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
Gala2k [10]
3 years ago
12

Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 3.7 pound

s of the material, S5 uses 3.4 pounds of the material, and G9 uses 6.1 pounds of the material. Demand for all products is strong, but only 44,500 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows.
K1 S5 G9
Selling price $155.8 $108.92 $205.55
Variable costs 91.00 90.00 136.00

Required:
Calculate the contribution margin per pound for each of the three products.
Business
1 answer:
Naily [24]3 years ago
6 0

Answer:

                                                      K1               S5                  G9

                                                       $                    $                 $

Contribution per pound           17.51           5.11      17.99

Explanation:

Contribution is he excess of selling price over variable cost. The following relationships would help in solving the question:

The contribution per Selling price - variable cost

The contribution per pound of a material = Contribution per unit/ Material per unit

                                                      K1               S5                  G9

                                                       $                    $                 $

Selling price                           155.8               108.92          202.55

Variable cost                             <u>(91.00)          ( 90.00)         (136.00)</u>

Contribution per unit                 64.8       18.92          66.55

Material per unit                            3.7             3.4               6.1

Contribution per pound           17.51           5.11      17.99

You might be interested in
Venus Inc., a producer of high-end computer software, provides merchandising aids to its distributors in the form of interactive
Tanya [424]

Answer: push marketing strategy

Explanation:

A Push Marketing Strategy can sometimes be referred to as the push promotional strategy, and this occurs when businesses take their products to the customers.

In this strategy, different marketing techniques are used by the company to push their products to the consumers. This can be seen in the question given as Venus Inc. is utilizing different methods in order to accelerate the sale of its new product.

6 0
3 years ago
2. How are school rules similar to state and federal laws? What woud the typical American high school be like if there were no r
jenyasd209 [6]
School rules and government rules are very similar, some similarity are no steeling and drugs and an average high school with no rules would be chaotic. 
7 0
4 years ago
For each example listed, decide if the good is a normal good or an inferior good. Make sure you answer from the perspective of t
babymother [125]

Answer:

Billy's mom increases his weekly allowance by $ 55 . As a result, Billy increases the number of apps he downloads on his smartphone.

If with increase in income demand increases, the good will be a normal good. Thus, apps that billy downloads are normal goods.

Susan gets a 15 percent performance bonus at work. She can finally stop eating so many frozen pizzas and eat something more tasty. Frozen pizzas are: Inferior goods

Here with increase in income, the demand for a commodity falls, the so called commodity is a inferior good. Thus, in this case frozen pizzas are inferior goods.

Mike is an appliance salesman. Refrigerator sales in his store have fallen and so has his commission. Mike decides to switch from name brand cereal to generic cereal. Generic cereal is: Inferior goods

If there is a fall in income and thus demand increases, the good is inferior. Thus, in this case generic cereal is an inferior good.

Hair stylist Molly loses a few of her clients. Molly cuts back on the number of smoothies she buys during the week. Smoothies are: Normal goods

If there is a decrease in income and thus demand falls, the good is normal. Thus, smoothies as commodity in this case will be refereed to as normal goods.

5 0
3 years ago
Which economic activity is part of a government's fiscal policy?
blagie [28]

Answer:

D. Spending tax revenues

Explanation:

Fiscal policies are the actions of the executive wing of the government to alter its spending and taxation strategies to achieve macroeconomic objectives. Fiscal policies are the activities of adjusting government spending and taxation in the economy.  

The government receives data on the state of the economy from various agencies.  The government adjusts its spending and taxes to influence the level of economic activities to achieve steady growth and stable prices.

5 0
3 years ago
Read 2 more answers
XYZ Company received $18,000 on April 1, 2020 for one year's rent in advance and recorded the transaction with a credit to a nom
djverab [1.8K]

Answer:

Dr Rent revenue

Cr Unearned rent revenue, $4,500

Explanation:

Preparation of XYZ Company Journal entry

Since we were told that the Company received the amount of $18,000 on April 1, 2020 for a one year's rent paid in advance in which the transaction has a credit to a nominal account, this means we have to record the transaction by Debiting Rent revenue with 4,500 and Crediting Unearned rent revenue, with the same amount of $4,500 calculated as

(3/12 x $18,000 ).

Dr Rent revenue

Cr Unearned rent revenue, $4,500

(3/12 x $18,000 )

7 0
3 years ago
Other questions:
  • Which of the following is usually used to connect a monitor to a computer?
    6·1 answer
  • Question 1
    15·2 answers
  • Is the establishment of the 200-mile limit a sufficient form of government intervention to ensure that the "tragedy of the commo
    6·1 answer
  • Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in th
    12·2 answers
  • Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2013, accounts receivable totaled $670,000. Th
    14·1 answer
  • An unmanned instrumented spacecraft designed for the acquisition of scientific data carried out in a space environment is called
    9·1 answer
  • ​ziff corp., a computer cabinet manufacturer, recently employed a new supply chain management system, which has never been used
    8·1 answer
  • 1. Sid bought a new $1,500,000 seven-year class asset on August 2, 2020. On December 2, 2020, he purchased $900,000 of used five
    13·1 answer
  • Each sole proprietor that applies for initial registration in a State as either a broker-dealer or investment adviser must file:
    10·1 answer
  • His lesson starts on time (change into negative)​
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!