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notsponge [240]
3 years ago
13

Chance, Inc. sold 3,300 units of its product at a price of $87 per unit. Total variable cost per unit is $63, consisting of $41

in variable production cost and $22 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.
a) $135,300
b) $207,900
c) $151,800
d) $287,100
e) $128,700
Business
1 answer:
MAXImum [283]3 years ago
7 0

Answer:

Total manufacturing margin= $151,800

Explanation:

Giving the following information:

Units sold=  3,300

Unitary variable manufacturing cost= $41

Selling price per unit= $87

<u>Because we need to calculate the manufacturing margin, we will not take into account the administrative costs:</u>

Total manufacturing margin= 3,300*(87 - 41)

Total manufacturing margin= $151,800

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Answer:

The correct answer is option D.

Explanation:

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When the subsidy is provided to only a single firm, that firms marginal cost will decline. The firm can take advantage of decreased marginal cost by increasing the output level. The firm will produce the output where the price and marginal revenue is equal to marginal cost plus subsidy. At this point, the firm will be having maximum profit.

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P=MC+S

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A is the correct answer
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Bridge Building Company estimates that it will incur $1,200,000 in overhead costs for the year. Additionally, the company estima
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Answer:

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Giving the following information:

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<u></u>

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svlad2 [7]

Answer:

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