International Imports is a merchandising Firm. Last year they reported sales of $674,500 and cost of...
International Imports is a merchandising Firm. Last year they
reported sales of $674,500 and cost of goods sold of $404,700. The
company's total variable selling and administrative expense was
$60,705, and fixed selling and administrative expense was $53,960.
The total contribution margin for the firm is:
$209,095
$613,795
$559,835
$215,840
Homework Answers
Contribution Margin =sales Revenue - Variable cost
Contribution Margin = 674,500-404,700-60,705 = $209,095 (Answer)
Add Answer to:
International Imports is a merchandising Firm. Last year they
reported sales of $674,500 and cost of...
Bolka Corporation, a merchandising company, reported the following results for October - Sales Cost of goods...
Bolka Corporation, a merchandising company, reported the following results for October - Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense A ta ta ta ta ta $ 453,000 $ 169,700 21,400 17,600 10,700 32,100 The contribution margin for October is: The contribution margin for October is: Multiple Choice $251,200 $201,800 $283,300 $201,500
Calip Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold...
Calip Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $428.800 $ 182,100 $ 18,400 $_15,500 $ 8.900 $ 81,400 The contribution margin for October is: O $354,600 O $219,400 O $246.700 O $172,500
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 500,000 Cost of...
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 500,000 Cost of goods sold (all variable) $ 170,700 Total variable selling expense $ 24,600 Total fixed selling expense $ 21,500 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 34,900 The gross margin for October is: Multiple Choice $294,700 $329,300 $238,300 $443,600
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 427,000 Cost of...
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 427,000 Cost of goods sold (all variable) $ 173,400 Total variable selling expense $ 21,200 Total fixed selling expense $ 18,900 Total variable administrative expense $ 9,600 Total fixed administrative expense $ 36,300 The gross margin for October is: Multiple Choice $371,800 $253,600 $222,800 $167,600
Calip Corporation, a merchandising company, reported the following results for October: Sales Cost of goods sold...
Calip Corporation, a merchandising company, reported the following results for October: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $442.800 $ 189,100 $ 19,100 $16.200 $ 9.600 100 The gross margin for October is: O $394,500 $225,000 O $253.700 5176700
Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold...
Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense ta ta ta ta ta ta $ 477,000 $ 176,000 19,900 24,000 10,400 36,800 The gross margin for October is: The gross margin for October is: Multiple Choice $270,700 o $301,000 $209,900 $416,200
Bolka Corporation, a merchandising company, reported the following results for October: Book Sales Cost of goods...
Bolka Corporation, a merchandising company, reported the following results for October: Book Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $ 467,000 $ 173,200 $ 19,500 $ 17,500 $ 10,100 $ 34,000 The gross margin for October is: Multiple Choice O $264.200 O $293,800 ) < Prev 4 of 5 !! Next >
Delongis Corporation, a merchandising company, reported the following results for June: Number of units sold $...
Delongis Corporation, a merchandising company, reported the following results for June: Number of units sold $ 1,200 units Selling price per unit $ 221 per unit Unit cost of goods sold $ 97 per unit Variable selling expense per unit $ 12 per unit Total fixed selling expense $ 7,300 Variable administrative expense per unit $ 8 per unit Total fixed administrative expense $ 15,300 Cost of goods sold is a variable cost in this company. The contribution margin for...
LUUU D) $56,000 4. Fanelli Corporation, a merchandising company, reported the following results for July: Number...
LUUU D) $56,000 4. Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,300 Selling price per unit $590 Unit cost of goods sold $403 Variable selling expense per unit $58 Total fixed selling expense $124,400 Variable administrative expense per unit $22 Total fixed administrative expense $206,300 Cost of goods sold is a variable cost in this company. Required: What is the contribution margin for Fanelli Corporation. Show work OSW DELL % * 7...
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,800...
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,800 Selling price per unit $ 590 Unit cost of goods sold $ 410 Variable selling expense per unit $ 66 Total fixed selling expense $ 125,300 Variable administrative expense per unit $ 22 Total fixed administrative expense $ 207,200 Cost of goods sold is a variable cost in this company. Required: b. Prepare a contribution format income statement for July.
Bolka Corporation, a merchandising company, reported the following results for October - Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense A ta ta ta ta ta $ 453,000 $ 169,700 21,400 17,600 10,700 32,100 The contribution margin for October is: The contribution margin for October is: Multiple Choice $251,200 $201,800 $283,300 $201,500
Calip Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $428.800 $ 182,100 $ 18,400 $_15,500 $ 8.900 $ 81,400 The contribution margin for October is: O $354,600 O $219,400 O $246.700 O $172,500
Calip Corporation, a merchandising company, reported the following results for October: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $442.800 $ 189,100 $ 19,100 $16.200 $ 9.600 100 The gross margin for October is: O $394,500 $225,000 O $253.700 5176700
Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense ta ta ta ta ta ta $ 477,000 $ 176,000 19,900 24,000 10,400 36,800 The gross margin for October is: The gross margin for October is: Multiple Choice $270,700 o $301,000 $209,900 $416,200
Bolka Corporation, a merchandising company, reported the following results for October: Book Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $ 467,000 $ 173,200 $ 19,500 $ 17,500 $ 10,100 $ 34,000 The gross margin for October is: Multiple Choice O $264.200 O $293,800 ) < Prev 4 of 5 !! Next >
LUUU D) $56,000 4. Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,300 Selling price per unit $590 Unit cost of goods sold $403 Variable selling expense per unit $58 Total fixed selling expense $124,400 Variable administrative expense per unit $22 Total fixed administrative expense $206,300 Cost of goods sold is a variable cost in this company. Required: What is the contribution margin for Fanelli Corporation. Show work OSW DELL % * 7...
Most questions answered within 3 hours.
-
Write a C++ program that will convert distance measurements from
miles to kilometers. Specifically, the program...
asked 1 minute ago -
Given the following stresses (in MP a); in each case:
(a) Find the principal stresses σ1;...
asked 5 minutes ago -
You are one of the first engineers hired into the
manufacturing engineering department at a brand...
asked 10 minutes ago -
Suppose car models A, B, and C are popular among drivers.
Suppose 12% of the drivers...
asked 28 minutes ago -
write a program that finds the number of zeros in an 8-bit data
item using assembly...
asked 28 minutes ago -
Which statement is always true: The total energy of a closed
system...
A) is always equally...
asked 42 minutes ago -
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 2 hours ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 3 hours ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 4 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 5 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 6 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 6 hours ago