1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vilka [71]
4 years ago
14

Clemeson Corporation, which has only one product, has provided the following data concerning its most recent month of operations

: Selling price $ 145 Units in beginning inventory 0 Units produced 3,600 Units sold 3,400 Units in ending inventory 200 Variable costs per unit: Direct materials $ 36 Direct labor $ 57 Variable manufacturing overhead $ 3 Variable selling and administrative expenses $ 5 Fixed costs: Fixed manufacturing overhead $79,200 Fixed selling and administrative expense $64,600 The total contribution margin for the month under variable costing is:
Business
1 answer:
blsea [12.9K]4 years ago
8 0

Answer:

$149,600

Explanation:

Variable cost per unit = 36+57+3+5 =  

Variable cost per unit = $101

Contribution margin per unit = 145 - 101

Contribution margin per unit = $44 per unit

Total contribution margin = 3,400 * $44

Total contribution margin = $149,600

You might be interested in
On March 1, 2020, the Teal Company received a $45,000 payment for annual magazine subscriptions (the subscriptions run from the
bulgar [2K]

Answer:

The company has incorrectly credited the sales revenue account at the time of the receipt of payment. So, the  journal entry to record the transaction is as follows:

Date               Particulars                            Debit          Credit

March 1, 20    Sales Revenue A/c           $45,000

                             To Unearned Sales Revenue A/c   $45,000

                       (To record Unearned sales revenue)

5 0
3 years ago
After a major earthquake, the San Francisco Opera Company is offering zero coupon bonds to fund the needed structural repairs to
tekilochka [14]

Answer:

Buster Norton and the Bonds of San Francisco Opera Company

If Mr. Norton purchases three of these bonds today, in 10 years from today at maturity, he will receive:

= $6,000.

Explanation:

a) Data and Calculations:

Face value of each zero coupon bond purchased = $2,000

Number of bonds purchased by Norton = 3

Value of bond investments at maturity = $6,000 ($2,000 * 3)

Maturity period of the San Francisco Opera Company bonds = 10 years

Annual Yield to Maturity of similar bonds in the market = 12%

From an online financial calculator:

Present value of bonds = $1,932 (with each as $644 ($1,932/3))

N (# of periods)  10

I/Y (Interest per year)  12

PMT (Periodic Payment)  0

FV (Future Value)  -6000

 

Results

PV = $1,931.84

Total Interest $4,068.16

3 0
3 years ago
You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances:
goldenfox [79]

Answer:

Explanation:

Current Assets are those asset which will be liquidated within next one year.

cash and marketable securities        $360,000

accounts receivable                           $1,280,000

inventory                                             <u>$2,180,000</u>

Total Current Assets                          <u>$3,820,000</u>

Current Liabilities are those which is payable within next one year.

accrued wages and taxes                   $540,000

accounts payable                                $840,000

notes payable                                      <u>$680,000</u>

Total Current Liabilities                       <u>$2,060,000</u>

Current ratio measures the capability of a business to pay the current liabilities if it becomes due.

Current Ratio = Current Assets / Current Liabilities = $3,820,000 / $2,060,000 = 1.85 times

5 0
3 years ago
It would be acceptable to have the selling price of a product just above the variable costs and expenses of making and selling i
Gnoma [55]

Answer:

B.both the short run and long run.

8 0
3 years ago
Read 2 more answers
Two drivers—tom and jerry—each drive up to a gas station. before looking at the price, each places an order. tom says, "i'd like
Tatiana [17]
Price elasticity of demand is defined by Change in Quantity demanded / Change in Price. 

Tom ordered 10 gallons of gas without asking about the price. This means that no matter the price, Tom orders the same quantity of gas (quantity demanded does not change with price). His demand is perfectly inelastic, or 0. 

Jerry orders $10 worth of gas. This means that no matter how much it gives him, Jerry will pay $10. The price elasticity of demand depends on how much the price changes by.
For example, if price doubles from $5/gal to $10/gal, demand falls by 50% (2 gallons to 1 gallon), making his price elasticity -0.5
If the price increase 10% from $10/gal to $10.10/gal, demand falls 1% from 1 gal to .99 gallons, making his price elasticity -0.1
6 0
3 years ago
Other questions:
  • Use this image to answer the following question. The ice cream shop needs about two pounds of cocoa for each gallon of chocolate
    14·1 answer
  • How would your most recent supervisor or teacher rate your dependability compared to others?
    8·1 answer
  • Explain the role of accounting in providing information for monitoring progress and decision-making.
    7·1 answer
  • In evaluating how well a company's strategy is working, the best place to start is
    13·1 answer
  • You find a certain stock that had returns of 16 percent, −9 percent, 23 percent, and 24 percent for four of the last five years.
    8·1 answer
  • Which statement is true of the relationship between risk and return?
    6·2 answers
  • This is for my business class someone help please and thank you!
    8·1 answer
  • What is a Product? (Give me one example)​
    11·2 answers
  • By producing cars that do more than get riders to their destinations and back, mercedes-benz is addressing consumers’ ________ n
    7·1 answer
  • The richest 1% of the world's population owns more wealth than the rest of the 99% combined. True or False
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!