FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help soon! thank you! customeris $2 company purchases battery powered bikes from a manufacturer for $1,505 per unit and then sells them to its

please help soon! thank you!
image text in transcribed
customeris $2 company purchases battery powered bikes from a manufacturer for $1,505 per unit and then sells them to its customers for $3,400 each. The company's monthly selling and administrative costs are the following: Last monti sold 58 units. How much was the company's total contribution margin for the month? $109,910$87,290$92,162$105,038

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_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

Managerial Accounting

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

12th Edition

978-0073526706, 9780073526706

More Books

Students also viewed these Accounting questions

Question

★★★★★
Often it is difficult to distinguish between the probability of anointer section of outcomes (joint probability) and the probability of a conditional outcome (conditional probability). Classify the...

Answered: 1 week ago

Question

★★★★★
A model for the populations of two interacting species of animals is dx/dt = k 1 x( - x) dy/dt = k 2 xy. Solve for x and y in terms of t.

Answered: 1 week ago

Question

★★★★★
2. What is the difference between gender and sexual orientation, and why is this distinction important for marketers? Six major aspects of consumer diversity have important effects on consumer...

Answered: 1 week ago

Question

★★★★★
Suppose the dollar/franc exchange rate equals $0.50 per franc. According to the purchasing-power- parity theory, what will happen to the dollars exchange value under each of the following...

Answered: 1 week ago

Question

★★★★★
please help soon! thank you! customeris $2 company purchases battery powered bikes from a manufacturer for $1,505 per unit and then sells them to its customers for $3,400 each. The company's monthly...

Answered: 1 week ago

Question

★★★★★
The annual inflation rate is 4 . 0 7 5 % . The current interest rate is 9 . 9 5 0 % compounded quarterly. What is the annual real ( inflation adjusted ) rate of return? Question 5 Answer a . 6 . 5 4...

Answered: 1 week ago

Question

★★★★★
Define the term "Leasing"

Answered: 1 week ago

Question

★★★★★
What do you mean by Dividend ?

Answered: 1 week ago

Question

★★★★★
What is database?

Answered: 1 week ago

Question

★★★★★
What are Mergers ?

Answered: 1 week ago

Question

★★★★★
Analyze the causes and consequences of the Great Depression (1929-1939) on American society and politics. How did the New Deal programs address the economic and social challenges of the era, and to...

Answered: 1 week ago

Question

★★★★★
LO2.2 List the main characteristics of the market system.

Answered: 1 week ago

Question

★★★★★
LO2.5 Describe the mechanics of the circular flow model.

Answered: 1 week ago

Question

★★★★★
LO2.3 Explain how the market system answers the five fundamental questions of what to produce, how to produce, who obtains the output, how to adjust to change, and how to promote progress.

Answered: 1 week ago

Previous Question Next Question