week ago

Previous Question Next Question