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Setler79 [48]
3 years ago
15

Steamroller Company sells two products—J and B. Steamroller predicts that it will sell 7400 units of J and 6500 units of B in th

e next period. The unit contribution margins are $2.90 and $6.30 for products J and B, respectively. What is the weighted-average unit contribution margin?
Business
1 answer:
sp2606 [1]3 years ago
3 0

Answer:

The weighted-average unit contribution margin is $4.50 per unit.

Explanation:

Weighted Average contribution margin is the average contribution margin of all products company sells.

Sale

Product J = 7,400

Product B = 6,500

Unit contribution margin

Product J = $2.9

Product B = $6.3

Contribution of Product J = 7,400 x $2.9 = $21,460

Contribution of Product B = 6,500 x $6.3 = $40,950

Total Contribution = $21,460 + 40,950 = $62,410

Total Sales Unit = 7,400 + 6,500 = 13,900 units

Weighted average contribution margin = Total Contribution / Total sales unit

Weighted average contribution margin = $62,410 / 13,900 units

Weighted average contribution margin = $4.49 per unit

Weighted average contribution margin = $4.5 per unit

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At December 31, 2020, Wildhorse Company has outstanding three long-term debt issues. The first is a $1,810,000 note payable whic
grandymaker [24]

Answer and Explanation:

The Preparation of note disclosure for the long-term debt is shown below:-

              Note disclosure for the long-term debt

               At the year end 31, December 2020

Year                Amount                 Working note

2021                    0

2022             $2,752,000   From annual sinking fund payment

2023             $4,562,000        ($1,810,000 annual sinking fund payment + $2,752,000 note payable maturity)

2024             $7,582,000         ($4,830,000 annual sinking fund          payment + $2,752,000 bond maturity)

2025             $2,752,000    From annual sinking fund payment

4 0
3 years ago
Lawn Chopper Company sells two types of lawn mowers. The first one is a basic lawn mower, which has variable costs of $50 and se
Temka [501]

Answer:

See below

Explanation:

Breakven even point is computed as

= Fixed costs / ( Sales price per unit - Variable costs per unit)

For basic lawn mower, Given that;

Fixed cost = $5,000,000

Sales price per unit = $150

Variable costs per unit = $50

BEP = $500,000 / ($150 - $50)

BEP = $500,000 / $100

BEP = 5,000 units

For Riding tractor, given that;

Fixed costs = $500,000

Sales price per unit = $1,500

Variable cost per unit = $500

BEP = $500,000 / ($1,500 - $500)

BEP = $500,000 / $1,000

BEP = 500 units

It therefore means that 5,000 units of basic Lawn mower must be sold to break even, while 500 units of riding tractor must be sold to break even.

7 0
2 years ago
Yarin's gross pay for the year was $3,500. The federal income tax withholding from his pay was 9% of his gross pay. Yarin determ
kakasveta [241]

Answer:

$200

Explanation:

5 0
3 years ago
Amounts withheld from each employee for social security and medicare vary by state.
satela [25.4K]

It is False.

No matter which states the employee lives, the amounts withheld from each employee for social security and medicare do not vary by state. The present tax rate for social security for employers and employees is 6.2% and the present current rate of medicare is 1.45% for both the employer and employee.

Employers are typically required to withhold Social Security and Medicare taxes from an employee's paycheck and pay the employer's share of those taxes.

The Social Security Tax and the Medicare Tax have different rates, and only the Social Security tax has a salary cap. The base salary ceiling is the maximum taxable salary in the year. Determine the withholding amount for Social Security and Medicare contributions by multiplying each payment by the employee's tax rate.

To learn more about social security and medicare from given link

brainly.com/question/19277833

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3 0
1 year ago
For each of the following independent cases, use FIFO costing to determine the information requested. Required: a. In the beginn
Ludmilka [50]

Answer:

$35,000

Explanation:

Units started and completed means that out of the units completed and transferred, how many were started during the period. This figure is calculated in physical terms only. So there is no need to express any units in their equivalents.

So, this gives us an idea of how to calculate this :

Units started and completed = Units Completed and Transferred - Units in Beginning Work in Process

therefore,

Units started and completed = 40,000 units - 5,000 units = $35,000

3 0
2 years ago
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