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
e-lub [12.9K]
3 years ago
10

Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4 pounds

of the material, S5 uses 3 pounds of the material, and G9 uses 6 pounds of the material. Demand for all products is strong, but only 50,000 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. K1 S5 G91 Selling price $ 160 $ 112 $ 210 Variable costs 96 85 144 1. Calculate the contribution margin per pound for each of the three products.
Business
1 answer:
antiseptic1488 [7]3 years ago
8 0

Answer:

The contribution margin per pound for K1, S5 and G9 is 16 per pound, 9 per pound , and 11 per pound respectively

Explanation:

Contribution margin : The contribution margin shows a difference between selling price and variable cost per pound

Mathematically,

Selling price per pound - Variable cost per pound = Contribution margin

Now, apply this equation for three products

For Product K1 = $160 - 96 = 64

For Product S5 = $112 - 85 = 27

For Product G9 = $210- 144 = 66

Now for computing the contribution margin per pound, divide each product contribution margin with each product pound

Mathematically,

For Product K1 = Contribution margin ÷ Pound

                        = 64 ÷ 4

                        = 16 per pound

For Product S5 =  Contribution margin ÷ Pound

                         = 27 ÷ 3

                         = 9 per pound

For Product G9 = Contribution margin ÷ Pound

                          = 66 ÷ 6

                          = 11 per pound

Thus, the contribution margin per pound for K1, S5 and G9 is 16 per pound, 9 per pound , and 11 per pound respectively.

You might be interested in
Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized b
Alinara [238K]

Answer:

a. $612

b. $2,480

Explanation:

a. Overhead is applied at a rate of $12 per direct labor hour.

Overhead applied would therefore be;

= 12 * total labor hours

= 12 * 51

= $612

b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead

= 978 + 890 + 612

= $2,480

5 0
3 years ago
Oahu Industries' average total assets for the year are $4,000,000, its average total stockholders' equity for the year are $3,00
Mandarinka [93]

Answer:

20%

Explanation:

Return on assets is a profitability ratio that shows how much in net income a company is able to generate from its assets.

It is a financial measure that shows the net profit a company is able to generate per $1 invested in assets.

Mathematically,

Return on asset = net income/average total asset

= $800,000/$4,000,000

= 0.2

= 20%

This means that the company's management is a to generate a net income of 20 cents for every $1 invested in assets.

8 0
3 years ago
All the following are examples of start-up costs EXCEPT
Zolol [24]

Answer:

A . payroll taxes.

Explanation:

Payroll taxes are imposed on the employers or employees of the company. In the examples of the question, the costs except for the payroll taxes are all paid by the company. Besides, payroll taxes are also not taxed on the company instead of on the employees' wages, which is funded by them. That is why all the examples are start-up costs except the payroll taxes

6 0
3 years ago
Q.1.2.2 Explain the implications on Airbnb should South Africa implement a<br><br> command economy.
icang [17]

Answer:

Throughout the next part, the description of the question is detailed.

Explanation:

Airbnb had already expanded fast throughout South Africa but since its inception throughout 2015.

  • It received criticism from the established accommodation sector, like certain other innovative companies.
  • Throughout order to assess Airbnb's impact, Creation story intelligence was requested for separate research to evaluate Airbnb's commercial importance.
5 0
3 years ago
To be a kindergarten teacher do you need university
Veronika [31]
There are no specific kindergarten teaching degrees (or kindergarten teaching courses), public school kindergarten teachers are required to haev at least a bachelor's degree in education. These professionals ordinarily major in elementary or early childhood education in a bachelor's degree program.
6 0
3 years ago
Other questions:
  • Holly owns a dance studio. To improve sales of dance classes, she is reviewing how her marketing team could update the company's
    12·1 answer
  • A professional gambler moves from a state where gambling is illegal to a state where gam-bling is legal. Most of his income was,
    12·1 answer
  • Degregorio Corporation makes a product that uses a material with the following direct material standards:
    13·1 answer
  • Economists often are interested in percentage change from one period to the next. The percentage rate of change of gross domesti
    9·1 answer
  • O
    15·1 answer
  • “Monopolistic competition is monopolistic up to the point at which consumers become willing to buy close-substitute products and
    7·1 answer
  • Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations. Enter your answers as
    6·1 answer
  • Help a business kid out:
    6·2 answers
  • Suppose that a coal factory emits pollution into the air and that a nearby neighborhood is harmed by this pollution. It would co
    8·1 answer
  • Now subtract the rest of your monthly expenses. You allow for 5% of your net pay of $2,989. 12 to be budgeted for medical expens
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!