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3 years ago

Suppose that Larimer Company sells a product for $24. Unit costs are as follows:

Business

1 answer:

yanalaym [24]3 years ago

3 0

Answer:

Variable cost per unit=$10.08

Contribution per unit=$13.92

Contribution margin ratio=58%

Variable cost ratio= 42%

c) Break-even units=3,000 units

Explanation:

Variable cost per unit

= 4.98 + 2.10 + 1.00 + 2.00 = $10.08

Variable cost per unit=$10.08

Contribution per unit = Selling price per unit - Variable cost per unit

= 24 - 10.08 =13.92

Contribution per unit=$13.92

Contribution margin ratio= contribution/selling price= 13.92/24 × 100=58%

Contribution margin ratio=58%

Variable cost ratio = variable cost/selling price= 10.08 /24× 100 = 42%

Variable cost ratio=42%

Break-even units = Total general fixed cost/contribution per unit

= (26,500 + 15,260)/ 13.92 = 3000 units

Break-even units=3,000 units

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Answer:

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Explanation:

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3 years ago

Jasper makes a $25,000, 90-day, 7% cash loan to clayborn co. jasper's entry to record the collection of the note and interest at

Irina-Kira [14]

Answer:

The journal entry is as follows:

Cash A/c Dr. $ 25,437.50

To Notes Receivable A/c $25,000

To Interest revenue A/c $437.50

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Interest for 90 Days:

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3 years ago

At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for

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Answer:

335.43 million gallons

Explanation:

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% change in quantity demanded:

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3 years ago

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3 years ago