Homework Answers
The unit contribution margin is the difference between unit sales prices and unit variable cost:
Unit selling price - Unit variable cost = Unit contribution margin
The unit contribution margin measures the increase in operating profit for a unit increase in sales.If sales are expected to increase by 100,profits sholuld increase by 100times the contribution margin.The total contribution margin is the unit contribution margin multiplied by units sold.
Given,Units sold = 370,000units
Total variable costs = $1,295,000
Total sales revenue = $3,700,000
Unit variable cost = Total variable cost/Units sold
= 1,295,000/370,000
= $3.5
Unit selling price = Total sales revenue/Units sold
= 3,700,000/370,000
= $10
Unit contribution margin = $10 - $3.5
= $6.50
Add Answer to:
Multiple Choice Question 96 A division sold 370000 calculators during 2020: $3700000 Sales Variable costs: $703000...
Multiple Choice Question 96 A division sold 280000 calculators during 2020: Sales $2800000 Variable costs: $532000...
Multiple Choice Question 96 A division sold 280000 calculators during 2020: Sales $2800000 Variable costs: $532000 210000 Materials Order processing Billing labor Selling expenses Total variable costs 154000 84000 980000 Fixed costs 1000000 How much is the unit contribution margin? $1.00 O $3.50 $7.07 O $6.50
A division sold 150000 calculators during 2020: Sales $1500000 Variable costs: Materials $285000 Order...
A division sold 150000 calculators during 2020:
Sales
$1500000
Variable costs:
Materials
$285000
Order processing
112500
Billing labor
82500
Selling expenses
45000
Total variable costs
525000
Fixed costs
1000000
How much is the unit contribution margin?
$1.00
$3.50
$10.17
$6.50
Question 4 A division sold 190000 calculators during 2020: $1900000 $361000 142500 Sales Variable costs: Materials...
Question 4 A division sold 190000 calculators during 2020: $1900000 $361000 142500 Sales Variable costs: Materials Order processing Billing labor Selling expenses Total variable costs Fixed costs 104500 57000 665000 1000000 How much is the unit contribution margin? o $1.00 O $3.50 $8.76 $6.50
Question 15 4 pts A company has a unit contribution margin of $120 and a contribution margin ratio of 40%. What is the...
Question 15 4 pts A company has a unit contribution margin of $120 and a contribution margin ratio of 40%. What is the unit selling price? Cannot be determined $200 $300 $48 Question 16 A division sold 200,000 calculators during 2017: Sales $2,000,000 Variable costs: Materials $380,000 Order processing 150,000 Billing labor 110,000 Selling expenses 60,000 Total variable costs 700,000 Fixed costs 1,000,000 How much is the unit contribution margin? $6.50 $8.50 $3.50 $1.00 Question 17 4 pts At the...
18. Portman Company's activity for the first thi January February March Machine Hours e first three...
18. Portman Company's activity for the first thi January February March Machine Hours e first three months of 2016 are as follows: 2.100 2,600 Electrical Cost $4,800 2,900 19. $5,800 $6,400 uch is the cost per machine hour? Using the high-low method, how much is the co a $2.00 b. $3.00 C. $2.26 d. $1.78 A division sold 200,000 calculators during 20 Sales Variable costs: Materials Order processing Billing labor Selling expenses Total variable costs Fixed costs How much is...
Multiple Choice Question 98 The following information is available for Sunland Company: Sales Cost of goods...
Multiple Choice Question 98 The following information is available for Sunland Company: Sales Cost of goods sold $620000 420000 Total fixed expenses Total variable expenses $150000 370000 A CVP income statement would report contribution margin of $250000. gross profit of $200000. gross profit of $250000. contribution margin of $470000.
Hel Contribution margin is: Multiple Choice Sales less cost of goods sold Sales less variable production,...
Hel Contribution margin is: Multiple Choice Sales less cost of goods sold Sales less variable production, variable selling, and variable administrative expenses Sales less variable production expense. Sales less all variable and fixed expenses. < Prex 40,10 İİİ Next > MacBook Air 名0 0
Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed...
Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43% O 20%. Question Attempts: Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43%. 20% Question Attempts:
$12,000 Sales Variable costs: Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling...
$12,000 Sales Variable costs: Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative $6,000 $600 $400 $2,500 $1,500 Enter a formula into each of the cells marked with a ? below Exhibit 2-9 Traditional Format Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling Administrative Net operating income Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Variable selling Variable administration Contribution margin Fixed expenses: Fixed selling Fixed...
Question 17 3 pts Johnson Corporation sells graphing calculators at $150 per calculator. The variable costs...
Question 17 3 pts Johnson Corporation sells graphing calculators at $150 per calculator. The variable costs associated with each calculator are as follows: Direct Materials: $55 Direct Labor: $40 Factory Overhead: $25 Total fixed costs for the period are $265,000. The contribution margin per calculator is: $95 $55 $120 $30
Multiple Choice Question 96 A division sold 280000 calculators during 2020: Sales $2800000 Variable costs: $532000 210000 Materials Order processing Billing labor Selling expenses Total variable costs 154000 84000 980000 Fixed costs 1000000 How much is the unit contribution margin? $1.00 O $3.50 $7.07 O $6.50
A division sold 150000 calculators during 2020:
Sales
$1500000
Variable costs:
Materials
$285000
Order processing
112500
Billing labor
82500
Selling expenses
45000
Total variable costs
525000
Fixed costs
1000000
How much is the unit contribution margin?
$1.00
$3.50
$10.17
$6.50
Question 4 A division sold 190000 calculators during 2020: $1900000 $361000 142500 Sales Variable costs: Materials Order processing Billing labor Selling expenses Total variable costs Fixed costs 104500 57000 665000 1000000 How much is the unit contribution margin? o $1.00 O $3.50 $8.76 $6.50
Question 15 4 pts A company has a unit contribution margin of $120 and a contribution margin ratio of 40%. What is the unit selling price? Cannot be determined $200 $300 $48 Question 16 A division sold 200,000 calculators during 2017: Sales $2,000,000 Variable costs: Materials $380,000 Order processing 150,000 Billing labor 110,000 Selling expenses 60,000 Total variable costs 700,000 Fixed costs 1,000,000 How much is the unit contribution margin? $6.50 $8.50 $3.50 $1.00 Question 17 4 pts At the...
18. Portman Company's activity for the first thi January February March Machine Hours e first three months of 2016 are as follows: 2.100 2,600 Electrical Cost $4,800 2,900 19. $5,800 $6,400 uch is the cost per machine hour? Using the high-low method, how much is the co a $2.00 b. $3.00 C. $2.26 d. $1.78 A division sold 200,000 calculators during 20 Sales Variable costs: Materials Order processing Billing labor Selling expenses Total variable costs Fixed costs How much is...
Multiple Choice Question 98 The following information is available for Sunland Company: Sales Cost of goods sold $620000 420000 Total fixed expenses Total variable expenses $150000 370000 A CVP income statement would report contribution margin of $250000. gross profit of $200000. gross profit of $250000. contribution margin of $470000.
Hel Contribution margin is: Multiple Choice Sales less cost of goods sold Sales less variable production, variable selling, and variable administrative expenses Sales less variable production expense. Sales less all variable and fixed expenses. < Prex 40,10 İİİ Next > MacBook Air 名0 0
Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43% O 20%. Question Attempts: Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43%. 20% Question Attempts:
$12,000 Sales Variable costs: Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative $6,000 $600 $400 $2,500 $1,500 Enter a formula into each of the cells marked with a ? below Exhibit 2-9 Traditional Format Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling Administrative Net operating income Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Variable selling Variable administration Contribution margin Fixed expenses: Fixed selling Fixed...
Question 17 3 pts Johnson Corporation sells graphing calculators at $150 per calculator. The variable costs associated with each calculator are as follows: Direct Materials: $55 Direct Labor: $40 Factory Overhead: $25 Total fixed costs for the period are $265,000. The contribution margin per calculator is: $95 $55 $120 $30
Most questions answered within 3 hours.
-
Your group is required to develop a comprehensive Business plan
that will be used as a...
asked 10 seconds from now -
a radio station transmits at 78.1 mhz. a hz is an inverse
second. how far apart...
asked 18 minutes ago -
Write the equilibrium expression for the dissociation in
water for CH5N, C2H5O2COOH, H3AsO4, KClO2, HC2H2ClO2.
asked 23 minutes ago -
In risk management, insurance is an example of:
Select one:
a. Risk avoidance
b. Risk deflection...
asked 25 minutes ago -
Wildhorse Company follows the practice of pricing its inventory
at the lower-of-cost-or-market, on an individual-item
basis....
asked 59 minutes ago -
3. (10 pts) You grow a corn crop that yields 150 bushels ac-1,
with the following...
asked 48 minutes ago -
7. The term Six Sigma refers to:
Select one:
a. The control limits established in a...
asked 58 minutes ago -
For the following reaction: A(g) + 2 B(g) ⇌ 2 C(g) Calculate the
equilibrium constant K...
asked 1 hour ago -
Which of the following best describes tidal volume? options:
1.The amount of oxygen in the air...
asked 1 hour ago -
1. Smaller cost distortions occur when the traditional systems'
single indirect-cost rate and the activity-cost-driver rates:...
asked 1 hour ago -
Using either a FMECA approach or some other appropriate RCA
tool, identify five risk treatment actions...
asked 1 hour ago -
If for a test the P-value is between 0.0025 and 0.005, what
conclusion can you draw?...
asked 1 hour ago