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
BigorU [14]
3 years ago
12

operation, 2,300 units were produced and 1,800 units were sold. Actual fixed costs are the same as the amount budgeted for the m

onth. Other information for the month includes: Variable manufacturing costs $23.00 per unit Variable marketing costs $6.00 per unit Fixed manufacturing costs $15 per unit Administrative expenses, all fixed $21.00 per unit Ending inventories: Direct materials -0- WIP -0- Finished goods 500 units What is the contribution margin using variable costing
Business
2 answers:
Effectus [21]3 years ago
8 0

Answer:

$124,200

Explanation:

Swan Textiles Inc contribution margin using variable costing

Total sales = $98.00 × 1,800 = $176,400

Variable cost of goods sold = $23.00 × 1,800 = $41,400

Variable marketing costs = $6.00 × 1,800 = $10,800

Total variable costs ($41,400+ $10,800)= $52,200

Contribution margin = $176,400 - $52,200 = $124,200

Therefore the contribution margin using variable costing will be $124,200

kykrilka [37]3 years ago
5 0

Answer:

$124,200

Explanation:

Contribution margin is net of sales value and variable cost. This value is available to cover the fixed cost of the business and profit after adjusting fixed cost.

As per given data

Price = $98

Numbers of units sold = 1,800

Total Sales = $98 x 1,800 = $176,400

Variable cost = $23 x 1,800 units = $41,400

Variable marketing cost = $6 x 1,800 = $10,800

Total Variable cost = $41,400 + $10,800 = $52,200

Contribution Margin = Total Sales - Total Variable cost

Contribution Margin = $176,400 - $52,200

Contribution Margin = $124,200

You might be interested in
Which of the following indicates the financial position of a practice at a point in time and shows its assets and liabilities? A
adell [148]

Answer:

The correct answer would be C, Balance Sheet.

Explanation:

A balance sheet is a document, which contains information about the Assets, Liabilities and owner's Equity of a firm, company or an organization. There is a predetermined format to write a Balance Sheet. There are two sides in this statement. One side contains Assets and Liabilities of the Company, whereas the other side contains the Owner's Equity in a particular point of time. This statement summarizes the financial balances of an individual organization. There are other financial statements of the company as well like Income Statement, cash flow statement, etc, but Balance Sheet is considered most appropriate to have a look at the assets, liabilities and equity of the company at a specific point of time.  

8 0
3 years ago
Fixed costs remain constant at​ $400,000 per month. During highminusoutput months variable costs are​ $320,000, and during lowmi
vladimir2022 [97]

Answer:

The answer is  B. ​$45.00 per​ hour; $120.00 per hour

Explanation:

highminusoutput

Fixed costs       400000/16000= $25

variable costs   320000/16000= $20

Total                                           <u>=$45</u>

<u />

lowminusoutput

Fixed costs        400000/4000  = $100

variable costs    80000/4000  = $20

Total                                           =<u>$120</u>

3 0
3 years ago
Apex question: What type of information is best suited for infographics?
alisha [4.7K]
All varieties of information, from bullet pointed text to numerical tables
3 0
3 years ago
Read 2 more answers
​ Cold Boxes Corporation has 100 bonds outstanding with a maturity value of $1,000. The required rate of return on these bonds i
Serga [27]

Answer:

The annual coupon interest rate is 4%.

Explanation:

Bond Price = C *[1 - [1/(1 + i)^n]]/i + M/(1 + i)n

Bond Price = $768

n = number of periods

   = 5*2

   = 10 periods

C = ?

i = interest rate

 = 0.05

M = Face value

   = $1,000

768 = C*[1 - {1/(1 + 0.05)^10/0.05 +$ 1,000/(1 + 0.05)^10

768 = C*[1 - (1/1.05)^10/0.05 + $1,000/(1.05)^10

768 - 613.91 = 7.72173C

C = 154.08675 /7.7213

   = 19.95494

Annual = 19.95*2

            = $40

Coupon rate = 40/$1,000

                     = 4%

Therefore, The annual coupon interest rate is 4%.

7 0
3 years ago
1. An 80%-owned subsidiary sells land to its parent at a gain of $100,000. The following year, the parent sells the land to an o
EastWind [94]

Answer:

The answer is ""D

Decrease of $22,000

Explanation:

Parents and subsidiary may sell non-current asset  s to each other, resulting i n a profit  being recorded in the selling ent ity's financial statements.

If  these non- current assets are still held by  the purchasing  entity at the y ear-end, the  profit is unrealised from the gr oup’s perspective and should be  removed.

The NCI calculation would include an adjustment to  reduce the subsidiary's profit by $100,000 to eliminate the profit on  disposal of the intra-group transfer.

The NCI would be decreased by $100,000*20% = $20,000 and the gain on disposal $10,000*20% = $2,000

The NCI would be decreased by = $20,000 + $2,000 = $22,000

4 0
3 years ago
Other questions:
  • Objectives are both targets and what?
    15·1 answer
  • Dan Watson started a small merchandising business in 2018. The business experienced the following events during its first year o
    6·1 answer
  • ou might be an information systems worker if you _________. a. prefer a slow-paced environment, where technology rarely changes
    15·1 answer
  • It takes 30 minutes of direct labor time to make one unit. Direct labor wages average $17 per hour. Variable overhead is applied
    8·1 answer
  • Proposed by Richard Hackman and Greg Oldham, ________ states that work has five core dimensions that impact employee satisfactio
    15·1 answer
  • The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year a
    15·1 answer
  • At the end of the current year, $12,040 of fees have been earned but have not been billed to clients.
    15·1 answer
  • XYZ Ltd produces a product for which the annual demand is 10,000 units. Production averages 100 units per day, while demand is 4
    13·1 answer
  • Logistics means creating an efficient assembly line.<br> A. <br> True<br> B. <br> False
    14·2 answers
  • On May 20, White Repan Service extended an offer of $108,000 for land that had been priced for sale at $140,000 On May 30 White
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!