Total fixed costs are $25,000 for Oaks Inc. It has a contribution margin per unit of $15,
Question:
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 82% (23 reviews)
250...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
Contribution margin, Break-even units, Break-even sales, Margin of Safety, degree of operating leverage : aldovar company produces a variety of chemicals. One division makes reagents for...
-
Compute the contribution margin per unit and the number of tickets Funday Park must sell to break even. Perform a numerical proof to show that your answer is correct? Use the following information to...
-
Total fixed costs are $25,000 for Haag Inc. It has a contribution margin per unit of $15, and a contribution margin ratio of 25%. Compute the break-even sales in dollars.
-
At the beginning of 2020, Braun Corporation had the following stockholders equity balances in its general ledger: Common stock, $10 Par Value $2,500,000 Paid-in capital in excess of par 1,500,000...
-
Caribbean Tours' total payroll for the month of January was $500,000. The following withholdings, fringe benefits, and payroll taxes apply: Federal and state income tax withheld...
-
To be effective, what characteristics should feedforward, concurrent, and feedback controls have?
-
Overhead cost of products Florette Company applies manufacturing overhead using di- rect labor hours as the application base. In 1992, budgeted overhead was $868,000 and budgeted direct labor was...
-
To display desserts in restaurants, Mario Sclafani ordered refrigeration units from Felix Storch, Inc. Felix faxed a credit application to Sclafani. The application was faxed back with a signature...
-
Question 2 ( 1 0 Marks ) ( 2 0 minutes ) Sam has been a resident of Ottawa, Canada all of his life. He was recently offered a lucrative job with an investment firm in Chicago, IL . After careful...
-
Use the data in the Excel file Baseball Attendance to do the following: a). Develop spreadsheet models for forecasting attendance using single moving average and single exponential smoothing. b)....
-
Agler Companys Speedo calculator sells for $40. Variable costs per unit are estimated to be $28. What are the contribution margin per unit and the contribution margin ratio?
-
Susie Tobias asks your help in constructing a CVP graph. Explain to Susie (a) How the break-even point is plotted, and (b) How the level of activity and dollar sales at the break-even point are...
-
Consider the foam thickness data from Exercise 10-39. Is there any indication that the variances of foam thickness are different at the two different levels of temperature? Exercise 10-39 An article...
-
What are some of the struggles that businesses have in implementing LEAN manufacturing principles?Explain
-
When using the four-step process for organizing creative thinking, which step involves ideas beginning to flow?
-
What must quantitative researcher know about the construction process of a survey that would ensure a valid, reliable assessment instrument
-
Discuss components of Facility (role, location and capacity) and components of Inventory(cycle, safety, seasonal and level of product availability) with reference to wooden bakery.
-
Discuss a plan to maintain a climate of excellent customer service in your organization. How will you monitor progress and sustainability?
-
If the 3-in.-diameter short rod is made from brittle material having an ultimate strength of \(\sigma_{\text {ult }}=60 \mathrm{ksi}\), for both tension and compression, determine if the shaft fails...
-
Find the APR in each of the following cases: NUMBER OF TIMES COMPOUNDED Semiannually Monthly Weekly Infinite EAR APR 10.4% 8.9 11.6 15.4
-
What are two basic parameters that allow for ease of atomic substitution of one ion for another?
-
Indicate how each of these accounts should be classified in the stockholders equity section of the balance sheet. (a) Common Stock. (b) Paid-in Capital in Excess of Par Value. (c) Retained Earnings....
-
Three dates associated with Leon Companys cash dividend are May 1, May 15, and May 31. Discuss the significance of each date and give the entry at each date.
-
Contrast the effects of a cash dividend and a stock dividend on a corporations balance sheet.
-
[ The following information applies to the questions displayed below. ] Deliberate Speed Corporation ( DSC ) was incorporated as a private company. The company s accounts included the following at...
-
Plasto incorporated manufactures and sells arboxal, a chemical used in the manufacture of plastic. To produce arboxal, Plasto uses three direct materials arcol, bonal and oxal Because of evaporation...
-
As of 3 0 June 2 0 2 3 , Laragh Ltd ' s balance sheet disclosed the following details about its assets and liabilities: Assets ( $ 0 0 0 ) : Computers at cost: 3 0 0 Accumulated depreciation: ( 6 0 )...
Study smarter with the SolutionInn App