Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me with accounting questions, thank you so much. 1. X LLC has the following information for 2020: Sales 106,362 Variable manufacturing cost 22,267

Please help me with accounting questions, thank you so much.

image text in transcribed
1. X LLC has the following information for 2020: Sales 106,362 Variable manufacturing cost 22,267 Fixed manufacturing cost 19,776 Variable non-manufacturing cost 11,183 Fixed non-manufacturing cost 22,337 Units sold 24,656 Fixed non-manufacturing cost includes 5,000 of interest. This is non-operating in nature. All other costs are operating in nature. 1) What is the contribution margin? 2) What is the gross margin? 3) What is the operating margin

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968

Students also viewed these Accounting questions

Question

What does this mean in statistics P(x)= n C x p x q n-x

Answered: 1 week ago