Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Sales Volume1,0004,0008,000Sales revenue $ 35,000 $ 140,000 $ 280,000Cost of goods sold 12,500 50,000 100,000Gross profit 22,500 90,000 180,000Operating expenses Advertising expense 650 1,400 2,400

Sales Volume1,0004,0008,000Sales revenue $ 35,000 $ 140,000 $ 280,000Cost of goods sold 12,500 50,000 100,000Gross profit 22,500 90,000 180,000Operating expenses Advertising expense 650 1,400 2,400 Salaries and wages expense 20,000 26,000 34,000 Insurance expense 3,700 3,700 3,700 Postage expense 1,250 5,000 10,000 Depreciation expense 5,000 5,000 5,000Total operating expenses 30,600 41,100 55,100Operating income$ ($8,100) $ 48,900$ 124,900

Using the data above for Harris Tomes, calculate the contribution margin per photograph. ROUND YOUR ANSWER TO 2 DECIMAL PLACES . DO NOT INCLUDE A $ IN YOUR ANSWER.

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

Students also viewed these Accounting questions