Answered step by step
Verified Expert Solution
Question
1 Approved Answer
answer 27-28 27) 27) High-Tech Computer Services provide services to corporate and individual customers. During the month of June, the corporate business segment provided services
answer 27-28 27) 27) High-Tech Computer Services provide services to corporate and individual customers. During the month of June, the corporate business segment provided services to 500 customers and earned $60,000 in revenue. The individual business segment provided services to 400 customers and earned $35,000 in revenue. The variable costs for the corporate and individual business segment amounted $32,500 and $25,300, respectively. Additionally, the fixed costs of the company amounted to $8,500. Calculate the contribution margin from each customer of the individual business segment. D) $13.63 C) $24.25 B) $41.34 A) $55.00 28) 28) A variable costing income statement is used for . B) determining the amount of gross profit D) internal decision making purposes A) external reporting purposes C) filing income tax returns
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