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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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​ Chandra sues Martin for breach of contract. Both parties have completed discovery. Chandra now wants her attorney to file a mo
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8 0
3 years ago
Which of the following statements about the role of institutions in economic growth is TRUE and which of the following statement
ki77a [65]

Answer:

Explanation:

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8 0
3 years ago
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Answer:

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Journal Entry

Dr.  Cash                        $990,000

Dr.  Discount on Bond  $10,000

Cr. Bond Payable          $1,000,000

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