Estrada Corporation produced 300,000 watches that it sold for $35 each. The company determined that fixed manufacturing

Question:

Estrada Corporation produced 300,000 watches that it sold for $35 each. The company determined that fixed manufacturing cost per unit was $14 per watch. The company reported a $2,700,000 gross margin on its financial statements.

Required

Determine the variable cost per unit, the total variable cost, and the total contribution margin.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Survey Of Accounting

ISBN: 9781260575293

6th Edition

Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds

See More Books

Question Posted: Dec 01, 2020 06:13 AM

See More Questions

Estrada Corporation produced 300,000 watches that it sold for $35 each during 2015. The company determined that fixed manufacturing cost per unit was $14 per watch. The company reported a $2,700,000...
Estrada Corporation produced 300,000 watches that it sold for $35 each during 2019. The company determined that fixed manufacturing cost per unit was $14 per watch. The company reported a $2,700,000...
Barclay Corporation produced 250,000 watches that it sold for $32 each during 2019. The company determined that fixed manufacturing cost per unit was $16 per watch. The company reported a $2,400,000...
For the manipulator shown, find the twist coordinates f; at zero con- figuration and 9st (0) using the product of exponentials approach. Use the base and tool frames shown. (b) (10 points) Find efi0i...
It has been suggested that air at 100 kPa and 25C can be cooled by first compressing it adiabatically in a closed system to 1000 kPa and then expanding it adiabatically back to 100 kPa. Is this...
Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 77,700 ounces from the Blending Department. During the period, the Filling Department...
Find each normal probability for the given parameters. (a) = 5.5, = 0.08, P(5.36 < x < 5.64) (b) = -8.2, = 7.84, P(-5.00 < x < 0) (c) = 18.5, = 9.25, P(x < 0 or x > 37) In Exercises 3-10, use the...
The units of an item available for sale during the year were as follows: There are 36 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the...
Topic: Library Management System Do this project, talk about each step, and don't forget the drawing for each step No handwriting only computer please
This exercise is built around Whole Foods Markets financial statements from the chapter. Several items of additional information are needed: there were no dividends on redeemable preferred stock in...
Use the 2017 Form 10-K for Stanley Black & Decker, Inc. to complete the following requirements. To obtain the Form 10-K, you can use the EDGAR system (see Appendix A at the back of this text for...
Beasley Services Company (BSC) has 50 employees, 28 of whom are assigned to Division A and 22 to Division B. BSC incurred $450,000 of fringe benefits cost during Year 2. Required Determine the amount...
Repeat Problem 3 for the system shown in Figure 5.64, where the torsional viscous damper represents the fluid coupling. The input is the angular displacement $\phi$ at the end of the shaft. K 0000...
4. What is the time complexity of the following procedure for in/2 to n do j 2 end for while (j
If the concentration of a constituent in the influent to the equalization basin is constant over the 24 h period, will the load of the constituent from the basin be constant? If the concentration of...
A three-phase transmission line of a 60 Hz circuit has a length of 370 km (230 miles). the conductors are of the 795,000cm (54/7) type with horizontal spacing of 25 feet between them. The load on the...
Simulate rolling a dice using Math.random() . Your roll function should allow the caller to specify any number of sides, but default to 6 if no side count is given: roll() assumes a 6 sided dice,...
Drama Read the excerpt from a play. Then, answer the question(s). (1) (2) Belle: Having trouble deciding what will make you look like both a power to be reckoned with and a fetching young lady while...
In Problems, write the equation of the line that passes through the given point and has the given slope. Then graph the line. (1, 1) with slope -1/3
Express mass density in kg/m3 and weight density in lb/ft3. 1. Find the mass density of a chunk of rock of mass 215 g that displaces a volume of 75.0 cm3 of water. 2. A block of wood is 55.9 in. x...
How does recording accrued interest affect the accounting equation?
What mechanism is used to adjust the stated interest rate to the market rate of interest?
When the effective interest rate is higher than the stated interest rate on a bond issue, will the bond sell at a discount or premium? Why?
A proposed $2.5 M investment in new equipment at a 100 MG/y M&Ms factory will save the plant $800,000/y in energy costs. Assuming an annual interest rate of 5%/y (compounded annually), and an...
Brief Exercise 10-7 Coronado Company obtained land by issuing 2,250 shares of its $14 par value common stock. The land was recently appraised at $103,240. The common stock is actively traded at $44...
The following schedule reconciles Cele Co.'s pretax GAAP income Pretax GAAP income Nondeductible expense for fines Tax deductible depreciation in excess of GAAP depreciation expens Taxable rental...

Estrada Corporation produced 300,000 watches that it sold for $35 each. The company determined that fixed manufacturing

Question:

Step by Step Answer:

Income Statement Sales revenue 35 x 300000 10500000 Gross ...View the full answer

Survey Of Accounting

Students also viewed these Business questions