FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I am looking to find the variable cost in the following equation. Estrada Corporation produced 300,000 watches that it sold for $35 each. The company

I am looking to find the variable cost in the following equation. Estrada Corporation produced 300,000 watches that it sold for $35 each. The company determined that fixed manufacturing cost per unit was $14 per watch. The company reported a $2,700,000 gross margin on its financial statements.

Is the variable cost the $35 from the cost of unit sold?

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_2

Step: 3

blur-text-image_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

Statistical Analysis Microsoft Excel 2013

Statistical Analysis Microsoft Excel 2013

Authors: Conrad Carlberg

1st Edition

0789753111, 9780789753113

More Books

Students also viewed these Accounting questions

Question

★★★★★
How fast must an electron move to have a kinetic energy equal to the photon energy of sodium light at wavelength 590 nm?

Answered: 1 week ago

Question

★★★★★
Consider the situation in which stock price movements during the life of a European option are governed by a two-step binomial tree. Explain why it is not possible to set up a position in the stock...

Answered: 1 week ago

Question

★★★★★
Contrast the cognitive therapy approach with other major therapy approaches.

Answered: 1 week ago

Question

★★★★★
Oxy Corporation uses debt, preferred stock, and common stock to raise capital. The firms capital structure targets the following proportions: debt, 55%; preferred stock, 10%; and common stock , 35%....

Answered: 1 week ago

Question

★★★★★
One of the first things developers of IoT applications should focus on is q , a ) maximizing 5 G network use b ) building in security from the start C ) reducing sensor costs d ) creation of new...

Answered: 1 week ago

Question

★★★★★
Jilliard Corporation (Jilliard) and its consolidated affiliates conduct operations within two business segments: marine transportation and marine equipment repair services. However, the marine...

Answered: 1 week ago

Question

★★★★★
Why don't we use y (gama) rays to study the interior of the objects, instead of using x-rays? Because similar to x-rays, y-rays are also not deflected by the electric and magnetic fields and also...

Answered: 1 week ago

Question

★★★★★
Can external sound vibrations be manipulated to induce sensations within the body?

Answered: 1 week ago

Question

★★★★★
According to the predictions of quantum mechanics, could atomic clocks also have errors, and there would be no instrument at all to point out the errors, still due to quantum mechanical limitations?

Answered: 1 week ago

Question

★★★★★
250 mL of a waste solution obtained from the workshop of a goldsmith contains 0.1 M AgNO 3 and 0.1M AuCl . The solution was electrolyzed at 2V by passing current of 1A for 15 min .The metal/metals...

Answered: 1 week ago

Question

★★★★★
If you have two vibrating tuning forks that create a binaural beat of 440 Hz, would they be able to make a third tuning fork calibrated to 440 Hz resonate?

Answered: 1 week ago

Question

★★★★★
Define and graph the probability distribution function for the number of sandwiches sold by a sandwich shop. This shop offers sandwiches that have a price of $3.00 each.

Answered: 1 week ago

Question

★★★★★
=+ Is the information documented and verifiable?

Answered: 1 week ago

Question

★★★★★
=+ Is the information presented in an objective manner?

Answered: 1 week ago

Previous Question Next Question