Bryce Co. sales are $802,000 variable costs are $461,700 operating income is $246,000. Identify the contribution margin

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

Question:

Bryce Co.

sales are $802,000

variable costs are $461,700

operating income is $246,000.

Identify the contribution margin ratio.

Related Book For answer-question

Accounting Tools for business decision making

ISBN: 978-0470095461

4th Edition

Authors: kimmel, weygandt, kieso

See More Books

Posted Date: Apr 26, 2023 03:10 AM

See More Questions

The Creekside Inn is a restaurant that specializes in southwestern style meals in a moderate price range. Terry Ducasse, the manager of Creekside, has determined that during the last two years the...
The Desert Inn is a restaurant in Tucson, Arizona. It specializes in southwestern-style meals in a moderate price range. Jack Feld, the manager of Desert Inn, has determined that during the last 2...
The Cubbie Inn is a restaurant in DeKalb, Illinois. It specializes in deluxe sandwiches in a moderate price range. Bill Michael, the manager of Cubbie Inn, has determined that during the last 2 years...
Your restaurant has five menu choices for lunch. How many ways can you order them on your menu? A 0.0749 B 0.0747 120
Your roommate, Betty Melton, is confused about sunk costs. Explain to your roommate the meaning of sunk costs and their relevance to a decision to retain or replace equipment.
Explain whether each of the following events will increase, decrease, or have no effect on long-run aggregate supply. a. The United States experiences a wave of immigration. b. Congress raises the...
What are retail banks? What are the main features of their balance sheets?
If bicycle owners do not know whether they are high- or low-risk consumers, is there an adverse selection problem?
Fresh Fruit, Inc. has a $3,000 par value bond that is currently selling for $1,457. It has an annual coupon rate of 14.86 percent, paid semiannually, and has 22-years remaining until maturity. What...
Suppose that the regression model is yi = + xi + i, where the disturbances i have f (i) = (1/) exp (i), i 0. This model is rather peculiar in that all the disturbances are assumed to be positive....
The diameter of a readings are and 1.12cm found to be calculate cylinder is the successive 1-15cm, 1-13 cm, 1.16cm, 1:14 cm error and measure absolute CYTOT?
(a) Write the equation of motion of machine represented by spring and dashpot attached in parallel to the mass when the base is excited by y=YSinot and the response of the machine is x(t). (b) Define...
Consider the function f(x) = ex-1. The graph of this function is provided below. Find the area of the region that is bounded by the graph of f(x) and the x-axis on the interval [-2, 2]. y y = f(x) -2...
It should not be a surprise to learn that nearly everyone has experienced cognitive dissonance after making a purchase of some kind. Describe the event and explain what you did about it. Discuss what...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256...
Galiano Company carried out the following transactions related to its common and preferred shares. The following transactions were carried out during Year 1 : January 1 Issued 8 , 0 0 0 common shares...
3. Consider a 1-D ideal sampling function defined as +oo Sideal(x, Ax) = 5(x-n.Ax) 112=-00 = {(x-n. 2.Ax) 0 and a 1-D rectangular input signal: f(x) = RECT(). (f) If the sampled function is f(x) =...
The Cholesterol Level data sets give cholesterol levels of heart attack patients. Cholesterol measures are taken 2, 4, and 14 days aft er a patient has suffered a heart attack. Is there a significant...
The following represents selected information taken from a company's aging schedule to estimate uncollectible accounts receivable at year-end. Instructions(a) Calculate the total estimated bad debts...
At the end of Snyder Department Stores fiscal year on November 30, 2012, these accounts appeared in its adjusted trial balance. Freight-in ........... $ 5,060 Inventory (beginning) ........ 41,300...
Frattura Company reports net sales of $800,000, gross profit of $560,000, and net income of $230,000. What are its operating expenses?
Active-Ingredients is a company supplying baking ingredients in major hypermarkets that are facing intense competition from many local and foreign brands. Active-Ingredients is thinking of using a...
Nan-Clean is a newly developed cleaning liquid for milk bottles that uses special enzymes to remove dirt effectively. Nan-Clean has been positioned as a product that is made of natural ingredients...
Why do sample surveys have predetermined margins of error?

Bryce Co. sales are $802,000 variable costs are $461,700 operating income is $246,000. Identify the contribution margin

Question:

Expert Answer:

The contribution margin is the difference between sales revenue and variable costs Contribut... View the full answer

Accounting Tools for business decision making

Students also viewed these accounting questions