Question: Nora Inc sells a single product for $24 Variable costs include $8.40 for each unit plus a 8% sales commission. Fixed costs are $163,590 per

Nora Inc sells a single product for $24 Variable costs include $8.40 for each unit plus a 8% sales commission. Fixed costs are $163,590 per month a. What is the contribution margin percentage? Contribution Margini 57% b. What is the break even sales revenue? Broak Evon Sales Revenue $ 207 000 c. What sales revenue is needed to achieve a $127.110 per month profit? Total Sales Raventie Needed

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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 Accounting Questions!

On November 1, the firm of Bowes, Simmons, and Ahmad decided to liquidate its partnership. The partners have capital balances of $69,000, $85,000, and $12,000, respectively. The cash balance is...

Nora Inc, sells a single product for $24. Variable costs include $8.40 for each unit plus a 8% sales commission Fixed costs are $163,590 per month a. What is the contribution margin percentage?...

Nora Inc. sells a single product for $24. Variable costs include $9.60 for each unit plus a 7% sales commission. Fixed costs are $156,880 per month o. What is the contribution margin percentage?...

Nora Inc. sells a single product for $24. Variable costs include $8.40 for each unit plus a 8% sales commission Fixed costs are $163,590 per month a. What is the contribution margin percentage? b....

39 bints Skipped Problem 6-107 ((Algo) [LO 6-1, 6-2] Nora Inc. sells a single product for $23. Variable costs include $8.05 for each unit plus a 6% sales commission. Fixed costs are $172,280 per...

Nora Inc. sells a single product for $15. Variable costs include $5.85 for each unit plus a 9% sales commission, Fixed costs are $150,800 per month a. What is the contribution margin percentage?...

Nora Inc. sells a single product for $19. Variable costs include $7.41 for each unit plus a 5% sales commission. Fixed costs are $158,480 per month. a. What is the contribution margin percentage?...

Nora Inc. sells a single product for $25. Variable costs include $8.75 for each unit plus a 10 % sales commission. Fixed costs are $162,250 per month. a. What is the contribution margin percentage?...

Nora Inc. sells a single product for $23. Variable costs include $8.74 for each unit plus a 5% sales commission. Fixed costs are $164,730 per month. a. What is the contribution margin percentage?...

Nora Inc. sells a single product for $21. Variable costs include $8.61 for each unit plus a 6% sales commission. Fixed costs are $151,580 per month a. What is the contribution margin percentage?...

pters 4-6) Nora Inc, sells a single product for $22. Variable costs include $7.70 for each unit plus a 7% sales commission. Fixed costs ar $172.260 per month a. What is the contribution margin...

On 2017-02-01, P purchased 27% of the outstanding shares of TORT common stock for $65,195 . P accounted for the investment using the equity method . On 2017-07-15, P received a cash dividend of...

Pea Corporation purchased 75 percent of the outstanding voting stock of Sen Corporation for $2,400,000 on January 1, 2011. Sen's stockholders' equity on this date consisted of the following (in...

Question 3 0 ( 3 points ) If the risk - free rate is 8 percent and the market risk premium is 2 percent, what is the required return for the market? 2 % 6 % 8 %

Compute lead time bhojraj Fabricators Inc. metal parts gor the automotive industry.

Determine how you will monitor and report progress toward your groups goals. Will the group hold a weekly status meeting? Will members circulate daily e-mails to update one another?

A How important is it to have all the players on a team speak the same language? Would having a single language policy increase group cohesion? What might the downsides of such a policy be?

Identify the resources your group will need to accomplish its goals. Include such things as members time, office space, funds, and equipment. By anticipating resources, you avoid getting into a...