Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CAR-36754 company purchases battery powered bikes from a manufacturer for $1,510 per unit and then sells them to its customers for $3,300 each. The
CAR-36754 company purchases battery powered bikes from a manufacturer for $1,510 per unit and then sells them to its customers for $3,300 each. The company's monthly selling and administrative costs are the following: Costs Selling: Advertising Sales salaries and commissions Delivery of bikes to customers Utilities Depreciation of sales facilities Administratives Executive salaries Insurance Clerical Depreciation of office equipment Cost Formula $930 per month $4,780 per month, plus 5s of sales $60 per unit sold 659 per month $ 5,004 per month $13,584 per month $699 per month $2,534 per month, plus $36 per unit sold $ 931 per month Last month CAR-36754 sold 60 units. How much was the company's total contribution margin for the month? O$91740 $106,260 O$90,600 O$107,400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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