Paint Corporation has sales of $600,000, a contribution margin ratio of 30%, and a profit of $40,000

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

Question:

Paint Corporation has sales of $600,000, a contribution margin ratio of 30%, and a profit of $40,000 and 20,000 units were sold,

What is the variable cost per unit?

Related Book For answer-question

Managerial Accounting

ISBN: 9781119577669

4th Edition

Authors: Charles E. Davis, Elizabeth Davis

See More Books

Posted Date: Jul 31, 2023 06:22 AM

See More 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...
These questions are based on the Titan Boat Case. The calculations in this assignment involve basic marketing math. 1) What is the retail sales price of the 26 foot model? 2) What is the variable...
The financial statements of Zoro Industries for the year ended Dec. 31, 2021, are given below. Zoro Industries Income Statement For the year Ended Dec. 31, 2021 Sales Revenue P160,000.00 Less: Cost...
Plastic Co Pte Ltd (Plastico) is a Fiji company. The company has issued and paid up capital of $250,000 held in equal parts by two brothers. The companys business involves making plastic products for...
You manage a company that competes in an industry that is comprised of five equal-sized firms that produce similar products. A recent industry report indicates that the market is fairly saturated, in...
Using the appropriate control chart, determine two-sigma control limits for each case: a. An inspector found an average of 3.9 scratches in the exterior paint of each of the automobiles being...
In 2001, the City of New York and the Dormitory Authority of the State of New York (DASNY) entered into an agreement to build a forensic biology laboratory in Manhattan. Per the agreement, DASNY...
Assume the facts in E13-5 except that Matt Broderick Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without...
If Bob faces a 20% chance of losing $20 or an 80% chance of losing nothing. What is the expected loss and variance?
1. As part of your college experience, do you think you would benefit from participating in a campus ambassador or campus rep program? Why or why not? 2. In what ways would participating in a campus...
California state law requires the use of Type UFE brakes for all trucks operating within the state. Likewise, Type VEK brakes are illegal in California although they are required to be used in...
Purchase Considerations Borrow $1.6 million at 10 percent on declining balance Depreciate stratight line over five years Trade-in value of $130,000 at end of useful life Maintenance expense of...
If 8(n) is a unit-impulse, using the definition of convolution, show that x(n)* 8(n-k) = x(n-k) (for an arbitrary signal x(n). Assume the impulse response of an LTI system is given by: h(n) = {1, 2,...
Continuous improvement violates which regression analysis assumption? Multiple choice question. The errors in estimating the costs are independent of the cost drivers. The errors in estimating the...
Design a program that generates at random a series of 20 numbers in the range of 1 through 100. The program should store the numbers in a list and then display the following data: The lowest number...
1. Based on both your own experiences and what you've learned, what is YOUR definition of marketing? (Feel free to note how the text, our discussions in class, the book you're reading or research...
Chippendale is the sole proprietor of a furniture shop. On 31st December 2016, his accountant retired and the accounts of the business have been subsequently kept by Chippendale's secretary. As shown...
Assume you are the accountant for Catalina Industries. John Catalina, the owner of the company, is in a hurry to receive the financial statements for the year ended December 31, 20X1, and asks you...
What might you conclude if the Accounts Receivable percentage for Company A on its common-size balance sheet was greater than the same percentage for Company B? Assume the companies are in the same...
Refer to the data in Exercise 6.1. Assume that Rogers Sports actually sold 2,200 volleyball kits during the year at a price of $102 per kit. Data from Exercise 6.1: Rogers Sports sells volleyball...
Budgeting is needed only in large organizations. As a small business owner, I dont need to waste time preparing a budget. Do you agree with this statement? Why or why not?
By conducting testcrosses, researchers have found that the sweet pea plant has seven linkage groups. How many chromosomes would you expect to find in leaf cells of sweet pea plants?
Describe the unique features of ascomycetes that facilitate genetic analysis of these fungi.
Though we often think of genes in terms of the phenotypes they produce (e.g., curly leaves, flaky tail, brown eyes), the molecular function of most genes is to encode proteins. Many cellular proteins...

Paint Corporation has sales of $600,000, a contribution margin ratio of 30%, and a profit of $40,000

Question:

Expert Answer:

To calculate the variable cost per unit we first need to find the total contribution margin Contribu... View the full answer

Managerial Accounting

Students also viewed these accounting questions