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
Semmy [17]
3 years ago
9

Variable Cost Ratio, Contribution Margin Ratio Chillmax Company plans to sell 3,500 pairs of shoes at $60 each in the coming yea

r, Unit variable cost is $21 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Fixed factory overhead is $30,000 and fixed selling and administrative expense is $48,000. Required: 1. Calculate the variable cost ratio. 2. Calculate the contribution margin ratio.
Business
1 answer:
rewona [7]3 years ago
8 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The company plans to sell 3,500 pairs of shoes at $60 each in the coming year. The unit variable cost is $21.

1) We need to use the following formula:

variable cost ratio= Variable cost/ selling price

variable cost ratio=  21/60= 0.35

2) We need to use the following formula:

Contribution margin ratio= (selling price - unitary variable cost) / selling price

Contribution margin ratio= (60 - 21) / 60= 0.65

You might be interested in
Which of the following typically have the highest auto insurance premiums?
igor_vitrenko [27]
Young inexperienced drivers

3 0
3 years ago
Read 2 more answers
The balanced scorecard approach
AnnyKZ [126]

Answer: The correct answer is "c. normally sets the financial objectives first and then sets the objectives in the other perspectives to accomplish the financial objectives.".

Explanation: The balanced scorecard approach normally sets the financial objectives first and then sets the objectives in the other perspectives to accomplish the financial objectives.

The balanced scorecard states that we must focus on the organization from four perspectives and that goals, measures, rules or objectives be developed for these perspectives.

The 4 perspectives are:

- Financial: which is the most important one whose objectives are established first and the objectives of the other perspectives will be established in order to meet the objective of the financial perspective.

-Client

-Internal processes

-Organizational capacity

3 0
3 years ago
Hurry! #2
andreyandreev [35.5K]

Answer:

lobbyist

Explanation:

i did research! ;)

3 0
3 years ago
This information relates to Cheyenne Real Estate Agency.
gregori [183]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr,                            $31,770

       To Common stock               $31,770

(Being issuance of shares for cash is recorded)

2. No Journal Entry is required

3. Office furniture Dr,          $3,740

       To Accounts payable           $3,740

(Being purchase of office furniture on credit is recorded)

4. Accounts receivable     $10,430

            To service revenue        $10,430

(Being customer billed for service is recorded)

5. Cash                                $185  

            To credit revenue       $185

(Being cash received for service is recorded)

6. Accounts payable $800  

                To cash                $800

(Being cash paid for office furniture purchased is recorded)

7. Salaries expense Dr, $3560  

               To cash                $3560

(Being salary paid is recorded)

5 0
4 years ago
Businesses can legally employ only those workers who a. Were born in the United States b. Have immigrated to the United States b
MariettaO [177]

Only workers who can demonstrate documentation of eligibility to work in the United States (US) are allowed to work<u> legally </u>in the United States, option (C) is the correct answer.

<h3>Who can be legally employed?</h3>

A country should not employ (and it is unlawful to do so / informal company) someone who is not legally permitted to work in the United States (US), an illegal immigrant is an example).

However, if you have a Visa, <u><em>you can </em></u>work in the United States without being a US citizen.

In either situation, the only stipulation is that the company wants you and that you are willing to accept the <u>compensation</u> they are providing.

For more information about legal employment, refer below

brainly.com/question/19586370?referrer=searchResults

4 0
3 years ago
Other questions:
  • Job Performance = Motivation x Ability x Situational Constraints
    13·1 answer
  • Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Niemann Company has a SUTA tax rate of 7.1%. The taxable
    14·1 answer
  • Single-industry resource towns built around either excavating raw materials like coal or lumber or transporting them by train te
    15·1 answer
  • The capability-building process:_______.a. requires first developing the ability to do something, however imperfectly or ineffic
    12·1 answer
  • Who is the leader of EG
    12·1 answer
  • Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next nine years b
    10·1 answer
  • The availability of a commodity is referred to as its
    13·1 answer
  • Question 9 of 10
    12·1 answer
  • Name one of the three different levels at which an organization can be diagnosed?
    12·1 answer
  • A loan originatro convinces an appraiser to fincresse the valuation on a home tht the originator's friend is trying to buy is th
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!