Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 19, 2023

If a company had a contribution margin of $750,000 and a contribution margin ratio of 40%, what must be total variable costs?

If a company had a contribution margin of $750,000 and a contribution margin ratio of 40%, what must be total variable costs?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

We can use the contribution margin formula to calculate the total ... 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

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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students also viewed these Accounting questions

Question

★★★★★

Study the information given below and answer the following questions: (25 Marks) 1.1 Calculate the Payback Period of both machines (answers expressed in years, months and days). (5 marks) 1.2 Which...

Answered: 1 week ago

Question

★★★★★

The Cotswold Limestone Company produces thin limestone sheets that are used for the facings on buildings. As can be seen in the contribution margin statement, last year the company had a net profit...

Answered: 1 week ago

Question

★★★★★

We have looked at the breakeven calculations for a single-product firm. However, most firms make more than one product - or service. Conceptually, multiple-product breakeven is the same as single...

Answered: 1 week ago

Question

★★★★★

Use the data from question 13 to produce a cumulative frequency graph and a cumulative relative frequency graph. Question 13 An advertising executive is interested in the age distribution of the...

Answered: 1 week ago

Question

★★★★★

What kinds of services do government-owned corporations provide? How might such services be provided without government involvement?

Answered: 1 week ago

Question

★★★★★

What might you expect to observe (at 298 K) in the 19 F NMR spectra of solutions containing (a) [PF 6 ] (b) [SbF 6 ] . Data needed are in Table 15.2. Table 15.2. Property Atomic number, Z Ground...

Answered: 1 week ago

Question

★★★★★

Discuss how investment advisors can help their behavioral clients.

Answered: 1 week ago

Question

★★★★★

Match the ratio to the building block of financial statement analysis to which it best relates. A. Liquidity and efficiency B. Solvency C. Profitability D. Market prospects 1. _______ Gross margin...

Answered: 1 week ago

Question

★★★★★

Intro The Fairmont Hotel in San Francisco needs to replace its air conditioning system There are two alternatives, both of which can do the job equally well: Machine name Purchase price Operating...

Answered: 1 week ago

Question

★★★★★

Alexander Smith and his wife Allison are married and file a joint tax return for 2019. The Smiths live at 1234 Buena Vista Drive, Orlando, FL 32830. Alexander is a commuter airline pilot but took 6...

Answered: 1 week ago

Question

★★★★★

Please do my question properly: Thanks Imperial Jewelers manufactures and sells a gold bracelet for $ 4 0 5 . 0 0 . The company s accounting system says that the unit product cost for this bracelet...

Answered: 1 week ago

Question

★★★★★

5S is one of the most widely adopted techniques from the lean manufacturing toolbox. Based on the "house of lean", it's provide an overview of the tools and methods of lean management that can be...

Answered: 1 week ago

Question

★★★★★

As a manufacturing company, Company Kappa sells their sachets of powdered juices to retailers, supermarkets and distributors instead of direct customers. Having said this, they usually deliver...

Answered: 1 week ago

Question

★★★★★

What process improvements can HeroEnergy adopt to improve standardised data, financial reporting and employee engagement? A newly established government agency focusing on renewable energy has just...

Answered: 1 week ago

Question

★★★★★

The Temper-Tone Steel Company produces two major products, a stainless steel sheet called Flextin and stainless steel silverware. Both products go through the same initial production process where...

Answered: 1 week ago

Question

★★★★★

Vaughn Co. purchased 61,7% Ivanhoe Company bonds for $61000 cash. Interest is payable annually on January 1. If 28 of the securities are sold on January 1 for $32700, the entry would include a credit...

Answered: 1 week ago

Question

★★★★★

An unlevered firm is considering a project that costs $10,000,000. The $10,000,000 cost will be fully depreciated over its five-year life using straight-line method. The project is expected to...

Answered: 1 week ago

Question

★★★★★

The graph of an equation is given. (a) Find the intercepts. (b) Indicate whether the graph is symmetric with respect to the x-axis, the y-axis, or the origin. -3 6 -6 3 x

Answered: 1 week ago

Question

★★★★★

AirQual Test Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations: The company uses the number of jobs as its measure of...

Answered: 1 week ago

Question

★★★★★

Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). All materials...

Answered: 1 week ago

Question

★★★★★

Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one...

Answered: 1 week ago

Question

★★★★★

The following summary quantities were computed from an experiment involving four levels of nitrogen (A), two times of planting (B), and two levels of potassium (C) (Use and Misuse of Multiple...

Answered: 1 week ago

Question

★★★★★

When both factors are random in a two-way ANOVA experiment with K replications per combination of factor levels, the expected mean squares are , and . a. What F ratio is appropriate for testing...

Answered: 1 week ago

Question

★★★★★

The article KolbeSchmitt Carbonation of 2-Naphthol (Industrial and Eng. Chemistry: Process and Design Development, 1969: 165173) presented the accompanying data on percentage yield of BON acid as a...

Answered: 1 week ago

Previous Question Next Question