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maxonik [38]
3 years ago
7

Spartan Systems reported total sales of $374,400, at a price of $24 and per unit variable expenses of $13, for the sales of thei

r single product. Total Per Unit Sales $ 374,400 $ 24 Variable expenses 202,800 13 Contribution margin 171,600 $ 11 Fixed expenses 95,000 Net operating income $ 76,600 What is the amount of contribution margin if sales volume increases by 25%
Business
1 answer:
V125BC [204]3 years ago
3 0

Answer:

$214,500

Explanation:

For the computation of the amount of contribution margin first we need to follow some steps which are shown below:

No of units sold = Total sales ÷ selling price per unit

= $374,400 ÷ $24

= $156,00

Variable cost = No of units sold × Variable cost per unit

Variable cost = $15,600 × $13

=$202,800

Contribution margin = Sales - Variable cost

= $374,400 - $202,800

= $171,600

CM ratio = Contribution margin ÷ Sales

= $171,600 ÷ $374,400

= 0.46

Contribution margin = CM ratio × Sales Contribution margin

= 0.46 × (1.25 × $374,400)

= $214,500

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Answer:

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Explanation:

Early Majority -

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4 0
3 years ago
Laws designed to promote competition and prevent the formation of monopolies are known as _______ laws
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<span>Laws designed to promote competition and prevent the formation of monopolies are known as _antitrust_ laws.
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6 0
3 years ago
Bridgette is a managerial accountant at the Middle Peninsula Manufacturing Company.​ Recently, Bridgette received a Certified Ma
Anettt [7]

Answer:

B. Institute of Management Accountants​ (IMA)

Explanation:

B. Institute of Management Accountants​ (IMA)

The Institute of Management Accountants is an institute where individuals are taught courses in accounting, financial accounting, management accounting, business studies, economic laws etc. This institute prepares the person to have professional study of all the managerial accounting practices involving different fields of study. There are three  basic stages, the first is the operational level, then the managerial level and the third is the strategic level. At each level a competitive exam is held to ensure the learning of accurate and high structured policies among emerging accounting managers.

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4 0
3 years ago
What made Americans so willing to engage in stock market speculation in the 1920s? People were in an optimistic mood, and they w
labwork [276]
I believe the answer is: Speculation helped many low-income people move to the middle class. 

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8 0
3 years ago
Read 2 more answers
If the required reserve ratio is 10%, actual reserves are $10 million, and currency in circulation is equal to $20 million, M1 w
Pie

Answer:

The correct answer is E

Explanation:

M1, M2 and M3 are the terms which measure the money supply of United States, referred to as money aggregates.

The formula for computing the M1 is as:

M1 = coins as well as currency in circulation + checkable or demand deposit + traveler checks

where

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Demand deposit is as:

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= 10 ×  $10 million

= $100 million

Putting the values above:

M1 = $20 million + $100 million

M1 = $120 million

8 0
3 years ago
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