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

Question

1 Approved Answer

Question 24 Not yet answered Company XYZ made total contribution margin of $500,000 and a net income of $120.000. The company also made a total

image text in transcribed
Question 24 Not yet answered Company XYZ made total contribution margin of $500,000 and a net income of $120.000. The company also made a total gross margin of $390,000. Assume that the variable selling and administrative expenses were $160,000, how much is the fixed manufacturing cost (5)? a 380,000 b. 270,000 Oc None of the given answers Od 110,000 Marked out of 0.80 Flag question e 270,000

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

Auditing Excellence Principles And Practices In Accounting Ensuring Accuracy Transparency And Compliance In Financial Reporting

Auditing Excellence Principles And Practices In Accounting Ensuring Accuracy Transparency And Compliance In Financial Reporting

Authors: Ryan Flores

1st Edition

B0C6448LC8, 979-8395841360

More Books

Students also viewed these Accounting questions

Question

★★★★★
Eagle Credit Union (ECU) has experienced a 10% default rate with its commercial loan customers (i.e., 90% of commercial loan customers pay back their loans). ECU has developed a statistical test to...

Answered: 1 week ago

Question

★★★★★
Assessment Event 3 - Personal Learning Journals (2 submissions) Weighting: 30 % Learning Outcomes: 1-4 Graduate Attribute: 1, 2, 5 & 6 Due date: Weeks 5 & 12 Personal learning Journal 1 10% (week 5)...

Answered: 1 week ago

Question

★★★★★
122. A plan for an executive travelers club has been developed by an airline on the premise that 10% of its current customers would qualify for membership. a. Assuming the validity of this premise,...

Answered: 1 week ago

Question

★★★★★
On January 1, Year 1, three companies purchased the same make and model copy machine. However, each company made different assumptions regarding the useful life and salvage value of its particular...

Answered: 1 week ago

Question

★★★★★
Value at Year-tnd $ 31 65 43 48 Sandals Company is preparing the annual financial statements dated December 31. Ending Inventory is presently recorded at its total cost of $7,500. Information about...

Answered: 1 week ago

Question

★★★★★
Furthermore: Read the situation below and respond to the guidance questions for each of the activities that follow Furthermore: Read the situation below and respond to the guidance questions for each...

Answered: 1 week ago

Question

★★★★★
Discuss the contributions of Emile Durkheim to sociology, particularly his concepts of social facts and collective conscience.

Answered: 1 week ago

Question

★★★★★
What is the effect of word war second?

Answered: 1 week ago

Question

★★★★★
Required information P2-5 (Algo) Recording Transactions, Preparing Journal Entries, Posting to T-Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2-4, 2-5 [The following...

Answered: 1 week ago

Question

★★★★★
Find the accumulation function F. Then evaluate F at each value of the independent variable and graphically show the area given by each value of the independent variable. (If needed use solid lines...

Answered: 1 week ago

Question

★★★★★
To influence the way in which managers make decisions within organisations, which of the following approaches should be adopted?" Performance measurement system. Reward structure. Performance...

Answered: 1 week ago

Question

★★★★★
2. Delineate seven ways that cultural variables affect communication

Answered: 1 week ago

Question

★★★★★
3. Shake up your clothing and artifacts today. Wear something completely out of character for you, and consider how people react. If you normally dress very casually, try wearing a suit, or if youre...

Answered: 1 week ago

Question

★★★★★
2. Record a new episode of your favorite scripted television show. Try watching it with the sound turned all the way down (and closed captions turned off ). Can you guess whats going on in terms of...

Answered: 1 week ago

Previous Question Next Question