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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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Answer:

depreciation expense 2021 = $6,200

depreciation expense 2022 = $6,700

Explanation:

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number of miles driven during 2021 = 31,000

depreciation expense 2021 = 31,000 x $0.20 = $6,200

number of miles driven during 2020 = 33,500

depreciation expense 2022 = 33,500 x $0.20 = $6,700

8 0
2 years ago
Hart Attorney at Law experienced the follwoing transactions in 2016, the first year of operations:
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Answer:

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Explanation:

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6 0
3 years ago
When would your credit card company charge you an overlimit fee?
Anna71 [15]
D) when you charge more than your current credit limit
Why: because my sister has done it and I did that question in my school
Hope this helps good luck!!
5 0
2 years ago
Motorsports, Inc. had a predetermined overhead rate of $2 per direct labor hour. The direct labor hours were estimated to be 25,
Marat540 [252]

Answer:

$1,000

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7 0
3 years ago
You purchased 100 shares of IBM common stock on margin at $70 per share. Assume the initial margin is 50% and the maintenance ma
Misha Larkins [42]

Answer:

$50

Step by Step Explanation:

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0.30×100P= 30P

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P = $50

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4 0
3 years ago
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