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2 years ago

Please answer it is due in a hour please help I will sure mark you as brainliest

Business

2 answers:

BlackZzzverrR [31]2 years ago

6 0

Answer:

1) Fixed costs are costs that do not change when sales or production volumes increase or decrease.

2) A variable cost is a corporate expense that changes in proportion to how much a company produces or sells.

3) The breakeven point is the level of production at which the costs of production equal the revenues for a product.

Readme [11.4K]2 years ago

4 0

Answer:

1.costs that do not change when sales or production volumes increase or decrease

2.Variable costs are costs that change as the quantity of the good or service that a business produces changes.

3.the level of production at which the costs of production equal the revenues for a product

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A company has a unit contribution margin of $80 and a contribution margin ratio of 50%. what is the unit selling price?

lora16 [44]

If a company has a unit contribution margin of $80 and a contribution margin ratio of 50%. Then its unit selling price is $160 therefore option (d) is the correct answer.

Contribution margin, or dollar contribution in keeping with the unit, is the selling fee in step with the unit minus the variable price in line with the unit. "Contribution" represents the portion of sales that isn't eaten up by variable prices and so contributes to the coverage of fixed fees. The contribution margin is computed because of the promoting charge per unit, minus the variable value according to the unit. Additionally known as greenback contribution per unit, the measure indicates how a specific product contributes to the general income of the business enterprise.

To calculate the unit selling price use the formula

Unit selling price = contribution margin / contribution margin ratio

Unit selling price = $80 / 50%

Unit selling price = $160

Therefore option d) $160 is the correct answer

The contribution margin ratio of a business is the same as its revenue much less all variable fees, divided by means of its sales. It represents the marginal gain of producing one more unit.

Learn more about the Contribution margin here brainly.com/question/24881206

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3 0

1 year ago

Flounder Corp. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cos

iragen [17]

Answer:

Flounder Corp.

Weighted Average FIFO LIFO

Ending Inventory $1,414 $1,580 $1,280

Cost of goods sold $2,796 $2,630 $2,930

Explanation:

a) Data and Calculations:

Date Explanation Units Unit Cost Total Cost

June 1 Inventory 100 $5 $ 500

June 12 Purchases 385 6 2,310

June 23 Purchases 200 7 1,400

Total units 685 $ 4,210

June 30 Inventory 230

June 30 Units Sold 455 (685 - 230)

Weighted Average Cost = Total costs/Total units bought

= $4,210/685 = $6.146

Weighted Average:

Ending Inventory = $1,414 ($6.146 * 230)

Cost of goods sold = $2,796 ($6.146 * 455)

FIFO:

Ending Inventory = (30 * $6) + (200 * $7) = $1,580

Cost of goods sold = (100 * $5) + (355 * $6) = $2,630

LIFO:

Ending Inventory = (100 * $5) + (130 * $6) = $1,280

Cost of goods sold = (200 * $7) + (255 * $6) = $2,930

The weighted average method is based on an average cost for estimating the cost of ending inventory and cost of goods sold. The FIFO method assumes that goods bought initially are the first to be sold while the LIFO method assumes that goods bought last are the first to be sold.

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3 years ago

Which of the following statements is TRUE with regard to gross margin?

Naddik [55]

ANSWER: (A)

EXPLANATION: Gross margin is the difference between revenue and cost of goods sold divided by revenue. Gross margin is expressed as a percentage. Generally, it is calculated as the selling price of an item, less the cost of goods sold. Gross Margin is often used interchangeably with Gross Profit, but the terms are different.

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3 years ago

The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound for butter they su

DedPeter [7]

Answer:

1. Equilibrium price ,p = $1.20 per pound, equilibrium quantity = 95 million pounds.

2. Surplus = 0

Explanation:

1. From the question,

the equilibrium price = 1.20

The equilibrium quantity = 95 million per pounds.

Equilibrium is gotten when Quantity supplied = quantity demanded.

2. When price floor == $1.00

Quantity demanded = 101

Quantity supplied = 79

Monthly surplus = 79 - 101 = -22

Quantity demanded > quantity surplus.

This implies that there is no surplus.

Surplus = 0

3. If a decrease in cost of feeding cows shift supply by 40 million we will have new supply schedule =

New qs = Qs + 40

63+40 = 103

71+40= 111

79+40 = 119

87+40= 127

95 + 40 = 135

103 + 40 = 143

111+40 = 151

119 + 40 = 159

127 + 40 = 167

135 + 40 = 175

143 + 40 = 183

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3 years ago

In uncertain economic times, what serves as a way of preserving economic value that can be spent or consumed in the future?

Debora [2.8K]

<span>Owning gold is a way of maintaining economic value that can be disburse or consumed in the future. Gold is a chemical element with a symbol “Au’.It is bright, reddish yellow and flexible metal. Gold is one of nature minerals in the planet. </span>

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3 years ago