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irakobra [83]
3 years ago
9

A firm expects to sell 25,200 units of its product at $11.20 per unit and to incur variable costs per unit of $6.20. Total fixed

costs are $72,000. The total contribution margin is:
Business
1 answer:
Temka [501]3 years ago
7 0

Answer:

The answer is $126,000

Explanation:

Contribution Margin is calculated as selling price minus the variable cost. It measures the ability of the sales price to cover the variable cost incurred on the goods produced.

Selling price per unit - $11.20

Variable cost per unit - $6.20

Contribution margin = $11.20 - $6.20

= $5

Total contribution margin is

$5 x 25,200 units

= $126,000

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Sascha is in a marching band. Because the band members move together identically, the audience perceives waves of motion. Sascha
nata0808 [166]

Answer: Common fate

Explanation:

The gestalt principle of common fate explains that objects moving in the same direction with a similar speed range, are observed as being part of one body.

Sascha's band director is making use of the gestalt principle of common fate to give the audience an illusion of waves of motion from the movement of the band members.

3 0
3 years ago
On January​ 1, 2018, Jordan Company acquired a machine for​ $1,090,000. The estimated useful life of the asset is five years. Re
anyanavicka [17]

Answer:

$206000.

Explanation:

Given: Asset purchase value = \$ 1090000

          Residual value after five years= \$ 60000

          Estimated useful life of asset= five years.

Now, we will calculate depreciation per year using straight line method.

Depreciation= \frac{(purchased\ value\ of\ asset - residual\ value)}{estimated\ useful\ life\ of\ asset}

⇒ Depreciation = \frac{(1090000 - 60000)}{5} = \frac{1030000}{5}

∴ Depreciation expense per year = \$ 20600

3 0
3 years ago
If total utility has reached a maximum level, and assuming that diminishing marginal utility already applies, then what will hap
Nady [450]

Answer:

Marginal utility of the additional units will turn negative

Explanation:

As total utility has reached a maximum level, adding additional units of the same product will generate the total utility to decrease thus, the marginal utility of this additional products is negative as they made the utility of the consumer to decrease.

The diminish return theory state that:

The units increase utility at a decreasing rate  and then, they reach a maximum of utility afterwhihc, additional units do not generate utility, they decrease it

4 0
3 years ago
A machine with a cost of $148,000 and accumulated depreciation of $103,000 is sold for $59,000 cash. The amount that should be r
Lunna [17]

Answer:

c. $59,000

Explanation:

The cash flow statements shows the effect of the company's activities on cash. These activities are classed into operating, investing and financing activities.

When an asset is sold, the amount received from the sale is an inflow of cash to the company. This inflow is recognized in the investing segment of the cas flow statement.

Hence, the amount that should be reported as a source of cash under cash flows from investing activities is $59,000.

4 0
3 years ago
When the production process is complete in process costing, the completed goods and the accumulated costs are transferred across
alukav5142 [94]

Answer:

A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the final department in the series of process

Explanation:

In the case when the process related to the production is finished so the completed goods and accumulated profits could be transferred

So, the following should be the journal entry

Finished goods inventory XXXXX

          To Work in Process Inventory - Final dept XXXXX

(Being the production process is completed recorded)

Here the finished goods is debited as it increased the assets and credited the work in process as it decreased the assets

3 0
3 years ago
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