Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

Contribution Margin Harry Company sells 39,000 units at $14 per unit. Variable costs are $8.12 per unit, and fixed costs are $73,400. Determine (a) the

Contribution Margin

Harry Company sells 39,000 units at $14 per unit.Variable costsare $8.12 per unit, andfixed costsare $73,400.

Determine (a) thecontribution margin ratio, (b) theunit contribution margin, and (c) income from operations.

a.Contribution margin ratio (Enter as a whole number.)%b.Unit contribution margin (Round to the nearest cent.)$per unitc.Income from operations$

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

Recommended Textbook for

College Accounting Chapters 1-13

Authors: John Price

14th Edition

007763991X, 9780077639914

More Books

Students also viewed these Accounting questions

Question

★★★★★

Distinguish between project buffers and feeder buffers. What is each buffer types used to accomplish?

Answered: 1 week ago

Question

★★★★★

Cell membranes across a wide variety of organisms have a capacitance per unit area of 1 F/cm 2 . For the electrical signal in a nerve to propagate down the axon, the charge on the membrane capacitor...

Answered: 1 week ago

Question

★★★★★

Outline five major criticisms of humanistic psychologies.

Answered: 1 week ago

Question

★★★★★

The Dallas Mavericks basketball team has hired you as its new accountant. On your first day on the job, Mavericks owner, Mark Cuban, comes to you and asks, How many tickets must we sell to pay for...

Answered: 1 week ago

Question

★★★★★

Prepare Journal Entries March 1, 2018 Today is the day I start my business. Opened a company bank account for Mad Mad World Taxidermy, and deposited $500 cash, I also provided my $15,502 car (2016...

Answered: 1 week ago

Question

★★★★★

On April 1, 10,000 shares of $8 par common stock were issued at $25, and on April 7, 3,000 shares of $80 par preferred stock were issued at $107. Required: Journalize the entries for April 1 and 7....

Answered: 1 week ago

Question

★★★★★

One scientist is measuring a physical quantity on a strange unit. For example, the time taken by the light to travel from a star to the earth was measured in units "BRT". If this unit has to make...

Answered: 1 week ago

Question

★★★★★

What is the variance and standard deviation of of 46.38, 46.18, 46.57, 46.72, 46.86, 46.58, 46.61, 46.64, 46.03, 45.93, 45.51, 45.53

Answered: 1 week ago

Question

★★★★★

Money Inc., a USA-based business has an acid test ratio of 3 times, and the value of the current assets including closing inventories (comprising of trade receivables of $2,000,000 and cash of...

Answered: 1 week ago

Question

★★★★★

we look at how companies use CRM, SCM, and ERP to gain a competitive advantage and run more efficiently. Find an industry/business or company currently using one of those technologies (CRM, SCM,...

Answered: 1 week ago

Question

★★★★★

1. What are the practices that Xerox used in its TQM implementation? Discuss. 2. What are some barriers that you think Xerox has faced during TQM implementation? Relate them. 3. Does TQM...

Answered: 1 week ago

Question

★★★★★

15. Ask yourself the following questions: What do you want to remember from your everyday experiences? These are the experiences that fill most of your life. They may take 9099% of your time. What do...

Answered: 1 week ago

Question

★★★★★

What reward will you give yourself when you achieve this?

Answered: 1 week ago

Question

★★★★★

11. Now consider the different goals you have for your life in the future. See these goals in relation to your core values and your roles. How do goals affect your roles and your values? Development...

Answered: 1 week ago

Previous Question Next Question