Answer:
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Explanation:
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Answer:
Contribution margin per unit= $12.85
Explanation:
Giving the following information:
Direct materials$ 7.05
Direct labor$ 4.20
Variable manufacturing overhead$ 1.55
Sales commissions $ 1.15
Variable administrative expense$ 0.40
<u>To calculate the contribution margin, we need to use the following formula:</u>
Contribution margin per unit= selling price - total unitary variable cost
Contribution margin per unit= 27.2 - (7.05 + 4.2 + 1.55 + 1.15 + 0.4)
Contribution margin per unit= $12.85
I think d hopes this helps
Answer;
A
Explanation:
two types of industries are made mention of in this question.
1)Local Fledgling Industries
2)Export Dependent Industries,who are being forced to buy products from local industries now.
Since the Government has placed a ban on the importation of the products that are being made by the local fledgling industries. The implication of this is that:
1. Buyers of those import products will experience a rise in the Cost of those products as the competition faced by the Fledging industries decreases.
2. Competing becomes difficult for Export dependent industries. This is because of inflation. They now have to buy the same product at an inflated cost, thereby reducing profits.
Answer:
The company should recognize d. $120,000 loss on disposal
Explanation:
Companies frequently sell plant assets to dispose them. To recognize gain or loss on disposal:
First, the company calculates the carrying amount of the asset by using the original cost of the asset, minus all accumulated depreciation and any accumulated impairment charges.
Then, subtract this carrying amount from the sale price of the asset. If the remainder is positive, it is a gain and if the remainder is negative, it is a loss
.
In Wonder Company:
The carrying amount of the asset = $720,000 - $360,000 = $360,000
Sales price - carrying amount of the asset = $240,000 - $360,000 = -$120,000 <0
The company should recognize $120,000 loss on disposal