The department’ contribution to overhead is $35510.
<h3>How to calculate the department contribution to overhead?</h3>
Given, sales= $119,000;
cost of goods sold= $74,870;
total direct expenses= $8,620.
Gross profit = Sales - (COGS + Direct expenses)
Gross profit = $119,000 - ($74870 + $8620)
Gross profit = $35,510.
<h3>What are direct expenses?</h3>
Direct costs, commonly referred to as costs of goods sold (COGS), are expenses that are entirely attributable to the creation of a particular commodity or service. These expenses cover the direct costs of the materials required to make the product as well as maybe any labor charges that are utilized only to make the product.
To know more about gross profit, visit:
brainly.com/question/18567528
#SPJ4
Answer:
Contribution margin per unit = 120 per unit
Explanation:
Given:
Sales price of a unit = 170
Variable cost per unit = 50
Find:
Contribution margin per unit
Computation:
Contribution margin per unit = Sales price of a unit - Variable cost per unit
Contribution margin per unit = 170 - 50
Contribution margin per unit = 120 per unit
Contribution margin ratio = [Contribution margin per unit / Sales price of a unit]100
Contribution margin ratio = [120 / 170]100
Contribution margin ratio = [0.7058]100
Contribution margin ratio = 70.58% (Approx.)
Answer:
(d) $26,000
Explanation:
The computation of the direct material cost is shown below:
= Fabric used to upholster furniture + Lumber used to build product + Freight in (raw materials)
= $8,000 + $15,000 + $3,000
= $26,000
The other cost which is mentioned in the question is related to direct labor, overhead cost, etc. Thus all other costs should be ignored.
Answer:
Price level may increase or decrease and output decreases.
Explanation:
The price level is determinated bu the money supply and demand. A single price, in this case oil, cannot determinate prices or we end up in a loop.
So this is insufficient information to determinate the price level.
While the income decrease at a worldwide level will make the output of the economy even lower.
The current stock price is $42.40 according to the information on the question above. This problem can be solved using the current stock price formula which stated as P=D1/(r-g) where P is the current stock price, D1 is the future dividend per share, r is the investor's rate of return, and g is the dividend's growth rate. Calculation: 42.4 = (1.6*(1+6%)) / (10%-6%)
