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Elina [12.6K]
3 years ago
13

Reliance Corporation sold 4,500 units of its product at a price of $20 per unit. Total variable cost per unit is $11.00, consist

ing of $10.10 in variable production cost and $0.90 in variable selling and administrative cost. Compute the contribution margin for the company.
Business
1 answer:
BaLLatris [955]3 years ago
8 0

Answer:

$40,500

Explanation:

A Companies Contribution Margin is a product's price minus all associated variable costs, this final value gives the products incremental profit earned for each unit sold. Therefore in this scenario, the Contribution Margin for the company is as follows

(4,500 * $20) - (4,500 * $11)

$90,000 - $49,500

$40,500

Therefore the final Contribution Margin for the company is $40,500 dollars.

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Mcmurtry corporation sells a product for $180 per unit. the product's current sales are 12,900 units and its break-even sales ar
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14%

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3 years ago
In November 2016, General Motors produced a car that was delivered to a local dealership in December 2016. The auto was sold to
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Answer:

It will be counted as investment in 2016 and negative investment in 2017.

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3 years ago
Assume that you have already completed a 5-year international assignment working for KPMG as a Tax Consultant in Singapore.
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6 0
2 years ago
Suppose there are two states that do not trade: Iowa and Nebraska. Each state produces the same two goods: corn and wheat. For I
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Answer:

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