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Paladinen [302]
3 years ago
6

The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the to

y gyroscopes for last year. Selling price per unit ​$8.20 Variable manufacturing costs per unit ​$1.84 Variable selling and administrative expenses per unit ​$4.45 Fixed manufacturing overhead​ (in total) ​$79,000 Fixed selling and administrative expenses​ (in total) ​$83,000 Units produced during the year ​520,000 Units sold during year ​190,000
Business
1 answer:
ryzh [129]3 years ago
7 0

Answer:

The Question is Incomplete; Full Question is as follows;

Using variable​ costing, what is the contribution margin for last​ year?

<em>Contribution Margin = $362,900</em>

Explanation:

Computation of expenditure margin by differential costing;

<em>Sales </em><em>Minus </em><em>variable cost </em>

  • Sales (190,000 *$8.20)

= $1,558,000  

  • Variable cost of Manufacturing(190,000 units *$1.84)

= $349,600

— variable sales and administrative costs(190,000 units *$4.45)

= $845,500

= contribution margin = $362,900

<em>Keep in mind that; </em><em>Set or Fixed expenses and overhead costs are not taken into account when trying to calculate the contribution margin.</em>

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4 0
3 years ago
you have $6000 to invest in two stock funds. The first fund pays 5% annual interest and the second account pays 9% annual intere
stira [4]

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8 0
3 years ago
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On the other side expenses on rooms and boarding are not qualified expenses so any amount spent on it is fully taxable. Another condition is that scholarship given should not be an exchange of service.

<em>You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  </em>

<em />

<em />

Download xlsx
6 0
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