Answer:
Contribution margin per unit = $85 per cubic yard
Contribution margin ratio = 56.67%
Explanation:
The computations are calculated below:
Contribution margin per unit = Selling price per cubic yard - variable cost cubic yard
= $150 - $65
= $85 per cubic yard
Contribution margin ratio would be
= (Contribution margin per cubic yard) ÷ (Selling price per cubic yard) × 100
= ($85) ÷ ($150) × 100
= 56.67%
And, The statement of contribution margin income for the month of August is shown below:
Sales (240 cubic yards × $150) $36,000
Less: Variable cost (240 cubic yards × $65) ($15,600)
Contribution margin $20,400
Less: Fixed expenses per month ($15,000)
Net income $5,400
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Answer:
Trial Balance
Items Group Debit ($) Credit ($)
Cash Asset 37641
Office Supplies Asset 890
Prepaid Insurance Asset 4600
Office Equipment Asset 12900
Accounts Payable Liability 12900
Capital Equity 18000
Withdrawals Equity 3329
Engineering Fees earned Revenue 36000
Rent Expense Expense <u>7540</u> <u> </u>
Total <u>$66900</u> <u>$66900</u>
Answer:
Correct answer is (C)
Explanation:
Budgeted profit vs. actual profit, return on investment, profit
