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Gwar [14]
3 years ago
6

PC​ Solutions, Inc. provides services to corporate and individual customers. During the month of​ June, the corporate business s

egment provided services to 500 customers and earned​ $60,000 in revenue. The individual business segment provided services to 400 customers and earned​ $35,000 in revenue. The variable costs for the corporate and individual business segments amounted to​ $32,000 and​ $25,100, respectively. In​ addition, the fixed costs of the company amounted to​ $7,500. Calculate the contribution margin from each customer of the individual business segment.​ (Round your answer to the nearest​ cent.)
Business
1 answer:
lord [1]3 years ago
3 0

Answer:

The contribution margin from each customer of the individual business segment is $24.75

Explanation:

Contribution margin from each customer of the individual business:

Customers = 400

Revenue = $35000

Variable cost = $25100

Total Contribution margin = Revenue – Variable cost

                                            = $35000 - $25100

                                            = $9900

Contribution margin from each customer of the individual business :-   = Total Contribution margin/customers

= $9900/400

= $24.75

Therefore, The contribution margin from each customer of the individual business segment is $24.75

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Pronghorn Corporation purchased machinery on January 1, 2022, at a cost of $276,000. The estimated useful life of the machinery
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Answer and Explanation:

The depreciation schedule is as follows:

<u>For straight-line method</u>

<u>Year    Depreciable       Depreciation   Depreciation Accumul    Book value</u>

<u>                  cost                    rate             Expense         Depre</u>

2022       $243,400             25%            $60,850       $60,850      $215,150

    ($276,000 - $32,600) (1 ÷ 4)                                       ($276,000 - $60,850)

2023      $243,400             25%            $60,850       $121,700      $154,300

2024      $243,400             25%            $60,850       $182,550      $93,450

2025     $243,400              25%            $60,850       $243,400     $32,600

                                                                $243,400

<u>For double declining method</u>

<u>Year    Depreciable       Depreciation   Depreciation Accumul    Book value</u>

<u>                  cost                    rate             Expense         Depre</u>

2022       $276,000       50%            $138,000         $138,000       $138,000

                                   (1 ÷ 4 × 2)                                    

2022       $138,000       50%            $69,000            $207,000      $69,000

2023       $69,000        50%            $34,500            $241,500        $34,500

2024       $34,500                            $1,900               $243,400       $32,600

                                                         $243,400

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2 years ago
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