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FromTheMoon [43]
3 years ago
7

Sheridan Company has the following information available for September 2020. Unit selling price of video game consoles $400 Unit

variable costs $320 Total fixed costs $25,600 Units sold 600 Compute the unit contribution margin.
Business
1 answer:
Nesterboy [21]3 years ago
3 0

Answer:

Contribution margin per unit= $80

Explanation:

Giving the following information:

Unitary selling price of video game consoles $400

Unit variable costs $320

<u>To calculate the unitary contribution margin, we need to use the following formula:</u>

Contribution margin= selling price - unitary variable cost

Contribution margin= 400 - 320

Contribution margin= $80

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horrorfan [7]

Answer:

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7 0
3 years ago
Read 2 more answers
Enter Mia’s total profit/loss for the month may account in the box below
mash [69]
To find the total profit or loss for the month:

Add total fixed and total variable expenses to get total expense.



9,000 + 300 = 9,300

Total expense = 9,300

To get total profit/loss, less total expenses from total revenue.

Total revenue = 9,500

9,500 - 9,300 = 200

Total profit/loss = $200
8 0
3 years ago
Hurly Co. has fixed costs totaling $165,000. Its unit contribution margin is $1.50, and the selling price is $5.50 per unit. Com
klasskru [66]

Answer:

Break-even point= 110,000 units

Explanation:

Giving the following information:

Hurly Co. has fixed costs totaling $165,000. Its unit contribution margin is $1.50.

The break-even point in units is the number of units required to cover for the fixed and variable costs.

To calculate the break-even point in units, we need to use the following formula:

Break-even point= fixed costs/ contribution margin

Break-even point= 165,000/1.5= 110,000 units

8 0
3 years ago
Read 2 more answers
Froot Loop Inc., a cereal manufacturer, has variable costs of $0.40 per unit of product. In May, the volume of production was 25
mr Goodwill [35]

Answer:

the fixed cost per month is $20,600

Explanation:

The computation of the fixed cost is given below:

Fixed costs = Total Production Costs - Variable costs

= $30600 - $0.40 per unit × 25000 units

= $30600 - $10,000

= $20,600

hence, the fixed cost per month is $20,600

We simply deduct the variable cost from the total production cost so that the fixed cost could come

8 0
3 years ago
Fauver Industries plans to have a capital budget of $650,000. It wants to maintain a target capital structure of 40% debt and 60
Anon25 [30]

Answer:

$ 615,000

Explanation:

Data provided :

Capital budget = $ 650,000

Debt ratio = 40%

Equity ratio = 60%

thus,

The capital funded by the equity = 60% of the capital = 0.6 × $ 650,000

= $ 390,000

Dividend to be paid = $ 225,000

Therefore,

the net income must be earned = $ 390,000 + $ 225,000

or

The net income must be earned = $ 615,000

8 0
3 years ago
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