Answer:
This is all the information I could find.
Answer:
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Answer:
$2.2 per unit
Explanation:
With regards to the above and to compute the company's unit contribution margin, we need to first calculate the total contribution margin
Total contribution margin
= Sales revenue - Variable manufacturing expenses - Variable selling and administrative expenses
= $1,104,600 - $432,000 - $94,000
= $578,600
Therefore, the company's unit contribution margin
= Total contribution margin ÷ Number of units produced and sold
= $578,000 ÷ 263,000
= $2.2 per unit
The answer to this question is Technological environment
Since the development of internet and other computer technologies, marketers gained the ability to market their products on a global scale with basically no cost. Marketers could easily utilize internet features such as social medias and blogs in order to improve their brand's awareness
Warranty payable=Debit=9000
Cash=Credit=9000
<u>Explanation</u>:
<u><em>Given</em></u>
Sales= $230,000 in one year
Warranty expense= 4% of sales
Cash paid to settle warranty obligations= $9,000
The journal entries required to recognize the settlement of the warranty obligations=?
Warranty payable=Debit=9000
Cash=Credit=9000
Warranty is a written statement or promise given by the manufacturer or seller of a product to the customer to repair or replace the product in case of any fault or damage within specific period of time.
