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Vilka [71]
3 years ago
5

Clay Corporation manufactures two styles of lampslong dasha Bedford Lamp and a Lowell Lamp. The following per unit data are​ ava

ilable: Bedford Lamp Lowell Lamp Sales price $ 26 $ 38 Variable costs $ 16 $ 23 Machine hours required for one lamp 1 4 Total fixed costs are $ 32 comma 000​, and Clay can sell a maximum of 10 comma 000 units of each style of lamp annually. Machine hour capacity is 25 comma 000 hours per year. What is the contribution margin per machine hour for the Bedford​ Lamp? (Round your answer to the nearest​ cent.)
Business
1 answer:
mote1985 [20]3 years ago
4 0

Answer:

$ 10

Explanation:

Given:

For Bedford lamp

Sales price = $ 26

Variable cost = $ 16

Machine hours required per unit = 1

Now,

the contribution margin per unit = Sales price - Variable cost

= $ 26 - $ 16

= $ 10

therefore,

the contribution margin per machine hour is calculated as:

= contribution margin / machine hours

or

= $ 10 / 1

or

= $ 10

hence,

the contribution margin per machine hour for the bedford lamp is $ 10

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The limited liability of a stockholder in a closely-held corporation may be challenged successfully if the stockholdera. Underca
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Answer:

The correct Option is A

Explanation:

When the limited liability of the stockholder and it is a closely held corporation which might be challenged successfully if the stockholder, undercapitalized the corporation  which means that the corporation does not have enough capital to pay creditors and conduct normal operations of the business and it will be done when it is established or formed.

5 0
3 years ago
A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 18,300 uni
PtichkaEL [24]

Answer: 14.9%

Explanation:

18300/12770x100%

8 0
3 years ago
Blue Firm
labwork [276]

Answer:

F. Both firms have a dominant strategy to pick the Low Price option

Explanation:

In the given case as we can see that in the yellow form there is always a greater payoff by having a lesser price so it can be said that it set a less price

Now for the blue firm it also select the lesser price

So here the nash equilibrium would be

= (Low price, low price)

= (26,20)

The first payoff would be considered as a yellow firm and the other one is blue one

Therefore the last option is correct

6 0
2 years ago
Marginal cost increases as the quantity of output increases. This reflects the property o
sleet_krkn [62]

The property of marginal cost increasing as the quantity of output increases is known as diminishing marginal product.

<h3>What is diminishing marginal product?</h3>

Diminishing marginal product states that says as more units of a variable input of production is added to a fixed factor of production, output might increase initially but after a point total output would increase at a decreasing rate and marginal product would begin to decrease.

To learn more about diminishing marginal product, please check: brainly.com/question/10511919

7 0
2 years ago
Spice sells paprika for $9.00 per bottle. Variable cost is $2.43 per bottle and Spice's annual fixed costs are $825,000. The var
yKpoI14uk [10]

The variable expense ratio for paprika is 27%.

<h3>Variable expense ratio</h3>

Using this formula

Variable expense ratio=Variable cost/Selling price

Where:

Variable cost=$2.43

Selling price=$9

Let plug in the formula

Variable expense ratio=2.43/9×100

Variable expense ratio=27%

Inconclusion the variable expense ratio for paprika is 27%.

Learn more about variable expense ratio here:brainly.com/question/15684424

5 0
2 years ago
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