Calculate the century division contribution margin

Assignment Help Accounting Basics
Reference no: EM13135405

Gluten Corporation has the following information pertaining to its Century Division for this year:

Century
Fixed manufacturing expenses $65,000
Fixed selling and administrative expenses 56,000
Sales 375,000
Direct manufacturing costs (variable) 88,000
Variable selling and administrative expenses 32,000
Corporate expenses allocated to the Century Division $89,000

Calculate the Century Division's contribution margin.

Reference no: EM13135405

Questions Cloud

Domicile in england : He obtained a working visa that permits him to work in Australia for three years. He is a specialist in information technology and is employed by Systems Ltd, a resident UK company that has secured a contract in Australia.
Decision making and problem solving in your own company : You own a company. You have determined that you need to improve quality, job satisfaction, increase worker participation in decision making and problem solving. How do you accomplish this?
Drawing retirement plan : In 2009, assume that you start with a salary of $100,000, will receive a 3% raise each year, and the interest rate expected will be 6%. You plan to retire in 40 years and draw retirement pay for 20 years.
Marketing mobilty products in developing countries : As the VP of International Sales, you are responsible not only for sales but also for sales strategy. Prepare a preliminary report to the CEO identifying which three countries you think would most likely be interested in The Company's mobility pro..
Calculate the century division contribution margin : Gluten Corporation has the following information pertaining to its Century Division for this year.
Partnership and legal responsibility : Sarah - cash of $2,000, accounts receivable with a FMV and tax basis of $1,000, and equipment with a FMV of $40,000 and adjusted basis of $3,500. Sarah also contributed a $23,000 note payable, and the partnership assumed legally responsibility for..
Leadership topics : How should leadership topics be taught by the education industry?
Essay on ethics and global climate change : essay on Ethics and Global Climate Change
Msl bank : You are an employee of MSL Bank, a major Australian financial institution. Currently employed in MSL Bank"s Institutional Banking division you are part of a small team responsible for managing the bank's relationships with major Australian corporatio..

Reviews

Write a Review

Accounting Basics Questions & Answers

  What should be the amount of rent expense incurred

Maris Co. purchased a machine on January 1, 2013, for $1,200,000 for the express purpose of leasing it. The machine is expected to have a five-year life, no salvage value, and be depreciated on a straight-line monthly basis.

  Problem related to traditional costing system

Globe uses a traditional costing system and assigns overhead based on direct labor hours. Each unit of B2 would be assigned overhead of:

  Introduction cost and price level

If merchandise inventory is being valued at cost and the price level is steadily rising, which of the three methods of cost - - FIFO, LIFO or Average Cost - - will yield

  Prepare a sales budget for the third quarter of the year

Keep-it-Hot Inc. manufactures popular thermoses. On June 30, the company had 1,000 thermoses in inventory. Each thermos sells for $8.00. The company's policy is to maintain a thermos inventory equal to 10% of next month's sales.

  Compute interest expenses from given data

Income statement, Little Books Inc. recently reported $3 million of net income. Its EBIT was $6 million, and its tax rate was 40 percent.

  What is omega after-tax wacc

It has also issued long-term bonds at an interest rate of 7 percent. It pays tax at a marginal rate of 35 percent.a. What is Omega's after-tax WACC?

  How should ace record the purchase

Ace Bonding Company purchased merchandise inventory on account. The inventory costs $2,000 and is expected to sell for $3,000. How should Ace record the purchase?

  How a long-term asset is depreciated

How a long-term asset is depreciated can have a rather sharp result, especially for capital-intensive companies. As a result, should property be assigned a life and basis based on its economic value or on its physical life expectancy?

  Appropriate use of a single plant wide rate

Which of the following should not be used as the allocation base in a company that appropriately uses a single plant wide rate?

  What is a pro forma figure indicating

What is the asset represented by share of capital stock that have not yet been issued?

  Present value of stock-jack hammer

Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and $2.40 at the end of the third year.

  Why are bank reconcilations so important

On February 5, 2010, Tropical Connection Company, a garden retailer, purchased $25,000 of seed, terms 2/10, n/30, from Midwest Seed Co. Even though the discount period had expired, Lydia DeLay subtracted the discount of $500 when she processed the..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd