Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 14 1 pts Below is the information on three independent companies: Zissou Gustave Tenenbaum Sales $25,000 Total variable cost $10,000 $18,000 $12,750 Total contribution

image text in transcribed

Question 14 1 pts Below is the information on three independent companies: Zissou Gustave Tenenbaum Sales $25,000 Total variable cost $10,000 $18,000 $12,750 Total contribution margin $15,000 $3,000 Fixed cost $4,000 Profit (loss) $8,000 -$1,000 $975 Units sold 1,500 215 Price per unit $5.00 $140.00 Variable cost per unit $12.00 Contribution Margin per unit $2.00 What is Tenebaum's Fixed Cost? (round to the nearest dollar is necessary)

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

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

More Books

Students also viewed these Accounting questions

Question

Discuss the general principles of management given by Henri Fayol

Answered: 1 week ago

Question

Detailed note on the contributions of F.W.Taylor

Answered: 1 week ago

Question

The company openly shares plans and information with employees.

Answered: 1 week ago