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pshichka [43]
3 years ago
6

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N O Unit sal

es price $ 16 $ 11 $ 13 Unit variable costs 10 9 10 Total fixed costs are $533,000. The contribution margin per composite unit for the current sales mix (round to the nearest cent) is:
Business
1 answer:
Xelga [282]3 years ago
5 0

Answer:

Madison Corporation

The contribution margin per composite unit for the current sales mix is:

= $26.

Explanation:

a) Data and Calculations:

Products                    M            N            O

Current sales mix      3             1             2

Unit sales price      $16         $11          $13

Unit variable costs   10            9            10

Unit contribution    $6          $2           $3

Contribution margin per

composite unit    $18          $2           $6

=                      ($6 * 3)   ($2 * 1)    ($3 * 2)

b) The contribution margin per composite unit is computed as the addition of the contribution margin per composite unit for each product.  Each product's contribution margin per composite unit is calculated as the contribution per unit multiplied by the sales mix for each product.

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In order to search the internet you need to use software referred to as a__?
Scorpion4ik [409]

Answer:

search engine

Explanation:

A search engine is software designed to search web pages on the internet. Search engines work to provide answers to information sought from the internet. They locate, organize, and present the information sought on a database called index.  

Yahoo and Bing are other examples of a search engine. It is the most known and most used.

7 0
3 years ago
On January 1, Hillcrest Co. acquired a 40% interest in Preston, Inc. with the excess of purchase price over book value solely at
olasank [31]

Answer:

C. $190,000

Explanation:

As per the given question the solution of Income reported on Income statement is provided below:-

here, we ill find first share in equity income and depreciation expenses on undervalue equipment to reach the i ncome reported on Income statement

Share in equity income = Net income × Interest

= $500,000 × 40%

= $200,000

Depreciation expenses on undervalue equipment = undervaluation ÷ Number of years × Interest

= $250,000 ÷ 10 × 40%

= $10,000

Income reported on Income statement = Share in equity income -Depreciation expenses on undervalue equipment

= $200,000 - $10,000

= $190,000

4 0
3 years ago
Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. E
ch4aika [34]

Answer:

$4,92

Explanation:

Step 1 Calculate the Total Cost of conversion costs incurred during the process.

<u>Total Cost of conversion costs</u>

Cost of conversion in Beginning inventory  $8,800

Add Cost of conversion for April                  $43,612

Total                                                                $52,412

Step 2 Calculate cost per equivalent unit for conversion costs

cost per equivalent unit = Total Cost of conversion / Total equivalent unit for conversion

                                        = $52,412 / 10,650

                                        = $4,92

Therefore, the cost per equivalent unit for conversion costs using the weighted average method would be $4,92.

5 0
4 years ago
A project requires an initial investment of $10 million today. If the cost of capital exceeds the project IRR, then the project
xz_007 [3.2K]

Answer:

Negative NPV.

Explanation:

present value of cost exceeds present value of revenue that is been assumed in the investment plan of the said company/firm.

Net Present Value describes one of the discounted techniques of cash flow used in capital budget to determining the viability of a project or an investment. It is seen to have a huge difference between the present flow of the firms; which is cash inflows and the present value of cash outflows over a period of time. Experts has tagged its primary advantage to be that it is seen to considers the concept of the time value of money.

3 0
3 years ago
What broadway play holds the record for highest single-week sales?
Ghella [55]
To kill a mocking bird
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