Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How is management salaries classified? d) tax-exempt O c) mixed a) fixed b) variable 4 pc Smales Incorporated makes a special high-traction golf shoe for

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

How is management salaries classified? d) tax-exempt O c) mixed a) fixed b) variable 4 pc Smales Incorporated makes a special high-traction golf shoe for high intensity golfers. The shoes sell for $900 per pair . The variable costs are $300 per pair and fixed costs are $150,000. Which would be most appropriate for Smales to use, the Contribution Margin or Contribution Margin Ratio? o a) Contribution Margin Tye Webb Corporation Industries is a multi-national company with manufacturing facilities located in an international trade zone. b) Contribution Margin Ration Use the following for 23-25 4 points Smales Incorporated makes a special high-traction golf shoe for high intensity golfers. The shoes sell for $900 per pair. The variable costs are $300 per pair and fixed costs are $150,000 Calculate the contribution margin ratio c) 1.333 a) .666 b).333 d) 1.666 4 Smales Incorporated makes a special high-traction golf shoe for high intensity golfers. The shoes sell for $900 per pair. The variable costs are $300 per pair and fixed costs are $150,000. In October they sold 125 more pair than planned, what is the expected profit from these additional sales? a) $75,000 d) $0 b) $112,500 c) $37,500

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

Accounting, Representation And Responsibility

Authors: Niels Joseph Lennon

1st Edition

0367540436, 9780367540432

More Books

Students also viewed these Accounting questions