For a manufacturing company, selling price for an item is $478.00 per Unit, Variable cost is...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
For a manufacturing company, selling price for an item is $478.00 per Unit, Variable cost is $300.00 per Unit, rent is $7,928.00 per month and insurance is $3000 per month. What is the contribution margin? Submit For a manufacturing company, selling price for an item is $478.00 per Unit, Variable cost is $300.00 per Unit, rent is $7,928.00 per month and insurance is $3000 per month. What is the contribution margin? Submit
Expert Answer:
Answer rating: 100% (QA)
To calculate the contribution margin you need to subtract the variable cost per unit from ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Study the information given below and answer the following questions: (25 Marks) 1.1 Calculate the Payback Period of both machines (answers expressed in years, months and days). (5 marks) 1.2 Which...
-
Joan Keathley has been trying to convince her boss, Jeff Hamilton, to use variable costing for internal reporting purposes. "If we could predict demand better, it wouldn't be an issue," argued Joan....
-
Use information from Milestone One and the provided Milestone Two Market Research Data Appendix to conduct a cost-volume profit analysis. Complete the Contribution Margin Analysis and Break-Even...
-
The quantity called mass density is the mass per unit volume of a substance. What are the mass densities in SI units of the following objects? a. A 215 cm 3 solid with a mass of 0.0179 kg. b. 95 cm 3...
-
Locate the centroid z of thesolid. = a(a-) 2a y
-
The total numbers of animal and plant species in the United States that are listed as endangered or threatened are shown in Table 50 for various years. Let n be the number of species that are listed...
-
Assume that the block on the table in Figure P8.43 has half the inertia of the hanging block. (a) You push the block on the table to the right so that it starts to move. If the magnitude of the...
-
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hin the missing amounts would be to prepare a contribution format income statement for...
-
Based on the information presented in the minicase, and the discussion in both Chapter 2 and this chapter, to what extent does Elon Musk fit the general charac- teristics of an entrepreneur and a...
-
A person who has no credit history (or maybe bad credit) may have no other choice than to take out a(n): secured credit card affinity card personal line of credit unsecured credit card
-
3. Define the following terms in 20-50 words? A. Empowerment B. Best practice approach C. Person centred practice
-
MN National Bank make the following interest rate collar: 10 millions, 9.75% interest rate cap with a price of 1.625% of face value 10 millions, 3.35% interest rate floor with a price of 1.475 % of...
-
Tom has been asked to implement a solution that will help his organization apply least privilege principles to local administrative accounts as well as to Windows domain accounts. What type of...
-
Sally is working for Nokia in Finland. She has completed 10 month of her 12-month project, budget at $800,000. Her Earned Value analysis shows that variance at completion is $75,000. What is the...
-
Use Java to write a Cache Simulator that emulates a direct-mapped cache. You must be able to create a Cache with a specified address size, word size, block size and number of lines. You will create a...
-
The engineering design and testing group for Honda Corp. does contract-based work for automobile manufacturers throughout the world. During the last 3 years, the net cash flows for contract payments...
-
During registration at Tech every quarter, students in the Department of Management must have their courses approved by the departmental advisor. It takes the advisor an average of 4 minutes...
-
Ellis Perry is an electronics components manufacturer. Information about the companys two products follows: The company incurs $840,000 in overhead per year and has traditionally applied overhead on...
-
What is a master budget? What are the component parts of the master budget, and how are those components related?
-
What is a direct materials price variance?
-
The pocket of hot air appears to be a pool of water because A. Light reflects at the boundary between the hot and cool air. B. Its density is close to that of water. C. Light refracts at the boundary...
-
Which of these changes would allow you to get closer to the mirage before it vanishes? A. Making the pocket of hot air nearer in temperature to the air above it B. Looking for the mirage on a windy...
-
If you could clearly see the image of an object that was reflected by a mirage, the image would appear A. Magnified. B. With up and down reversed. C. Farther away than the object. D. With right and...
Study smarter with the SolutionInn App