Homework Answers
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Total Contribution margin = (Sales price - Variable costs) * no of units sold = (60-42) * 120,000 = 18 * 120,000 = 2,160,000 |
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Felton Paper produces paper for textbooks. Felton plans to produce 120,000 cases of paper next quarter...
Felton Paper produces paper for textbooks. Felton plans to produce 300,000 cases of paper next quarter to sell at a pric...
Felton Paper produces paper for textbooks. Felton plans to produce 300,000 cases of paper next quarter to sell at a price of $160 per case. The variable cost per case, including both manufacturing and selling costs, is $128. What is the total contribution margin for next quarter?
Milden Company is a merchandiser that plans to sell 23,000 units during the next quarter at...
Milden Company is a merchandiser that plans to sell 23,000 units during the next quarter at a selling price of $51 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold $21 per unit sold Advertising expense $171,000 per quarter Sales commissions 6% of sales Shipping expense $42,000 per quarter + $7.00 per unit sold Administrative salaries $81,000 per quarter Insurance expense $9,100 per quarter Depreciation expense $51,000 per...
Milden Company is a merchandiser that plans to sell 33,000 units during the next quarter at...
Milden Company is a merchandiser that plans to sell 33,000 units during the next quarter at a selling price of $55 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold $25 per unit sold Advertising expense $182,000 per quarter Sales commissions 5% of sales Shipping expense $32,000 per quarter + $5.00 per unit sold Administrative salaries $92,000 per quarter Insurance expense $10,200 per quarter Depreciation expense $62,000 per...
Milden Company is a merchandiser that plans to sell 33,000 units during the next quarter at...
Milden Company is a merchandiser that plans to sell 33,000 units
during the next quarter at a selling price of $55 per unit. The
company also gathered the following cost estimates for the next
quarter:
Cost
Cost Formula
Cost of good sold
$25 per unit sold
Advertising expense
$182,000 per quarter
Sales commissions
5% of sales
Shipping expense
$32,000 per quarter + $5.00 per unit sold
Administrative salaries
$92,000 per quarter
Insurance expense
$10,200 per quarter
Depreciation expense
$62,000 per...
Milden Company is a merchandiser that plans to sell 27,000 units during the next quarter at...
Milden Company is a merchandiser that plans to sell 27,000 units during the next quarter at a selling price of $56 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $176,000 per quarter 5% of sales $34,000 per quarter 6.00 per unit sold $86,000 per quarter $9,600 per quarter 56,000 per quarter...
Milden Company is a merchandiser that plans to sell 41,000 units during the next quarter at...
Milden Company is a merchandiser that plans to sell 41,000 units during the next quarter at a selling price of $66 per unit. The company also gathered the following cost estimates for the next quarter: 30 points Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $33 per unit sold $189,000 per quarter 6% of sales $39,000 per quarter + $4.00 per unit sold $99,000 per quarter $10,900 per quarter...
Milden Company is a merchandiser that plans to sell 27,000 units during the next quarter at...
Milden Company is a merchandiser that plans to sell 27,000 units during the next quarter at a selling price of $53 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $23 per unit sold $173,000 per quarter 6% of sales $68,eee per quarter + $5.00 per unit sold $83,000 per quarter $9,300 per quarter $53,000 per...
Milden Company is a merchandiser that plans to sell 39,000 units during the next quarter at...
Milden Company is a merchandiser that plans to sell 39,000 units during the next quarter at a selling price of $55 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense $28 per unit sold $185,000 per quarter 6 of sales $51,000 per quarter + $4.00 per unit sold $95,000 per quarter $10,500 per quarter $65,000 per...
Milden Company is a merchandiser that plans to sell 41,000 units during the next quarter at...
Milden Company is a merchandiser that plans to sell 41,000 units during the next quarter at a selling price of $66 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $33 per unit sold $189,000 per quarter 6% of sales $39,000 per quarter + $4.00 per unit sold $99,000 per quarter $ 10,900 per quarter $69,000...
Milden Company is a merchandiser that plans to sell 35,000 units during the next quarter at...
Milden Company is a merchandiser that plans to sell 35,000 units during the next quarter at a selling price of $56 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $183, ese per quarter 6% of sales $57,eee per quarter + $4.ee per unit sold $93,889 per quarter $19,30 per quarter $63,000...
Milden Company is a merchandiser that plans to sell 33,000 units
during the next quarter at a selling price of $55 per unit. The
company also gathered the following cost estimates for the next
quarter:
Cost
Cost Formula
Cost of good sold
$25 per unit sold
Advertising expense
$182,000 per quarter
Sales commissions
5% of sales
Shipping expense
$32,000 per quarter + $5.00 per unit sold
Administrative salaries
$92,000 per quarter
Insurance expense
$10,200 per quarter
Depreciation expense
$62,000 per...
Milden Company is a merchandiser that plans to sell 27,000 units during the next quarter at a selling price of $56 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $176,000 per quarter 5% of sales $34,000 per quarter 6.00 per unit sold $86,000 per quarter $9,600 per quarter 56,000 per quarter...
Milden Company is a merchandiser that plans to sell 41,000 units during the next quarter at a selling price of $66 per unit. The company also gathered the following cost estimates for the next quarter: 30 points Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $33 per unit sold $189,000 per quarter 6% of sales $39,000 per quarter + $4.00 per unit sold $99,000 per quarter $10,900 per quarter...
Milden Company is a merchandiser that plans to sell 27,000 units during the next quarter at a selling price of $53 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $23 per unit sold $173,000 per quarter 6% of sales $68,eee per quarter + $5.00 per unit sold $83,000 per quarter $9,300 per quarter $53,000 per...
Milden Company is a merchandiser that plans to sell 39,000 units during the next quarter at a selling price of $55 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense $28 per unit sold $185,000 per quarter 6 of sales $51,000 per quarter + $4.00 per unit sold $95,000 per quarter $10,500 per quarter $65,000 per...
Milden Company is a merchandiser that plans to sell 41,000 units during the next quarter at a selling price of $66 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $33 per unit sold $189,000 per quarter 6% of sales $39,000 per quarter + $4.00 per unit sold $99,000 per quarter $ 10,900 per quarter $69,000...
Milden Company is a merchandiser that plans to sell 35,000 units during the next quarter at a selling price of $56 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $183, ese per quarter 6% of sales $57,eee per quarter + $4.ee per unit sold $93,889 per quarter $19,30 per quarter $63,000...
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