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.
Answer:
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Explanation:
Answer:
$960,000
Explanation:
The balance in equity investment made by Cleaverland in Omaha as at December 31, 2020 shall be determined using the following method:
Purchased price of Cleaverland as at January 1, 2019 $650,000
Net income for the year 2019 $150,000
Net income for the year 2020 $190,000
Less: Dividend paid by Omaha to Cleaverland ($30,000)
Balance as at December 31, 2020 $960,000
Answer/Explanation:
Am economy encompasses all activities that relates to the allocation of scarce resources for optimal production, processing, and distribution and trade of goods and services for the benefits and consumption of the populace dwelling in a geographical area. It entails all inter-related activities that pertains to the efficient use of scarce resources to ensure human needs are met for their survival.
