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lys-0071 [83]
3 years ago
11

At its $60 selling price, Atlantic Company has sales of $15,000, variable manufacturing costs of $4,000, fixed manufacturing cos

ts of $1,000, variable selling and administrative costs of $2,000 and fixed selling and administrative costs of $1,000. What is the company's contribution margin per unit?a. $26b. $28c. $44d. $36
Business
1 answer:
Kay [80]3 years ago
6 0

Answer:

$28

Explanation:

Step 1:

If a company sells a product at $60 each and makes a sale of $15,000, the number of units of items produced is

$15,000 ÷ $60 = 250 units.

Step 2:

To calculate the company's contribution margin per unit,

we have, (unit selling prices - unit production cost)

unit selling price is #60

unit cost of production is (total cost of prodcution ÷ number of units)

total cost of production is $4,000+ $1,000+ $2,000+ $1,000 = $8000

Unit cost of production is $8000 ÷ 250 = $32

i.e it takes $32 to manufacture 1 product.

Contribution margin = $60 - $32

                                 = $28

∴ the contribution margin is $28.

Cheers.

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On January 1, 2020, Novak Corp. had inventory of $56,500. At December 31, 2020, Novak had the following account balances.
salantis [7]

Answer:

  • Gross Profit ⇒ $296,500
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Explanation:

Gross Profit;

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Net sales = Sales revenue - sales discounts - sales returns and allowances

= 807,000 - 6,000 - 10,900

=  $790,100

Cost of Goods sold

= Opening balance + Purchases + Freight-in - Purchase discounts - Purchase returns and allowances -closing balance

= 56,500 + 509,500 + 4,800 - 8,000 - 2,700 - 66,500

= $493,600

Gross Profit = 790,100 - 493,600

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Operating Expense

Net Income =  Gross profit - operating expenses

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Operating expenses = 296,500 - 143,000

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6 0
2 years ago
PLEASE ANSWER ASAP! Which of the following statements are true about brokerage firms? (Select all that apply.)
Zepler [3.9K]

Answer:

C and E.

Explanation:

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There are three types of brokerage firms. They are:

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The discount brokerage provides less comprehensive services than the traditional one or the full-service brokerage. These services are provided via online as well by discount brokerage.

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Answer:

the customer is prohibited from buying these securities

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The filter that can be used to find a specific project when in the work area is: Project name.

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Wanna join a pad let with me, ill send li nk,
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No thanks im good thanks for asking tho
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