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3 years ago

Contribution margin is:

Business

1 answer:

Serggg [28]3 years ago

8 0

Answer:

The correct answer is letter "D": sales less variable production, variable selling, and variable administrative expenses.

Explanation:

Contribution Margin is the difference between the revenue from sales and variable costs. This helps a company to analyze the profitability of individual products by calculating how earnings are influenced by sales. In other words, the contribution margin represents the portion of revenues that are used to cover fixed expenses such as administrative staff payments.

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A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

Verdich [7]

Answer:

Total Period cost for the month= $427,400.00

Explanation:

Under variable costing,

Period costs are fixed costs

Fixed Manufacturing Overhead= $298,700.00

Fixed selling & Admin costs= $128,700.00

Total Period cost for the month= $427,400.00

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3 years ago

Please select the industry-standard types of cameras. A)Point and shoot B)Camera Phone C)HDR D)Polaroid E)DSLR

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Explanation:

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3 years ago

Read 2 more answers

Lena Company has provided the following data (gnore income taxes); 2016 revenues were $77,000. 2016 expenses were $48,600. Divid

Ilya [14]

Answer:

Option (b) is correct.

Explanation:

(a) Net Income:

= Revenues - Expenses

= $77,000 - $48,600

= $ 28,400

(b) Retained earnings :

= Net Income - Dividend

= $ 28,400 - $7,700

= $20,700

= Total assets - Total Liabilities

= 185,000 - $105,000

= $80,000

Therefore, the retained earnings at December 31, 2016 were $20,700.

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3 years ago

Two stores sell the same computer for the same original price. store a advertises that the computer is on sale for 25% off the o

jonny [76]

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3 years ago

The Lodge borrowed $2,000,000 for five years at an annual interest rate of 9% from the Merchant Bank, which required a $100,000

AleksandrR [38]

Answer:

option (b) 9.5%

Explanation:

Data provided in the question:

Loan Amount = $2,000,000

Annual interest rate = 9%

Required compensating balance = $100,000

Now,

Effective interest rate(EIR)

= (loan × Annual interest on loan) ÷ (Loan - Required compensating balance)

= ($2,000,000 × 9% ) ÷ ( $2,000,000 - $100,000 )

= ($2,000,000 × 0.09 ) ÷ ( $1,900,000 )

= 0.0947 ≈ 0.095

= 0.095 × 100%

= 9.5%

Hence,

the answer is option (b) 9.5%

4 0

3 years ago