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

Question

1 Approved Answer

Bluegill Company sells 7,900 units at $260 per unit. Fixed costs are $102,700, and income from operations is $1,129,700. Determine the following: Round the contribution

image text in transcribed

Bluegill Company sells 7,900 units at $260 per unit. Fixed costs are $102,700, and income from operations is $1,129,700. Determine the following: Round the contribution margin ratio to two decimal places. a. Variable cost per unit b. Unit contribution margin c. Contribution margin ratio $ per unit %

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

Rigos Primer Series CPA Exam Review Financial Accounting Questions And Answers

Rigos Primer Series CPA Exam Review Financial Accounting Questions And Answers

Authors: Mr. James J. Rigos

2020 Edition

979-8642293720

More Books

Students also viewed these Accounting questions

Question

★★★★★
Taggart Corp. records adjustments each month before preparing monthly financial statements. The following selected account balances on May 31, 2012 and June 30, 2012, reflect month-end adjustments:...

Answered: 1 week ago

Question

★★★★★
Describe the phases of the business cycle.

Answered: 1 week ago

Question

★★★★★
The five nodes in the following network represent points one year apart over a four-year period. Each node indicates a time when a decision is made to keep or replace a firms computer equipment. If a...

Answered: 1 week ago

Question

★★★★★
Bluegill Company sells 7,900 units at $260 per unit. Fixed costs are $102,700, and income from operations is $1,129,700. Determine the following: Round the contribution margin ratio to two decimal...

Answered: 1 week ago

Question

★★★★★
Problem 2: Suppose that the Winnipeg Warriors are the only professional basketball team in the area, making them the monopsony employer of basketball players. The team's player demand is given by MRP...

Answered: 1 week ago

Question

★★★★★
During last assignment, you did such an amazing job with Frank's finances, that he is retaining you as his financial consultant. Thanks to you, Frank's financial house is in excellent order. He is...

Answered: 1 week ago

Question

★★★★★
Determine the total mass of the horizontal beam when the mass of the beam is 37.5kg/m. Determine also the force resultant affecting the tilted rope when angle =30 5.6 m 2.4 m B Tilted rope- 250kg

Answered: 1 week ago

Question

★★★★★
After a breakthrough election victory at Amazon, the Amazon Labor Union fell far short of winning enough votes to unionize a second warehouse on Staten Island in New York. The vote was 618 votes...

Answered: 1 week ago

Question

★★★★★
How can you customize this report to find any open balances? Customize > Filter, then choose Uncleared in the Cleared dropdown Gear icon > Change columns, then mark the Credit checkbox in Change...

Answered: 1 week ago

Question

★★★★★
A codebook is used in quantitative research to define the variables (or columns) in a data set and the response categories for each of these variables. Looking at the codebook for this Assessment,...

Answered: 1 week ago

Question

★★★★★
work is motivating when seen to be useful to self and others striving towards a common goal;

Answered: 1 week ago

Question

★★★★★
regard for pragmatism and common sense in the work situation rather than precise rules, but a strong sense of order and tradition means rules that are spelt out will be obeyed;

Answered: 1 week ago

Question

★★★★★
Recognition that organizations must adapt to a future of constant change.

Answered: 1 week ago

Previous Question Next Question