1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maksim [4K]
3 years ago
5

Tirri Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.40 Direct labor $ 3

.65 Variable manufacturing overhead $ 1.45 Fixed manufacturing overhead $ 24,200 Sales commissions $ 1.20 Variable administrative expense $ 0.75 Fixed selling and administrative expense $ 8,600 If the selling price is $27.90 per unit, the contribution margin per unit sold is closest to:
Business
1 answer:
Rufina [12.5K]3 years ago
3 0

Answer:

$13.45

Explanation:

The computation of contribution margin per unit sold is shown below:-

Contribution margin per unit = Selling price - (Direct materials + Direct labor + Variable manufacturing overhead + Sales commissions + Variable administrative expense)

= $27.90 - ($7.40 + $3.65 + $1.45 + $1.20 + $0.75)

= $27.90 - $14.45

= $13.45

Therefore for computing the contribution margin per unit sold we simply applied the above formula.

You might be interested in
Which of the following statements is CORRECT? Group of answer choices Unlimited liability and limited life are two key advantage
Pepsi [2]

Answer:

The correct statement is;  Limited liability is an advantage of the corporate form of organization to its owners (stockholders), but corporations have more trouble raising money in financial markets because of the complexity of this form of organization.

Explanation:

A limited company can either be private or public. A limited company posses these 2 key features namely;

1.  Limited liability- the liability of shareholders is limited to the amount of their investment in the company.

2. Seperate legal existence-  a limited company can in it's name sue, be sued and enter into contracts.

Limited liability means that the investors can only lose the money they have invested and no more, meaning lenders have to keep this in mind when issuing loans to limited companies.

5 0
3 years ago
Which of the following might vary in on online purchase depending on where the purchaser lives?
kondaur [170]

Answer:

The sales tax

Explanation:

8 0
3 years ago
Read 2 more answers
A group of 2-year-old infants are selected for a special program because their iq scores are very low. five years later, most of
Gennadij [26K]
The special program that they have conducted to the infants worked. The experiment was a success. And because of this, they could conduct more, special programs and even in a larger amount of infants they can conduct this. This special program is really beneficial to each and every one of them.
3 0
3 years ago
Who talking to make some extra Hit my if you want to make some money 678/223/3921
Julli [10]
No
Oh
And
I’m just doing this so I can
8 0
3 years ago
Read 2 more answers
A recent news story reported that the Organization of Petroleum Exporting Countries is expected to decrease the supply of oil ne
erastovalidia [21]

Answer:

Option "C" is the answer.

Explanation:

Option "C" is the answer.

The decrease in the supply of oil will shift the supply curve leftwards. Similarly, the increases in the demand will shift the demand curve rightwards. The leftwards shift in the supply and rightward shift in the demand curve will result in an increase in price but the change in quantity can not be predicted because the magnitude of change will depend on the shift in the curves.

8 0
3 years ago
Other questions:
  • Home Accessories’ bank statement showed a $120 NSF check. Which of the following shows how recognizing this check will affect Ho
    13·1 answer
  • Fred and Lucy are married, ages 33 and 32, and together have AGI of $120,000 in 2019. They have four dependents and file a joint
    10·1 answer
  • Lucille’s dependent husband passed away in January of 2019. She does not remarry and still maintains a residence for herself and
    10·1 answer
  • How do job agencies help you find a job and how does it work?
    10·1 answer
  • What entry would make to adjust the manufacturing overhead account for overallocated or underallocated​ overhead?
    14·1 answer
  • Which method are managers using when they use their judgment to classify costs as​ variable
    11·1 answer
  • When cash is received from a sale, the total amount of both assets and owner's equity is increased.
    11·1 answer
  • IMG World’s products and services are geared toward colleges and students, the students of which may be considered young achieve
    15·1 answer
  • You have a good friend from india who has done very well as after college. his work in telecommunications has landed him a job t
    7·1 answer
  • Products that would be used in calculating gdp include:.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!