Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 03, 2024

Payton Corp. has sales of $212,000, a contribution margin ratio of 34%, and a target profit of $41,000. If 8,000 units were sold, what are

Payton Corp. has sales of $212,000, a contribution margin ratio of 34%, and a target profit of $41,000. If 8,000 units were sold, what are total variable costs? Multiple Choice $1 $139920 5253.000 6212.000

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

Managerial Accounting For Managers

Authors: Eric Noreen, Peter Brewer, Ray Garrison

6th Edition

1264100590, 9781264100590

More Books

Students also viewed these Accounting questions

Question

★★★★★

The teacher from Problem 21 also tried a different approach to determining whether changing answers helps or hurts exam grades. In another class, students were told to review their final exams and...

Answered: 1 week ago

Question

★★★★★

Prove Keplers third law of motion. Use Eqs. 1319, 1328, 1329, and 1331. Eqs. 1319 1 r C cos 0 + GM h (13-19)

Answered: 1 week ago

Question

★★★★★

=+2 Identify the treatment and response.

Answered: 1 week ago

Question

★★★★★

Comas Corporation manufactures metal roofing in two departments: Pressing and Painting. Sheets of metal material are formed in the Pressing Department before being transferred to the Painting...

Answered: 1 week ago

Question

★★★★★

Youth Cheetah Academy is one of tuition centre in Malaysia. They started their operation since 2021 and have several branches at Kuala Lumpur. Shah Alam and Klang. Below is the information for each...

Answered: 1 week ago

Question

★★★★★

Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: Sales Accounts receivable: Beginning of year End of year 2019 2018...

Answered: 1 week ago

Question

★★★★★

Your client is renovating an older Victorian style home into a 2-family dwelling with one unit on the ground floor and another on the 2nd floor. There are no windows on either side of the building as...

Answered: 1 week ago

Question

★★★★★

The following three lines do not have a common intersection: x+y=4, x-y=4 and x + 2y = 2. However, we can find an "approximate solution" to this system of equations by finding a point (x, y) that is...

Answered: 1 week ago

Question

★★★★★

Prepare the journal entry to record Zende Company's issuance of 75,000 shares of $5 par value common stock assuming the shares sell for: a. $5 cash per share. b. $6 cash per share. es View...

Answered: 1 week ago

Question

★★★★★

Hashing is a one-way function that maps a message to a fixed-size sequence of bits (hashed value) with the assumption it is extremely difficult to reverse the process. Given the hashed-value, it is...

Answered: 1 week ago

Question

★★★★★

Give me an example and evidence to prove that Boeing's investor relations website is doing a good job in preventing selective disclosure. The example (evidence ) should be kind of doing a comparison...

Answered: 1 week ago

Question

★★★★★

5. Think through your own way of representing the world. What is your main pattern: Visually, verbally, emotions, smells, tastes?

Answered: 1 week ago

Question

★★★★★

1. Think of a situation in the workplace where you meet a person for the first time, which you know you will have a lot to do with in the future. a. Name three things about yourself that you will try...

Answered: 1 week ago

Question

★★★★★

3. List four points that you think are important to give the individual attention, when he or she is going to sell an argument or an idea to you.

Answered: 1 week ago

Previous Question Next Question