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skad [1K]
2 years ago
7

If the monthly sales volume required to break even is $190,000 and monthly fixed costs are $55,900, the contribution margin rati

o is closest to: Select one: a. 29% b. 71% c. 340% d. 23%
Business
1 answer:
Vladimir79 [104]2 years ago
6 0

Answer:

a. 29%

Explanation:

Given that

Contribution margin = $55,900

Sales = $190,000

The computation of contribution margin ratio is shown below:-

Contribution margin ratio = Contribution margin ÷ Sales

= $55,900 ÷ $190,000

= 29%    

Therefore for computing the contribution margin ratio we simply divide sales by contribution margin ratio.

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Pestiferous Manufacturing produces a chemical pesticide and uses process costing. There are three processing departmentslong das
statuscvo [17]

Answer:

C. $ 32,742

Explanation:

The cost per equivalent unit were $ 1.35 for direct materials and $ 5.20 for conversion costs.

The Ending Work In Process has Equivalent Units  9000 complete as to materials and 44% complete as to Conversion Costs.

So the costs will be

Materials = 9000 *100% * $ 1.35 = $ 12150

Conversion = 9000 * 44% * 5.20 = $ 20592

Total Costs $ 32742

The Ending Work in Process costs are found by multiplying the unit costs with the Equivalent number of units multiplied with the percentage of completion.

5 0
3 years ago
Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hou
vovangra [49]

Answer:

$1,411.25

Explanation:

The computation of the combined gross monthly income is shown below:

The earnings of Jose = $23.50 × 40 hours = $940

And, the earnings of Zola is

= $21.50 × 40 hours + 5 hours × $21.50

= $860 + $161.25

The total earnings is

= $940 + $860 + $161.25

= $1,961.25

And, the expenses are

= $500 + $50

= $550

So the combined gross monthly income is

= $1,961.25 - $550

= $1,411.25

7 0
3 years ago
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 un
fgiga [73]

Answer:

B 30 percent

Explanation:

Initial cost of production = (2×$10) + (5×$4) + (8×$3) = $20+$20+$24 = $64

New cost of production = (2×$10) + (5×$8) + (8×$3) = $20+$40+$24 = $84

% rise in cost of production = (new cost - initial cost)/initial cost × 100 = (84 - 64)/64 ×100 = 20/64 × 100 = about 30%

6 0
3 years ago
Janet bought flour and used it to bake bread she ate. ABC Bakery bought flour which it used to bake bread that customers purchas
andrew11 [14]

Answer:

Explanation:

In the first case flour can be counted as final good as it was consumed just after that . Bread for self consumption is not a good . On the other hand bread

is a final good in second case as it had some commercial value . Flour is work- in -process.

8 0
3 years ago
Demand is created through meeting customer buying criteria, credit terms, awareness (promotion) and accessibility (distribution)
LenKa [72]

Answer:

hello the Thrift segment customers table is missing hence i will give you a general guideline to the correct answer

answer : Of all the products listed, the product with the highest survey score in the month of December is the most competitive at the end of last year.

Explanation:

The product that was the most competitive at the end of last year is the product with the highest survey score for the month of December. this is because the more competitive a survey score of a product is, it signifies that  more customers are interested in the product and that will make the product very competitive in the open market

7 0
3 years ago
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