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
marysya [2.9K]
3 years ago
7

Sales were $500,000. The variable cost of goods sold was $300,000. The variable selling and administrative expenses were $75,000

. Fixed costs were $60,000. Using variable costing, what is the contribution margin
Business
1 answer:
MA_775_DIABLO [31]3 years ago
7 0

Answer:

$125,000

Explanation:

The sales were $500,000

The variable cost of goods sold is $300,000

The variable selling and administrative expenses were $75,000

The fixed costs were $60,000

Therefore the contribution margin ratio using the variable costing can be calculated as follows

CMR= Sales revenue-Variable cost of good sold-The variable selling and administrative expenses

= $500,000-$300,000-$75,000

= $200,000-$75,000

= $125,000

Hence the contribution margin ratio is $125,000

You might be interested in
Grande Communications offers a lower price to customers who subscribe to Grande television, telephone, and internet services all
garri49 [273]

The answer is Price Bundling.

Price bundling is a marketing strategy. In this type of strategy, the company combines two or more products to sell them at a lower price than if the same products were sold individually.

It is also called product bundling or product-bundle pricing. As two or more products are combined/ bundled together to sell them at a lower price.

Hence, when Grande Communications offers a lower price to customers who subscribe to Grande television, telephone, and internet services all at once. This is an example of Price Bundling.

Learn more about Market strategy:

brainly.com/question/21629547

#SPJ4

8 0
2 years ago
The Baldwin's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automati
Serggg [28]

Answer: d. $282,000

Explanation:

The workforce complement is to increase by 10%;

= 471 * 10%

= 47.1

= 47 people

Recruiting cost = 47 * (recruiting base + recruiting spend)

= 47 * ( 1,000 + 5,000)

= $282,000

4 0
3 years ago
Which is correct? please help​
choli [55]

Answer:

c

Explanation:

because if you have all new employees people won't see you as a serious company

4 0
3 years ago
Read 2 more answers
Chet Bowes owns his own landscaping business, including all the land on which the company grows its plants, and all the equipmen
aliya0001 [1]

Answer:

Inheritance

Explanation:

The above question highlights example of inheritance. Whenever the ownership of business is transferred from one generation to another, it can be taken as an example of inheritance in a capitalist system.

The same has happened in the above question as well. Chet Bowes who owned his own lanscapped business has now transferred the ownership to his son Josh who has recently taken charge, now it is very much clear from the question neither Josh built the company on his own now was hired on the basis of his capabilities, the transfer happened on the basis of his relationship with the owner of the company. The question shows an example of inheritance.

5 0
3 years ago
Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases
Firlakuza [10]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Purchases:

40 units at $100·

70 units at $80·

170 units at $60

Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.

First, we need to calculate the average purchase cost.

Average cost= (100*40 + 80*70 + 60*170)/280= $70.7

Now, we can calculate the value of ending inventory:

Inventory= $70.7*10= $707

7 0
3 years ago
Other questions:
  • The _________________ argument points out that if an employer reacts to poor business conditions by reducing pay for all workers
    13·1 answer
  • Asking questions about the employer during an interview _____. makes you seem uninformed takes the focus off your qualifications
    10·2 answers
  • Drag the tiles to the correct boxes to complete the pairs.
    7·2 answers
  • In 1924, the famous novelist F. Scott Fitzgerald wrote an article for the Saturday Evening Post entitled ?How to live on $36,000
    12·1 answer
  • The cost accountant for Angie’s Apparel has compiled the following information for last month's operations. Administrative costs
    5·1 answer
  • An attractive business climate is defined by only one dimension: it minimizes the political risk to a company.
    9·1 answer
  • Cost of debt For which capital component must you make a tax adjustment when calculating the weighted average cost of capital (W
    9·1 answer
  • a. Create the most efficient way to move products from producer to consumer b. Create a network of suppliers, intermediaries and
    7·1 answer
  • 7. Social and emotional development can include using A. television viewing. B. flashcards. C. tablet apps. D. games.
    5·2 answers
  • Explain consumptions of the principal of absolute advantage​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!