Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

LensWorks manufactures reading glasses in two styles. They budgeted a volume of 15,000 units for style A, at a selling price of $10 each. The

LensWorks manufactures reading glasses in two styles. They budgeted a volume of 15,000 units for style A, at a selling price of $10 each. The variable costs per unit were budgeted at $2 per unit. The actual units sold was 14,500 at $11 each, with variable costs per unit of $3.00. Style B they budgeted a sales volume of 12,000 units at a selling price of $8 with variable costs per unit of $3, leaving a budgeted contribution margin of $5 per unit. They actually sold 12,600 pairs of style B at $7.50 with a variable cost per unit of $2.75. What is the total sales in dollars for LensWorks for this period?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate the total sales in dollars for LensWorks for this period we need to calculate the sales ... 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

Contemporary Engineering Economics

Authors: Chan S. Park

5th edition

136118488, 978-8120342095, 8120342097, 978-0136118480

More Books

Students also viewed these Accounting questions

Question

Identify four purposes of the cash flow statement.

Answered: 1 week ago