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3 years ago

An income statement for Sam's Bookstore for the first quarter of the year is presented below:

Business

1 answer:

Paladinen [302]3 years ago

5 0

Answer:

The contribution margin for Sam's Bookstore for the first quarter is $163,000.

Explanation:

The contribution margin is the sales minus total variable cost. This can be calculated as follows:

Units of books sold = Sales / Selling price per book = $900,000 / $60 = 15,000

Variable selling expenses = Units of books sold * Variable selling expenses per book = 15,000 * $5 = $75,000

Variable administrative expenses = Sales * 3% = $900,000 * 3% = $27,000

Total variable cost = Cost of goods sold + Variable selling expenses + Variable administrative expenses = $635,000 + $75,000 + $27,000 = $737,000

Contribution margin = Sales - Total variable cost = $900,000 - $737,000 = $163,000

Therefore, the contribution margin for Sam's Bookstore for the first quarter is $163,000.

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Williams Inc. produces fluorescent lightbulbs for commercial use. The accounting manager is attempting to estimate the total cos

Nostrana [21]

Answer:

Variable cost per unit is $9 and the fixed cost is $29,500

Explanation:

The computation of the variable and fixed components are shown below:

For variable cost per unit, it equals to

= (High cost - low cost) ÷ (High associated cost drivers - low associated cost drivers)

= ($92,500 - $60,100) ÷ (7,000 - 3,400)

= $32,400 ÷ 3,600

= $9 per unit

Now the fixed component equal to

= (High cost) - (variable cost per unit × high associated cost drivers )

= $92,500- ($9 per unit × 7,000)

= $92,500- $63,000

= $29,500

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3 years ago

How can gdp per capita and poverty rates indicate standards of living in each system?

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3 years ago

Widget Corp. has launched a new range of smart bulbs with enhanced features. Before developing the product, Widget Corp. conduct

Ksju [112]

Answer:

d. market orientation

Explanation:

Market orientation -

It refers to the strategy , by which wants and needs of the consumers are considered before designing or manufacturing the goods and services , is referred to as market orientation .

The method is employed to attract more consumers and increase the sale of the goods and services , which increases the profit of the company .

Hence , from the given scenario of the question ,

The correct option is d. market orientation .

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4 years ago

A budget should include a balance sheet and a(n)

Gnom [1K]

Answer: income statement

Explanation:

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3 years ago

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For countries that use inflation targeting, the rate of inflation serves as which of the following? a. The main operating target

Goryan [66]

Answer:The most important policy instrument.

Explanation:Inflation targeting is when the central bank of a country sets specific gradual rate for inflation.It does this in such a way that Inflation rate has a specific limit,this will make consumers think this increment will continue.

As prices rises,people buy more with the intention of selling later at an higher price.

If it is done right,it increases demand,lowers unemployment rate as industries increase their production capacity if demand is high.Inflation targeting usually boost economic growth.

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3 years ago