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KIM [24]
3 years ago
15

Molly company sells 39,000 units at $42 per unit. Variable costs are $33.6 per unit, and fixed costs are $154,000. Determine (a)

the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
a. Contribution margin ratio (enter as a whole number.) %
b. Unit contribution margin (round to the nearest cent.) $ per unit
c. Income from operations $
Business
1 answer:
Serga [27]3 years ago
7 0
Income from operations $
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McCoy Brothers manufactures and sells two products, A and Z in the ratio of 4:2. Product A sells for $75; Z sells for $95. Varia
OverLord2011 [107]

Answer:

The correct answer is none of the answer is correct as it is 3,100 units

Explanation:

Contribution margin = (Selling price per unit of product A - Variable cost per unit of product A) ×  Sales Mix + (Selling price per unit of product Z - Variable cost per unit of product Z) ×  Sales Mix

= ($75 - $35) ×  4 + ($95 - $40) × 2

= $40 ×  4 + $55 ×  2

= $160 + $110

= $270

Compute break even sales as:

Break even sales = Fixed Cost / Contribution margin

$418,500 / $270

= 1,550 units

Computation of the number of units must be sell to break even:

Break even sales of product Z = Sales mix of product Z × Break even sales in total

= 2  ×  1,550 units

= 3,100 units

3 0
3 years ago
Kinetic Company estimates that overhead costs for the next year will be $1,600,000 for indirect labor and $400,000 for factory u
netineya [11]

Answer:

The correct answer is "False".

Explanation:

The given values are:

Indirect labor,

= $1,600,000

Factory utilities,

= $400,000

Direct labor hours,

= $50,000

Now,

The plantwide overhead rate will be:

= \frac{Indirect \ labor +Factory \ utilities}{Direct \ labor \ hours}

On substituting the values, we get

= \frac{1,600,000+400,000}{50,000}

= \frac{2,000,000}{50,000}

= 40 ($) direct labor per hour

Thus the above is the right response.

4 0
2 years ago
Suppose the United States has two​ utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of s
jok3333 [9.3K]

Answer:

The incomplete part of the question is "Using a cap-and-trade system of tradable emission allowances will eliminate half of the sulfur dioxide pollution at a cost of $1 million per year. If the permits are not tradable, what will be the cost of eliminating half of the pollution? If permits cannot be traded, then the cost of the pollution reduction will be $1 million per year." The full question is attched as picture as well

1) Tradable permit system

Then lower MAC firm will abate the all pollution units

Then as MAC1 = $250, MAC2 = $275

Firm 1 = Consolidated electric

Firm 2 = Commonwealth utility

Then 1 will sell all permits to 2, at a price between $250 & $275.

So total cost of abatement of 20 units = MAC1 * 20

= $250 * 20  Unit

= $5,000

2) Non-tradable permits

Total cost = MC1*10 + MC2*10

= $2,500 + $2,750

= $5,250

7 0
3 years ago
1)A checking account is sometimes also called a:
love history [14]

1) demand deposit account.

2) Computer software.

3) Saved for emergencies.

4) A job.

5) It's far more difficult to manage an account electronically.

6) Checks written after the statement closing date wouldn't appear on the statement.

7) When a check is drawn for more than the balance, the rest comes from a credit card account.

8) The account holder does not need to record the amount of the purchase in his or her check register.

9) All the above.

10) Easier.

5 0
3 years ago
Superior Construction Co. was contracted to plaster all the buildings of a historical preservation project for $2,500,000 over t
Cerrena [4.2K]

Answer:

Gross Profit in Year 1 = $200000

so correct option is B. $200,000

Explanation:

given data

historical preservation project = $2,500,000

time = 2 year

estimated costs = $2,000,000

Actual costs Years 1 = $800,000

Actual costs Years 2 = $900,000

to find out

what amount of gross profit would Superior report in Year 1

solution

we find here first Percentage Completion that is express as

Percentage Completion = Cost to date ÷  Estimated Total Cost  .............1

put her value we get

Percentage Completion = \frac{800000}{2000000}

Percentage Completion  = 40%

and

Revenue Recognized will be here

Revenue Recognized = Percentage Completion  × Total estimated Revenue   ...............2

Revenue Recognized = 40 % × 25000000

Revenue Recognized = 1000,0000

so here Gross Profit in Year 1  will be  

Gross Profit in Year 1 = Revenue Recognized - Cost to date of year 1   ..............3

Gross Profit in Year 1 =   1000,0000 - v800000

Gross Profit in Year 1 = $200000

so correct option is B. $200,000

3 0
3 years ago
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