Question: EXERCISE 6-6 Examining Cost Behaviour and Contribution Margin (L01 - CC1, 3; L02 - CC7; L03 - CC12] Bikes Manufacturing produces and sells children's bikes

EXERCISE 6-6 Examining Cost Behaviour and Contribution Margin (L01 - CC1, 3; L02 - CC7; L03 - CC12] Bikes Manufacturing produces and sells children's bikes at an average price of $60. Its costs are as follows: direct materials, $12; direct labour, $7: variable overhead, $3; sales commission, 5% of price. Its fixed monthly costs are $38,000. Required: 1. Using the above cost data, set up a monthly cost equation. 2. What is the company's contribution margin percentage? Questions 1. What are the issues involved in business philanthropy to universities? 2. Who are the stakeholders influencing these issues and/or those influenced by them? 3. What role does business have in funding universities and colleges? How will the York incident influence business support for universities

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