Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CAR-63034 company purchases battery powered bikes from a manufacturer for $1,509 per unit and then sells them to its customers for $3,400 each. The
CAR-63034 company purchases battery powered bikes from a manufacturer for $1,509 per unit and then sells them to its customers for $3,400 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. Administrative: Executive salaries Insurance Clerical Depreciation of office equipment Cost Formula $ 956 per month $ 4,783 per month, plus 5% of sales $ 58 per unit sold $ 633 per month $ 4,922 per month. $ 13,570 per month $ 690 per month $ 2,476 per month, plus $37 per unit sold $ 916 per month Last month CAR-63034 sold 59 units. How much was the company's total contribution margin for the month? $111,569 O$ 95,934 $ 89,031 O $ 104,666
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