Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 29, 2024

Tommy Ltd. Sells t-shirts. The total sales for the week was $8,000 and the contribution margin was $0.96. The company sold 2,000 t-shirts for the

Tommy Ltd. Sells t-shirts. The total sales for the week was $8,000 and the contribution margin was $0.96. The company sold 2,000 t-shirts for the week. Compute the variable cost per t-shirt .

Step by Step Solution

★★★★★

3.40 Rating (162 Votes )

There are 3 Steps involved in it

Step: 1

To compute the variable cost per tshirt we first need to find the tota... 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

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

Managerial Accounting

Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp

1st Canadian Edition

978-0132490252, 132490250, 978-0176223311

More Books

Students also viewed these Accounting questions

Question

★★★★★

The Savannah Shirt Company makes two types of T-shirts: basic and custom. Basic shirts are plain shirts without any screen printing on them. Custom shirts are created using the basic shirts and then...

Answered: 1 week ago

Question

★★★★★

Ethiopian Civil Service University Department of Public Financial Management and Accounting Advanced Cost and Management Accounting Work Sheet on Chapter I, II and III General instruction: Attempt...

Answered: 1 week ago

Question

★★★★★

The Jacksonville Shirt Company makes two types of T-shirts: basic and custom. Basic shirts are plain shirts without any screen printing on them. Custom shirts are created using the basic shirts and...

Answered: 1 week ago

Question

★★★★★

A projectile launcher fires a marble of mass 2 5 grams perfectly vertical. The launcher uses a spring with a constant, k , of 6 0 . 0 Newtons / meter . If the spring is depressed 1 5 centimeters and...

Answered: 1 week ago

Question

★★★★★

Find the present value and the compound discount of (a) $3600 due in 9 years if interest is 8% com- pounded semi-annually; (b) $9000 due in 5 years if money is worth 6.8% compounded quarterly.

Answered: 1 week ago

Question

★★★★★

You wish to show that the average hourly wage of electricians in the state of California is different from $21, which is the national average. This is the alternative hypothesis, written as H :m ?21...

Answered: 1 week ago

Question

★★★★★

In your opinion, what are the most important advantages and disadvantages of recent forms of technology on the practice of clinical psychology?

Answered: 1 week ago

Question

★★★★★

Gold Tracker monitors the price of precious metals and has daily data on prices and sales of gold for the past several years. They estimated the following relationship (250 observations):...

Answered: 1 week ago

Question

★★★★★

Part 2: Short Problem (Total: 10 points) Oakland Company makes two products, Product A and Product B. Data regarding the two products follow: Direct Labor-Hours per Unit 0.70 0.30 Product A Product B...

Answered: 1 week ago

Question

★★★★★

Assignment Instructions The newly appointed accountant of a start-up company Pioneer Limited, which has received funding from two sharks jointly in the Shark Tank against the issue of debentures, has...

Answered: 1 week ago

Question

★★★★★

Required information Use the following information for the Exercises 89 below. (Algo) [The following information applies to the questions displayed below.] On June 30, Sharper Corporation's...

Answered: 1 week ago

Question

★★★★★

This is an individual project; all work must be your own. Contact me if you have questions. Part 1 : Data Analysis ( 7 0 points ) Your friend owns a company that offers 1 - day educational tours to...

Answered: 1 week ago

Question

★★★★★

A national licensure system could be implemented at the state or national level and would involve the issuance of a license based on a standardized set of criteria for the practice of health care...

Answered: 1 week ago

Question

★★★★★

PopUp Company produces two types of toasters, basic and deluxe.For the current period, the company reports the following data: Basic Toaster Deluxe Toaster Volume 20,000 units 5,000 units Machine...

Answered: 1 week ago

Question

★★★★★

The comparative condensed balance sheets of Able Corporation are presented below. ABLE CORPORATION Comparative Condensed Balance Sheets December 31 2021 2020 Assets Current assets $ 72,000 $ 80,000...

Answered: 1 week ago

Question

★★★★★

Describe a situation in which a weak but easy-to-use password may be adequate? In a typical office, biometric authentication might be used to control access to employees and registered visitors only....

Answered: 1 week ago

Question

★★★★★

1- How do financial markets pool and communicate the information regarding issuers of financial instruments in a convenient way? 2- Can a financial instrument be bought and sold in both a primary and...

Answered: 1 week ago

Question

★★★★★

Explain five different cases of income exempt from tax with clear examples.

Answered: 1 week ago

Question

★★★★★

Brandon Wholesalers has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Brandon Wholesalers has experienced the following...

Answered: 1 week ago

Question

★★★★★

Skyline Music is considering investing $750,000 in private lesson studios that will have no residual value. The studios are expected to result in annual net cash inflows of $100,000 per year for the...

Answered: 1 week ago

Question

★★★★★

The Carlyle Company is in the process of preparing its manufacturing overhead budget for the upcoming year. Sales are projected to be 40,000 units. Information about the various manufacturing...

Answered: 1 week ago

Question

★★★★★

Use Rule 1 to raise the following fractions to higher terms with a common denominator of 48: (a) 689 11 16 -im 66 33 16 113 113 112 112 (c) - 21% 22 2 = 22 4 1 1 4 28 88 || 8180 91 -16 911 (d)

Answered: 1 week ago

Question

★★★★★

Use the techniques and procedures developed in Problems 1.5 to 1.10 to factor the following expressions in which the coefficient of the x2 term is no longer limited to 1. Of all the possible...

Answered: 1 week ago

Question

★★★★★

Factor each of the following, noting that there is no x term and the constant term is negative. (a) x2 81 Here (c d) is negative and (c + d) = 0. For this to be true, the factors must be of...

Answered: 1 week ago

Previous Question Next Question