Question
McGuire Corporation sells three products: R, S, and T. Budgeted information for the upcoming accounting period follows. Product Sales Volume (Units) Selling Price Variable Cost
McGuire Corporation sells three products: R, S, and T. Budgeted information for the upcoming accounting period follows.
| Product | Sales Volume (Units) | Selling Price | Variable Cost | ||||||||
| R | 16,000 | $ | 14 | $ | 9 | ||||||
| S | 12,000 | 10 | 6 | ||||||||
| T | 52,000 | 11 | 8 | ||||||||
The company's weighted-average unit contribution margin is:
| $3.00. | ||
| $3.55. | ||
| $19.35. | ||
| $4.00. | ||
| None of the answers is correct. |
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How To Avoid IRS Audits
Authors: Victor S. Sy, CPA, MBA, Allana Santos, Roger Oriel, Louie Gajardo, Malou Aguilar Bledsoe, RJ Oriel, Mark Xavier Bautista, Kenno Samulde, Morton D Rosenthal Esq.
1st Edition
1530746477, 978-1530746477
