Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Silver & Gold Enterprises sells two products, Silver models and Gold models. The company predicts that it will sell 5,700 Silver models and 4.400 Gold

image text in transcribed
image text in transcribed
Silver & Gold Enterprises sells two products, Silver models and Gold models. The company predicts that it will sell 5,700 Silver models and 4.400 Gold models in the next period. The unit contribution margins for Silver models and Gold models are $70 and $100, respectively. What is the weighted average unit contribution margin? O A. $147.19 B. $90.68 OC. $43.56 OD. $83.07 It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $5 apiece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $14,000 a month rent for his factory and store, and also pays $76,000 a month to his staff in addition to the commissions. Homer sold 69,500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit? A. $52,125 B. $205,375 OC. $347,500 OD. $295,375

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

Recommended Textbook for

Global Taxation How Modern Taxes Conquered The World

Authors: Philipp Genschel, Laura Seelkopf

1st Edition

0192897578, 978-0192897572

Students also viewed these Accounting questions