Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 20, 2024

David has the following product information. Sales price 7.50 a unit Variable cost 2.25 a unit Fixed cost $10,000 Units sold 20,000 What is the

David has the following product information.

Sales price 7.50 a unit

Variable cost 2.25 a unit

Fixed cost $10,000

Units sold 20,000

What is the contribution margin per unit?

a. 7.50 b. 5.25 c. 9.75 d. 4.75 e. None

Please Help! Thank you!

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

Accounting Theory

Authors: Contemporary Accounting Issues

1st Edition

9780324107845

More Books

Students also viewed these Accounting questions

Question

★★★★★

Calculate the number of ATP molecules that can be harvested during the complete oxidation of an 18-carbon fatty acid. (Take a deep breath and think about it-you can do it.)

Answered: 1 week ago

Question

★★★★★

As the pitch of sound gets higher, what happens to the frequency?

Answered: 1 week ago

Question

★★★★★

When throwing a die twice, let A be the event that the first outcome is even and B be the event that the product of the two outcomes is 6. Then, A and B are independent.

Answered: 1 week ago

Question

★★★★★

Refer to E3-15. E3-15 Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided...

Answered: 1 week ago

Question

★★★★★

On January 1, 2016, Knorr Corporation issued $1,400,000 of 6%, 5-year bonds dated January 1, 2016. The bonds pay interest annually on December 31. The bonds were issued to yield 7%. Bond issue costs...

Answered: 1 week ago

Question

★★★★★

Every prompt should be at least 100 words and thanks in advance Prompt 1 (Governance and Environmental Sustainability): Researchers such as Daniel Esty from Yale University have found a very strong...

Answered: 1 week ago

Question

★★★★★

An automobile assembly line operates for two shifts aday.Thefirst shiftaccountsfortwo-thirds oftheover-all production. The task of quality control engineers is to monitor the number of...

Answered: 1 week ago

Question

★★★★★

Safe or not, he made it up the tower; since he is, after all, a warrior. The ransom note read: "If you wish to see Princess Eva alive, bring all the diamonds from the royal treasury to the Kingdom of...

Answered: 1 week ago

Question

★★★★★

There are 7 Code-A-Pillar command blocks; 3 left, 2 straight, 1 right, and 1 sound. 3 blocks were chosen at random for the Code-A-Pillar. What is the probability that the 2 straights were chosen for...

Answered: 1 week ago

Question

★★★★★

1) An organisation has the following contribution function: Contribution = 5X + 10Y where X = the number of units of product X produced, and Y = the number of units of product Y produced. A graph has...

Answered: 1 week ago

Question

★★★★★

Case Study: If Only I Had Known A few months ago, Maria Turks, manager of client care at Willowpark Retirement Centre, was asked to review a job description for caregiver as 25 people in this job...

Answered: 1 week ago

Question

★★★★★

=+Is it a site that explores new technology?

Answered: 1 week ago

Question

★★★★★

=+Where can you initiate a dialogue (when appropriate)?

Answered: 1 week ago

Question

★★★★★

=+ Does this site have scientific, medical, or legal advice?

Answered: 1 week ago

Previous Question Next Question