Tirri Corporation has provided the following information: Cost per Cost per unit period $7.55 $3.95 $1.60...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Tirri Corporation has provided the following information: Cost per Cost per unit period $7.55 $3.95 $1.60 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Sales commission $24,500 $1.10 $0.65 Variable selling and administrative expense Fixed selling and administrative expense $8,900 If the selling price is $28.20 per unit, the contribution margin per unit sold is closet to: $13.35 $10.05 $16.70 $8.15 Tirri Corporation has provided the following information: Cost per Cost per unit period $7.55 $3.95 $1.60 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Sales commission $24,500 $1.10 $0.65 Variable selling and administrative expense Fixed selling and administrative expense $8,900 If the selling price is $28.20 per unit, the contribution margin per unit sold is closet to: $13.35 $10.05 $16.70 $8.15
Expert Answer:
Answer rating: 100% (QA)
Solulion Page No 1 Contui bution margin per unit Sold is Clo set to 1335 so Shats why allothe... View the full answer
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
Students also viewed these accounting questions
-
ABC Corporation has provided the following information concerning a capital budgeting project: The working capital would be required immediately and would be released for use elsewhere at the end of...
-
Ethel Corporation has provided the following information for transactions that occurred during April. This Corporation uses a JIT costing system Raw materials were purchased at a total cost of...
-
Direct plc provided the following information from its records for the year ended 30 September 20X9: Required: Using the direct method of presentation, prepare the cash flows from the operating...
-
For each of the following, indicate whether the item would be reported on the balance sheet (B/S), reported on the income statement (I/S), or not shown in the financial statements (Not) and whether...
-
Lyle Co. was franchised on January 1, 2013. At the end of its third year of operations, December 31, 2015, management requested a study to determine what effect different materials inventory costing...
-
Find the moment-generating function of the negative binomial distribution by making use of the fact that if k independent random variables have geometric distributions with the same parameter , their...
-
Photovoltaics, Inc. is an Arizona-based manufacturer and distributor of photovoltaic solar energy units. The company was founded in 2015 by Arthur Manelas and Harry Linn. Manelas, formerly a research...
-
1. Use STROBE to compare and contrast Evanss and Ketchams offices. What sort of conclusion about each persons use of information technology can you draw from your observations? How compatible do...
-
Question 31 Waivers will always be enforceable when a parent signs on behalf of their child because of the legal principle, in loco parentis. True False Question 32 An Americans with Disabilities Act...
-
John is part of a religious group that believes you should have multiple wives. However, since John realizes that the United States criminalizes plural marriages, he officially marries only one woman...
-
-1 The matrix A= 1 can be diagonalized by the matrix P = 0 3 1 1 and thereby shown similar to 1 D= Use this information to compute 4".
-
What are the advantages of deploying multicast routing protocols like PIM and IGMP in multimedia streaming applications, and how do they optimize bandwidth utilization and reduce network congestion ?
-
Lakeside, Inc. estimated manufacturing overhead costs for the year at $371,000, based on 180,000 estimated direct labor hours. Actual direct labor hours for the year totaled 195,000. The...
-
Grady Inc. owns 100% of the shares of Plaza Ltd. Grady has decided that it does not want Plaza to continue as a separate legal entity. It has asked your assistance on whether to absorb Plaza into its...
-
On March 1 the price of oil is $60 and the July futures price is $59. On June 1 the price of oil is $62 and the July futures price is $63.50. A company entered into a futures contracts on March 1 to...
-
Chang Company provided the following data for this year: Manufacturing overhead costs incurred: Indirect materials $ 1 5 , 1 0 0 Indirect labor 1 3 1 , 0 0 0 Property taxes, factory 8 , 1 0 0...
-
Which definition of risk do you use at your work place? Which other definitions can you find in the literature? Discuss the differences and advantages or disadvantages.
-
When a company has a contract involving multiple performance obligations, how must the company recognize revenue?
-
Infinite Leisure Group owns and operates a number of pubs and clubs across Europe and South East Asia. Since inception the group has made exclusive use of the cost model for the purpose of its annual...
-
(a) Discuss why IAS 40 Investment Property was produced. (b) Universal Entrepreneurs plc has the following items on its PPE list: (i) 1,000,000 the right to extract sandstone from a particular...
-
Charles plc is applying IAS 32 and IAS 39 for the first time this year and is uncertain about the application of the standard. Charles plc balance sheet is as follows: Note 1. The forward contracts...
-
The monetary difference between the price a consumer is willing and able to pay for an additional unit of a good and the price the consumer actually pays is called _________.
-
The demand curve represents a collection of _________ prices that consumers are willing and able to pay for additional quantities of a good or service, while the supply curve represents a collection...
-
Part of the added producer surplus when the price rises as a result of an increase in demand is due to a higher price for the quantity _________ being produced, and part is due to the expansion of...
Study smarter with the SolutionInn App