Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 31, 2024

The contribution margin ratio is 30%. If total fixed costs are $24,000, then what is the total cost ($) of producing and selling 73,205 units?

The contribution margin ratio is 30%. If total fixed costs are $24,000, then what is the total cost ($) of producing and selling 73,205 units? The selling price is $2 per unit. a. None of the given answers Ob. 43,923 102,487 O c. O d. 122,410 O e. 19,923

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Recognize the methods humans use to solve problems and how humans are also hindered by those same problem-solving methods.

Answered: 1 week ago

Question

★★★★★

COMPUTE CASH PROVIDED BY OPERATING ACTIVITIES Kennington Company's condensed income statement for the year ended December 31, 20-2, was as follows: Net sales........$800,000 Cost of goods...

Answered: 1 week ago

Question

★★★★★

Ivanhoe Company bottles and distributes B - Lite, a diet soft drink. The beverage is sold for 5 0 cents per 1 6 - ounce bottle to retailers. For the year 2 0 2 2 , management estimates the following...

Answered: 1 week ago

Question

★★★★★

How would you most effectively persuade a French partner to invest in a new initiative?

Answered: 1 week ago

Question

★★★★★

Q1: What is managerial accounting, and how does it differ from financial accounting? Q2: What are some common techniques used in managerial accounting?

Answered: 1 week ago

Question

★★★★★

Q1: What are financial ratios, and why are they important? Q2: Explain the difference between liquidity ratios and profitability ratios with examples.

Answered: 1 week ago

Question

★★★★★

Q1: What is the purpose of budgeting in a business? Q2: What is the difference between static and flexible budgets?

Answered: 1 week ago

Question

★★★★★

Q1: Why is ethics important in accounting? Q2: What are some common ethical issues faced by accountants?

Answered: 1 week ago

Question

★★★★★

Q1: What is the purpose of investment analysis in accounting? Q2: What are some common methods used in investment analysis?

Answered: 1 week ago

Previous Question Next Question