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pshichka [43]
2 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]2 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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Answer:

b. supply, raising the equilibrium price and lowering the equilibrium quantity in the market for artificially sweetened beverages.

Explanation:

In the case when the government impose the tax of 20% on sweetened beverages so here the price should be increased but at the same time the quantity is decreased as the supply curve shifted to the leftward where the demand curve is not impacted at all due to this things the price increased and the demand is decreased

Therefore the option b is correct

4 0
2 years ago
The head of ABC Company announces that the company is going to start a weekend project teaching self-defense techniques to under
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Answer:

B. behavioral

Explanation:

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The cognitive component is referred to as the knowledge and information of the people about the task or object.

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8 0
2 years ago
A perfectly competitive market has a. only one seller. b. at least a few sellers. c. many buyers and sellers. d. firms that set
Natali [406]

Answer:

c. many buyers and sellers.

Explanation:

A perfect market for competition is a market that has a high level of competition.

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5 0
3 years ago
You recently graduated from Empire State University with a degree in Marketing. You loved your time at Empire State, and have ma
11111nata11111 [884]

Answer and Explanation:

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Geographic:

This variable would consider where consumers are located geographically. Therefore are customers able to access the coffee shop easily I'm terms of proximity. How convenient is it to move to to the coffee shop from the customers location?

Psychographic:

what is customers attitudebor lifestyle ? Are customers thorough about the kind of coffee they want. Will customers accept to pay higher for higher quality coffee.

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5 0
3 years ago
Sands Company purchased mining rights for $500,000.
Ivanshal [37]

Answer:

b) a debit to Depletion Expense for $175,000

Explanation:

The computation of the depletion expense is shown below:

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= ($500,000 × 350,000 tons) ÷ (1,000,000 tons)

= $175,000

So the journal entry would be

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           To Accumulated Depletion A/c $175,000

(Being the depletion expense is recorded)

5 0
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