Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 14, 2024

Payton Corporation has sales of $214,000, a contribution margin ratio of 36%, and a profit of $37,000. If 5,000 units were sold, what are total

Payton Corporation has sales of $214,000, a contribution margin ratio of 36%, and a profit of $37,000. If 5,000 units were sold, what are total variable costs?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Management Audit Approach In Writing Business History A Comparison With Kennedys Technique On Railroad History

Authors: Allen Bures

1st Edition

1138980277, 978-1138980273

More Books

Students also viewed these Accounting questions

Question

★★★★★

Explain the main conceptual issue under variable costing and absorption costing regarding the timing for the release of fixed manufacturing overhead as expense.

Answered: 1 week ago

Question

★★★★★

In the diagram, OAB is a sector of a circle with centre O and radius 8cm. Angle BOA is radians. OAC is a semicircle with diameter OA. The area of the semicircle OAC is twice the area of the sector...

Answered: 1 week ago

Question

★★★★★

10.41 Teeth whitening results One scientific test of whiteness tested the effect of a self applied tooth-whitening peroxide gel system in a randomized, controlled clinical trial.9 The 58 adults...

Answered: 1 week ago

Question

★★★★★

Journal entries, T-accounts and source documents. Production Company produces gadgets for the coveted small appliance market. The following data reflects activity for the year 2008. Production Co....

Answered: 1 week ago

Question

★★★★★

Payton Corporation has sales of $214,000, a contribution margin ratio of 36%, and a profit of $37,000. If 5,000 units were sold, what are total variable costs?

Answered: 1 week ago

Question

★★★★★

Im having a really hard time with this one. Show Me How eBook Make or Buy A company manufactures various-sized plastic bottles for its medicinal product. The manufacturing cost for small bottles is...

Answered: 1 week ago

Question

★★★★★

The in-control model for a certain quality characteristic (x bar.jpg ) is given by CL = 10, UCL = 10.15 and LCL = 9.85 with 3-sigma control limits and n = 16. Calculate the Upper Warning Limit (UWL),...

Answered: 1 week ago

Question

★★★★★

An Australian company has an existing 90-day 8.0% promissory note facility with a face value of AUD 1,400,000, which rolls over in 90 days. When it does roll-over (90 days later), the interest rate...

Answered: 1 week ago

Question

★★★★★

What happens to the price elasticity of the demand for coal when the quantity of coal demanded is measured in kilograms instead of tons? The price elasticity will be neither more nor less elastic....

Answered: 1 week ago

Question

★★★★★

1. Review Critical Legal Thinking Case 17 on page 310 of the textbook entitled United States v. Michaels Jewelers, Inc. Using IRAC, identity the issue(s) in this case. Explain the applicable rule....

Answered: 1 week ago

Question

★★★★★

VIRTUAL M MICHIGAN V Precalculus B | Unit 13 Project: Conics Challenge Directions: In this end-of-unit project, you will use your knowledge of conics to recreate the following rendering of this...

Answered: 1 week ago

Question

★★★★★

Name and identify the placement features of the three business letter formats discussed in this chapter. (Objective 3)

Answered: 1 week ago

Question

★★★★★

Name and explain the two punctuation styles that can be used with letters. (Objective 2)

Answered: 1 week ago

Question

★★★★★

What items are included in the signature block of a letter? How and where is the writer identified in a memo? (Objectives 1 and 5)

Answered: 1 week ago

Previous Question Next Question