Question: Shakeli sold 410,000 iced coffees for $5 per unit. Variable cost per unit is $1, and total fixed costs are $640,000. Calculate the contribution margin

Shakeli sold 410,000 iced coffees for $5 per unit. Variable cost per unit is $1, and total fixed costs are $640,000. Calculate the contribution margin and the operating income. Show your work

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!

13. Breakeven and target profit points (3 points) Portland Antique Stores Weaponry is owned and operated by a craftsman who makes replicas of historic firearms for museums. He is currently producing...

CVP Model and Budget The purpose of this project is twofold: It will give you experience: 1. Undertaking profitability analysis and understanding the link between the cost structure and profitability...

Part B. what formulas do i put in? especially the formulas for the two i can not hard code. Part B. Preparation of sales and puchase budget: You are in the process of preparing budget for 20Y2 for El...

I need help with the blanks and check formula on part B. I need the formulas for Part B_Data File Budget. Part B. Preparation of sales and puchase budget: You are in the process of preparing budget...

Uploaded in the excel is the information from the www.mhhe.com/garrison_opm, when clicking on the link. Question 4a,b,c, and question 5a,b,c are needed. o JA EXERCISE 13A-5 Customer Latitude and...

Private investors like Angels often have high appetitive for investing in scalable -ups of less than five years with promising future (accelerated growth within 5 years). However, the amounts ranges...

Shakeli sold 410,000 iced coffees for $5 per unit. Variable cost per unit is $1, and total fixed costs are $640,000. 1. Calculate the contribution margin and the operating income. 2. The company has...

will someone pls answer and show all work in excel with in the next 6 hours? Final Exam Chapter 5 2. The total cost (TC) of an item is calculated as TC = F + VX, where F is the a. fixed cost during...

please help with 1-4 Riverside Inc, makes one model of wooden canoe. Partial Information for it follows: 645 Number of Cances Produced and Sold 495 795 Total costs Variable costs $ 70,785 2 2 Pixed...

Please answer the attached file. Thanks in advance. Pedro Company provides the following information about its product: Targeted operating income $50,000 Selling price per unit 6.00 Variable cost per...

Show the products you would expect to obtain from reaction of glyceryl trioleate with the following reagents: (a) Excess Br2 in CH2Cl2, (b) H2/Pd (c) NaOH/H2C (d) O3, then Zn/CH3CO2H (e) LiAlH4, then...

On July 1, 2022. Carla Vista Co. pays $16,000 to Sheridan Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the...

What is the minimum percentage of net investment income that a mutual fund must distribute to qualify as a conduit and avoid taxation at the corporate level? A) 0.9 B) 0.5 C) 0.75 D) 1

How often are evaluations of the governance structure performed? Group of answer choices As needed Quarterly Annually Monthly

=+4. How will HR functions such as recruitment and benefits administration change with the increasingly diverse workforce?

=+Exercise 1.2 Contracting Arrangements and HR You are the new assistant to the HR director for your city. The city is considering contracting out its garbage collection services to a for-profit...

=+2. Why might we care that the employees in the public or nonprofit realms are demographically representative of those whom they serve?