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Hatshy [7]
3 years ago
6

produces sports socks. The company has fixed expenses of $ 75 comma 000$75,000 and variable expenses of $ 0.75$0.75 per package.

Each package sells for $ 1.50$1.50. Read the requirementsLOADING.... Requirement 1. Compute the contribution margin per package and the contribution margin ratio. Begin by identifying the formula to compute the contribution margin per package. Then compute the contribution margin per package. ​(Enter the amount to the nearest​ cent.) – = Contribution margin per unit
Business
1 answer:
8090 [49]3 years ago
7 0

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price= $1.5

Unitary variable cost= $0.75

Fi<u>rst, we need to calculate the unitary contribution margin:</u>

<u></u>

Contribution margin= selling price - unitary variable cost

Contribution margin= 1.5 - 0.75

Contribution margin= $0.75

<u>Now, we can calculate the contribution margin ratio:</u>

contribution margin ratio= contribution margin/selling price

contribution margin ratio= 0.75/1.5

contribution margin ratio= 0.5

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The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. Th
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Answer:

The company should order 100 units to minimize total inventory cost.

Explanation:

Given,

Annual Demand, D = 2,000 units

Order cost, S = $20

Purchase cost = $40

Holding cost, H = Purchase cost x percentage of holding cost

Holding cost = $40 × 20%

Holding cost = $8

We know, the company should order the highest number of products with a minimum cost, and for that, the company uses economic order quantity. Hence,

Economic Order Quantity (EOQ) = \sqrt\frac{2*D*S}{H} }

EOQ = \sqrt \frac{2*2,000*20}{8}

EOQ = \sqrt{10,000}

EOQ = 100

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The cost object of the plantwide overhead rate method is: Select one:
Oduvanchick [21]

The cost object of the plant-wide overhead rate method is "The unit of product"

Explanation:

Unit cost is the total production cost divided by the number of units manufactured. A company usually produces similar products in lots with hundreds or thousands of units per batch.

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On small-budget films, what qualities or qualifications might a filmmaker seek in a production sound mixer?
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The stockholders' equity section of the balance sheet for Potawatomi Corporation appeared as follows before its recent stock div
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Answer:

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