Question: A project has a contribution margin of $2.16 per unit. If the sales price per unit is $11 and the fixed costs are $24,700. What

A project has a contribution margin of $2.16 per unit. If the sales price per unit is $11 and the fixed costs are $24,700.



What is the amount of total costs at a production level of 6,000 units?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Given information Contribution margin per unit 216 Sales price per unit 11 Fixed cost... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

1. Each question refers to the same initial data. Treat each question separately. Ignore income taxes. Assume no beginning or ending inventories. Calculations and backup should be completed and...

Q:

Production capacity is 2,000,000 units. Direct materials are $.10, Direct labor is $.25, Variable overhead is $.15, and Fixed overhead is $.40 making the total cost per unit $.90. At 2,000,000 units...

Q:

Each question refers to the same initial data. Treat each Part individually. Ignore income taxes. Assume no beginning or ending inventories.Unless stated otherwise, all calculations and income...

Q:

A project has a contribution margin of $2.16 per unit. If the sales price per unit is $11 and the fixed costs are $24,700, what is the amount of total costs at a production level of 6,000 units?...

Q:

A project has a contribution margin of $2.7 per unit. If the sales price per unit is $17 and the fixed costs are $26,500, what is the amount of total costs at a production level of 5,820 units?...

Q:

A project has a contribution margin of $3.27 per unit. If the sales price per unit is $12 and the fixed costs are $28,400, what is the amount of total costs at a production level of 5,630 units?...

Q:

QUESTION 2 Porter Company is analyzing two potential investments. Project X Project Y Initial investment $ 93,720 $ 75,000 Net cash flow: Year 1 31,500 5,500 Year 2 31,500 33,500 Year 3 31,500 33,500...

Q:

TB MC Qu. 23-73 (Algo) Lattimer Company had the following results... Lattimer Company had the following results of operations for the past year: Contribution margin income statement Per Unit Annual...

Q:

Answer the following Questions: 1. Tierra Company prepared the following preliminary forecast concerning Product X for 2017 assuming no expenditure for advertising: Selling price per unit P10 Unit...

Q:

ANSWER PROBLEMS FROM 1-26 1. Tierra Company prepared the following preliminary forecast concerning Product X for 2017 assuming no expenditure for advertising: Selling price per unit P10 Unit sales...

Q:

It is 1 August 2019 and you have been assigned to a local client, Falon Ltd, a company that specializes in manufacturing and selling all kinds of furniture. You are now planning the up -coming audit...

Q:

ucker is an unmarried, 29-year-old taxpayer. He received the following income for the year: Wages: $44,500. Interest from a bank savings account: $50. Unemployment compensation: $7,000. Gift from his...

Q:

Question 4 9 of 1 0 0 . Which statement about Achieving a Better Life Experience ( ABLE ) accounts is TRUE? a . Contributions are deductible on the federal tax return. b . Each donor, and their...

Q:

Equity investments: Less than 20% ownership On September 12, 3,000 shares of Denver Company's common stock are acquired at a price of $40 per share plus a $300 brokerage commission. On October 15, an...

Q:

Refer to Exercise 4. Alejandro, who sent 92 texts, has a standardized score of z=1.89 . a. Interpret this z-score. b. The standard deviation of the distribution of number of text messages sent over...

Q:

Mr. Shrager does not always let his statistics class out on time. In fact, he seems to end class according to his own internal clock. The density curve models the distribution of the amount of time...

Q:

Which systems use the term widget and which prefer control?

Q:

Jack is single and he made his first taxable gift of $1,000,000 in 2008. Jack made additional gifts in 2009, at which time he gave $1,750,000 to each of his three children and an additional...

Q:

Use the definition of the derivative to find the derivative of:f(t)=-6-6tf'(t)=

Q:

Stratford Company distributes a lightweight lawn chair that sells for $15 per unit. Variable costs are $6 per unit, and fixed costs total $180,000 annually. Required: Answer the following independent...

Q:

Hamburgers and More, Inc., sells hamburgers, drinks, and fries. The sales mix is 1:3:2 (i.e., for every one hamburger sold, three drinks and two fries are sold). Using the contribution margin...

Q:

Clear Wells International (CWT) is a not-for-profit organization formed on January 1, 2019. CWI's mission is to provide clean well water in developing countries. They initially thought that they...

Q:

PMI Case Study AT&T Project Management Center of Excellence: Communications Leader Promotes Project Management Leadership As a world leader in communication technology, AT&T connects people from all...

Q:

the question needs calculations to solve it Task 3 (1500 words equivalent) Mahmoud has the following profit scenarios for the three alternatives that he has: Scenario 1 2 3 OMR100,000 OMR40,000...

Q:

When BB Construction receives a new assignment, it takes place according to the following procedure: A client or a contractor who has entered into a design-build contract on behalf of the client...