Homework Answers
Ans : (A) $ 6.07
Explanation:
Contribution Margin Per Unit:
= Sale Price Per Unit - Variable Expense Per Unit
= $ 10.42 - $ 4.35
= $ 6.07
working:
Variable Expense Per Unit:
= Total Variabe Exp.÷ Total No of unit Sold
=($ 115000+21000+38000) ÷ 40,000 unit
= $174000 ÷ 40000
= $ 4.35
Add Answer to:
The following information for the past year for the Blaine Corporation has been provided 398 Click...
The following information for the past year for the Blaine Corporation has been provided: Fixed costs:...
The following information for the past year for the Blaine Corporation has been provided: Fixed costs: Manufacturing $ 125 comma 000$125,000 Marketing 24 comma 00024,000 Administrative 20 comma 00020,000 Variable costs: Manufacturing $ 110 comma 000$110,000 Marketing 30 comma 00030,000 Administrative 34 comma 00034,000 During the year, the company produced and sold 60 comma 00060,000 units of product at a selling price of $ 12.40$12.40 per unit. There was no beginning inventory of the product at the beginning of the...
The following information for the past year for the Blaine Corporation has been provided: $110,000 23,000...
The following information for the past year for the Blaine Corporation has been provided: $110,000 23,000 21,000 Fixed costs: Manufacturing Marketing Administrative Variable costs: Manufacturing Marketing Administrative $117,000 32,000 34,000 During the year, the company produced and sold 40,000 units of product at a selling price of $10.36 per unit. There was no beginning inventory of product at the beginning of the year. What is the operating income (loss) for the year? O A. $414,400 O B. $231,400 O C....
Stallard Corporation gathered the following information for the year just ended: During the year, Stallard produced...
Stallard Corporation gathered the following information for the year just ended: During the year, Stallard produced and sold 50,000 units of product at a selling price of $5.64 per unit. There was no beginning inventory of product at the start of the year. What is the operating income (loss) for the year? Data Table Fixed costs: Manufacturing $120,000 Marketing 41,000 Administrative 17,000 Variable costs: Manufacturing $60,000 Marketing 17,000 Administrative 40,000 A.−$13,000 B. $282,000 C. $165,000 D. $104,000
Jones Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018...
Jones Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018 Click the icon to view year-end information) Requirements 1. Use the information to prepare a schedule of cost of goods and factured 2. What is the unit product cost Jones mandaclured 2.820 lamps for the year? Requirement 1. Use the information to prepare a schedule of cost of goods manufactured Jones, Corp Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 ©...
The following information has been provided for Lead Manufacturing Prepare a budgeted income statement for next year. C...
The following information has been provided for Lead Manufacturing Prepare a budgeted income statement for next year. Current unit prices 74,000 4,200 3,560 8,190 23,000 Given Information for current year: Revenue (100,000 units; $0.74/unit) Manufacturing Costs: Materials (unit level) Unit-level (variable) OH cash costs Facility-level (fixed) OH cash costs Depreciation facility-level) Marketing & admin costs: Marketing (unit-level, cash) Marketing depreciation Administrative facility-level, cash) Administrative depreciation Total Costs Operating Profit 10,560 4,100 12,730 1,870 68,210 5,790 Anticipated changes for next year...
66 Aaron Corporation, which has only one product, has provided the following data concerning its most...
66 Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 127 Units in beginning inventory 0 Units produced 6,650 Units sold 6,350 Units in ending inventory 300 Variable costs per unit: Direct materials $ 19 Direct labor $ 49 Variable manufacturing overhead $ 13 Variable selling and administrative expense $ 13 Fixed costs: Fixed manufacturing overhead $ 179,550 Fixed selling and administrative expense $ 26,100 What is...
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...
Help Save & E Gabuat Corporation, which has only one product, has provided the following data...
Help Save & E Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 136 Units in beginning inventory Units produced Units sold Units in ending inventory 3,400 2,920 480 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense wwww $68,000 $14,600 The total gross margin for the month under the...
Aaron Corporation, which has only one product, has provided the following data concerning its most recent...
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 98 Units in beginning inventory Units produced Units sold Units in ending inventory 3,400 2,990 410 $ $ 21 38 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 4 $44,600 $ 2,800 "he total contribution margin for the month under...
Aaker Corporation, which has only one product, has provided the following data concerning its most recent...
Aaker Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $188 Units in beginning inventory 0 Units produced 10,450 Units sold 9,980 Units in ending inventory 470 Variable costs per unit: Direct materials $41 Direct labor $72 Variable manufacturing overhead $18 Variable selling and administrative $18 Fixed costs: Fixed manufacturing overhead $271,700 Fixed selling and administrative $189,620 What is the unit product cost for the month under absorption costing?
The following information for the past year for the Blaine Corporation has been provided: $110,000 23,000 21,000 Fixed costs: Manufacturing Marketing Administrative Variable costs: Manufacturing Marketing Administrative $117,000 32,000 34,000 During the year, the company produced and sold 40,000 units of product at a selling price of $10.36 per unit. There was no beginning inventory of product at the beginning of the year. What is the operating income (loss) for the year? O A. $414,400 O B. $231,400 O C....
Jones Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018 Click the icon to view year-end information) Requirements 1. Use the information to prepare a schedule of cost of goods and factured 2. What is the unit product cost Jones mandaclured 2.820 lamps for the year? Requirement 1. Use the information to prepare a schedule of cost of goods manufactured Jones, Corp Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 ©...
The following information has been provided for Lead Manufacturing Prepare a budgeted income statement for next year. Current unit prices 74,000 4,200 3,560 8,190 23,000 Given Information for current year: Revenue (100,000 units; $0.74/unit) Manufacturing Costs: Materials (unit level) Unit-level (variable) OH cash costs Facility-level (fixed) OH cash costs Depreciation facility-level) Marketing & admin costs: Marketing (unit-level, cash) Marketing depreciation Administrative facility-level, cash) Administrative depreciation Total Costs Operating Profit 10,560 4,100 12,730 1,870 68,210 5,790 Anticipated changes for next year...
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...
Help Save & E Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 136 Units in beginning inventory Units produced Units sold Units in ending inventory 3,400 2,920 480 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense wwww $68,000 $14,600 The total gross margin for the month under the...
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 98 Units in beginning inventory Units produced Units sold Units in ending inventory 3,400 2,990 410 $ $ 21 38 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 4 $44,600 $ 2,800 "he total contribution margin for the month under...
Most questions answered within 3 hours.
-
A business executive has the option to invest money in two
plans: Plan A guarantees that...
asked 1 hour ago -
Hello, can someone please help me answer this question?
How much heat is absorbed by a...
asked 1 hour ago -
. A marketing researcher conducted a survey of 25 shoppers
randomly selected at the local mall...
asked 1 hour ago -
Create an comprehensive response to the
following:
Antimicrobial agents work on a multitude of microbes (bacteria,...
asked 1 hour ago -
6.13 LAB: Step counter. Section 6.3.
A pedometer treats walking 2,000 steps as walking 1 mile....
asked 1 hour ago -
(14.2) A block of mass m = 10 kg riding on a frictionless
horizontal plane is...
asked 1 hour ago -
Use any search engine to search for articles about Starbucks
partnership with Tata Companies in India...
asked 1 hour ago -
Let’s say that for some reason Bank Excess Reserves suddenly
increase sharply. What effect would this...
asked 1 hour ago -
Given:
Curent Assets: $600,000
Total Assets: $2,600,000
Current Liabilities: $500,000
Total Liabilities: $1,700,000
What is the...
asked 1 hour ago -
1. What is a “Bankster”? What is insider trading? Why is it
illegal?
2. What is...
asked 1 hour ago -
A transverse wave on a cord is given by
D(x,t)=0.18sin(2.7x−61.0t), where Dand x are in m...
asked 1 hour ago -
ASSIGNMENT
ANSWER ANY TWO OF THE FOLLOWING IN 2-3 PARAGRAPHS OF EACH
QUESTION.
1: Where is...
asked 1 hour ago