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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

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Answer:

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Transaction # 1

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Hence -

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Transaction # 3

Inventory comes under supply & its temporarily restricted net assets

Hence

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Transaction # 4

Advertising comes under Permanently Restricted Net Assets

Hence

Net Assets = $0 - (-$5000) = $0 + $5000 = $5000

Transaction # 5

Office Equipments comes under Temporarily Restricted Net Assets

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Hence ending balance is

Unrestricted Net Asstes = $0

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Permanently Restrcited Net Asstes = $5000

Explanation:

See attached file for table

8 0
3 years ago
When does one country have an absolute advantage over another country?
Rashid [163]
A country with an absolute advantage over another country achieves this if their production costs are lower.

Absolute advantage means a company or individual out perform another more efficiently. In this case, if two companies are making a product and one selling them for the same price, but one company can make the product for cheaper, they have an absolute advantage. 
7 0
3 years ago
Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in
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Answer:

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Explanation:

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4 0
2 years ago
On January 1, 2011, Ozark Minerals issued $10 million of 9%, 10-year convertible bonds at 101. The bonds pay interest on June 30
horsena [70]

Answer:

Explanation:

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5 0
3 years ago
Read 2 more answers
Kenji has had an illness and an accident during the year. His combined out-of-pocket expense for both incidents was $1,000. The
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Answer:

b. Deductible

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hence, the correct option is b.

And the other options are wrong

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7 0
2 years ago
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