Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 25, 2024

Sales Variable Cost Contribution margin Fixed Cost Net Income Contribution margin ration $255000 $185000 0.55 Compute sales, CM and Net income

Sales	Variable Cost	Contribution margin	Fixed Cost	Net Income	Contribution margin ration
	$255000		$185000		0.55

Compute sales, CM and Net income

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

Product Costing Concepts And Applications

Authors: Ralph S. Polimeni

3rd Edition

0072390840, 978-0072390841

More Books

Students also viewed these Accounting questions

Question

★★★★★

Most query optimization techniques are designed to make the optimizers work easier. What factors should you keep in mind if you intend to write conditional expressions in SQL code?

Answered: 1 week ago

Question

★★★★★

Suppose the 1 year risk free rate is 5%. The current stock price for Tesla is $823. You buy (go long) a forward contract for one share of Tesla with delivery one year from now. If the price of Tesla...

Answered: 1 week ago

Question

★★★★★

How will you grade work if you have successfully differentiated instruction?

Answered: 1 week ago

Question

★★★★★

Harold Co. reported the following current-year purchases and sales data for its only product. Harold uses a perpetual inventory system. Determine the costs assigned to ending inventory and to cost of...

Answered: 1 week ago

Question

★★★★★

2. Analyze the following game where ROW plays U with probability p and COL plays L with probability q. Game 2 : a weighted average of her payoffs from pure strategies (where the weights are...

Answered: 1 week ago

Question

★★★★★

In year 0, the current term-structure of spot rates are as follows (with continuous compounding): Maturity (years) Spot rate (% per annum) 1 2 3.0 4.0 A bank offers special bond A where investors can...

Answered: 1 week ago

Question

★★★★★

Current Attempt in Progress The following transactions of Beltville College transpired during 2025. The funds necessary are the Endowment Fund, the Annuity Fund, the Plant Fund-Unexpended, the Plant...

Answered: 1 week ago

Question

★★★★★

Given Information:" Enter a formula in the place of each "?" Make sure to use a conditional statement in cell D33. 1 Cash on hand at the company and not yet deposited at the bank. 5,475 2 EFT for...

Answered: 1 week ago

Question

★★★★★

B. Franc earns $15 an hour as a delivery driver. His company also pays him $30 a week for car maintenance. What is the function that describes Franc's weekly earnings? 1 answer

Answered: 1 week ago

Question

★★★★★

1. Matilda has been highly agitated for the past 2 weeks, particularly when watching TV. She believes that news stories about crimes occurring nationally are directed at her and that the reporters...

Answered: 1 week ago

Question

★★★★★

Greg, 40, and Melanie, 38, come to therapy with their son Adrian, who is 13. Greg explains that Adrian has always been a little different. He describes his son as a reader and a dreamer who was...

Answered: 1 week ago

Question

★★★★★

Summarize life insurance and disability insurance.

Answered: 1 week ago

Question

★★★★★

Discuss voluntary benefits.

Answered: 1 week ago

Question

★★★★★

Identify employee service benefits.

Answered: 1 week ago

Previous Question Next Question