Homework Answers
Total variable cost=Variable manufacturing costs+Variable selling and administrative costs
=(42500+15000)=$57500
Contribution margin=Sales-Variable cost
=125,000-57500
=$67500
Add Answer to:
The following information is provided for Southall Company: Sales revenue Variable manufacturing costs Fixed manufacturing costs...
5 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling...
5 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $274,000 93,000 67,000 38,000 33,000 What is this company's contribution margin? Multiple Choice o $43.000 $76.000 5114000 $143.000 6 Sales revenue (1,700 units * $19.20 per unit) Cost of goods sold (variable; 1,700 units x $9.20 per unit) Cost of goods sold (fixed) Gross margin Administrative salaries Depreciation Supplies (1,700 units * $1.20 per unit) Net income $ 32,640 (15,640) (3,200)...
At its $30 selling price, Atlantic Company has sales of $30,000, variable manufacturing costs of $5,000,...
At its $30 selling price, Atlantic Company has sales of $30,000, variable manufacturing costs of $5,000, fixed manufacturing costs of $1,000, variable selling and administrative costs of $4,000 and fixed selling and administrative costs of $1,000. What is the company's contribution margin per unit? Multiple Choice
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing...
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.05 $3.50 $1.65 $11,000 $1.00 $0.40 $ 5,500 If the selling price is $18.70 per unit, the contribution margin per unit sold is closest to: Multiple Choice o $1.80 o 0 $5.10 $5.10 o 0 $8.15 $8.15 o o $4.30 Rhome Corporation's relevant range of activity is...
The following static budget is provided: Per unit $50 Total $750,000 Sales Less variable costs: Manufacturing...
The following static budget is provided: Per unit $50 Total $750,000 Sales Less variable costs: Manufacturing costs Selling and administrative costs 20 300,000 10 150,000 $20 $ 300,000 Contribution margin Less fixed costs: Manufacturing costs Selling and administrative costs 76,000 126,000 Total fixed costs 202,000 Net income $ 98,000 What will be the overall volume variance if 18,000 units are produced and sold? Multiple Choice 0 $0 F 0 $60,000 F 0 $360,000 U 0 $158,000 F
At its $30 selling price, Atlantic Company has sales of $30,000, variable manufacturing costs of $6,000,...
At its $30 selling price, Atlantic Company has sales of $30,000, variable manufacturing costs of $6,000, fixed manufacturing costs of $2,000, variable selling and administrative costs of $6,000 and fixed selling and administrative costs of $2,000. What is the company's contribution margin per unit?
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing...
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.75 $3.70 $1.35 $12,500 $1.00 $0.60 $ 6,300 If 4,000 units are produced, the total amount of manufacturing overhead cost is closest to: Multiple Choice $11,500 $24,200 $13,900 $17,900
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing...
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.75 $3.70 $1.35 $12,500 $1.00 $0.60 $ 6,300 If 4,000 units are produced, the total amount of manufacturing overhead cost is closest to: Multiple Choice О O $11,500 $24,200 О O $13,900 О O $17,900
Assume the following information for one segment of a company: Sales revenue $2,600,000 Variable manufacturing costs...
Assume the following information for one segment of a company: Sales revenue $2,600,000 Variable manufacturing costs 200,000 Fixed manufacturing costs 350,000 Variable selling/administrative costs 120,000 Fixed selling/administrative costs 80,000 What is the product line's segment income? $2,280,000 $1,930,000 $2,050,000 $1,850,000
Bellucci Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing...
Bellucci Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per cost per Unit Period $7.10 $3.95 $1.75 $105,300 $1.00 $0.50 $ 36,450 The incremental manufacturing cost that the company will incur if it increases production from 9,000 to 9,001 units is closest to (assume that the increase is within the relevant range): Multiple Choice $26.75 Oo oo $12.80 $30.05 UUULI MIL....
Tirrt Corporation has provided the following Information Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing...
Tirrt Corporation has provided the following Information Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit Cost per Period $7.55 $3.95 $1.60 $24,500 $1.10 $ 8,900 If the selling price is $28.20 per unit, the contribution margin per unit sold is closest to: 1 0 0 0 0
5 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $274,000 93,000 67,000 38,000 33,000 What is this company's contribution margin? Multiple Choice o $43.000 $76.000 5114000 $143.000 6 Sales revenue (1,700 units * $19.20 per unit) Cost of goods sold (variable; 1,700 units x $9.20 per unit) Cost of goods sold (fixed) Gross margin Administrative salaries Depreciation Supplies (1,700 units * $1.20 per unit) Net income $ 32,640 (15,640) (3,200)...
At its $30 selling price, Atlantic Company has sales of $30,000, variable manufacturing costs of $5,000, fixed manufacturing costs of $1,000, variable selling and administrative costs of $4,000 and fixed selling and administrative costs of $1,000. What is the company's contribution margin per unit? Multiple Choice
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.05 $3.50 $1.65 $11,000 $1.00 $0.40 $ 5,500 If the selling price is $18.70 per unit, the contribution margin per unit sold is closest to: Multiple Choice o $1.80 o 0 $5.10 $5.10 o 0 $8.15 $8.15 o o $4.30 Rhome Corporation's relevant range of activity is...
The following static budget is provided: Per unit $50 Total $750,000 Sales Less variable costs: Manufacturing costs Selling and administrative costs 20 300,000 10 150,000 $20 $ 300,000 Contribution margin Less fixed costs: Manufacturing costs Selling and administrative costs 76,000 126,000 Total fixed costs 202,000 Net income $ 98,000 What will be the overall volume variance if 18,000 units are produced and sold? Multiple Choice 0 $0 F 0 $60,000 F 0 $360,000 U 0 $158,000 F
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.75 $3.70 $1.35 $12,500 $1.00 $0.60 $ 6,300 If 4,000 units are produced, the total amount of manufacturing overhead cost is closest to: Multiple Choice $11,500 $24,200 $13,900 $17,900
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.75 $3.70 $1.35 $12,500 $1.00 $0.60 $ 6,300 If 4,000 units are produced, the total amount of manufacturing overhead cost is closest to: Multiple Choice О O $11,500 $24,200 О O $13,900 О O $17,900
Bellucci Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per cost per Unit Period $7.10 $3.95 $1.75 $105,300 $1.00 $0.50 $ 36,450 The incremental manufacturing cost that the company will incur if it increases production from 9,000 to 9,001 units is closest to (assume that the increase is within the relevant range): Multiple Choice $26.75 Oo oo $12.80 $30.05 UUULI MIL....
Tirrt Corporation has provided the following Information Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit Cost per Period $7.55 $3.95 $1.60 $24,500 $1.10 $ 8,900 If the selling price is $28.20 per unit, the contribution margin per unit sold is closest to: 1 0 0 0 0
Most questions answered within 3 hours.
-
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 1 hour ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 1 hour ago -
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 1 hour ago -
Assume memory access is 10 units of time and disk access is
10000 units of time....
asked 1 hour ago -
1. Are all good samples random?
2. Magazines often report surveys giving statistics such as “63%...
asked 1 hour ago -
Under all the various types of market structures, firms
must eventually earn some economic profits for...
asked 1 hour ago -
Consider the following fitness regime for a single locus trait
with two co-dominant alleles: w11 =...
asked 1 hour ago -
A large cable company reports the following.
80% of its customers subscribe to its cable TV...
asked 1 hour ago -
Please answer the question in brief.
Discuss the role of ERP in organizations. Are ERP tools...
asked 1 hour ago -
Discuss the pros and cons of collaborative software such
as SameTime. Does it increase productivity? What...
asked 1 hour ago -
Buying your in-laws a gift because it’s expected is
due to the ____________ motive of gift-giving....
asked 1 hour ago -
Calculate the expected value, the variance, and the standard
deviation of the given random variable X....
asked 2 hours ago