Answer:
Please find attached solution.
Explanation:
Answer:
$2.09 per unit
Explanation:
The computation of variable expenses per unit is shown below:-
Let variable costs be $x
Contribution margin per unit = Sales - Variable costs
= $3.20 - x
At break-even,units = Fixed costs ÷ Contribution margin
100,000 = $111,000 ÷ ($3.20 - x
)
100,000 × ($3.20 - x
) = $111,000
$320,000 - 100,000x = $111,000
($320,000 - $111,000) ÷ 100,000 = x
$209,000 ÷ 100,000 = x
x = $2.09 per unit
Answer:
d. the par value of the bond.
Explanation:
All the discount or premium would have been amortized at the time of maturity. Only the par value of the bond will be leftover which should be repaid. Hence, the correct answer is option d "par value of the bond"
With sales of 9,000 units, contribution margin per unit of $32 and fixed costs total of $120,000, Lance's profit is $168,000.
<h3><u>
What is contribution margin?</u></h3>
- A gross or per-unit basis might be used to express the contribution margin.
- It indicates the additional revenue made for each product or unit sold after the variable element of the business's costs have been subtracted.
- The selling price per unit less the variable cost per unit is the contribution margin.
- The metric, also known as dollar contribution per unit, shows how a specific product affects the company's overall earnings.
Contribution margin offers a means of demonstrating the potential for profit of a specific product being offered by a business and displays the percentage of sales that goes toward paying the business' fixed costs. Profit is the amount that remains after fixed expenses have been paid.
Number of units sold = 9,000.
Contribution margin per unit = $32.
Expenses = $32 × 9000 = $2,88,000.
Profit = $2,88,000 - $120,000 = $1,68,000.
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