User Account

All Pages

Calculate the total contribution margin

Assignment Help Accounting Basics
Reference no: EM132967016

Question - Parent Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture? follow:

Sales Price: Tables 1,100, Chairs 50

Variable manufacturing costs: Tables 825, Chairs 10

Sales Commission (10%): Tables 110, Chairs 5

Requirements -

1. Calculate the total contribution margin and the contribution margin ratio for each sales representative? (round to two decimal? places).

Before calculating the total contribution? margin, begin by identifying and calculating the total number of tables and chairs sold by each sales representative for the period.

2. Which sales representative has the highest contribution margin? ratio? Explain why.

Reference no: EM132967016

Questions Cloud

Prepare the schedule of cash payments for purchases : Prepare the schedule of cash payments for purchases for January and February?, including the calculation for the Accounts Payable balance on February 28
Calculate the payback for investments a and b : If the inflow in the fifth year for Investment A was $20,000,000 instead of $20,000, would your answer change under the payback method?
Compute the total amount budgeted for product costs for July : Selling and administrative expenses for this product line are $1,700 per month. Compute the total amount budgeted for product costs for July
Identify the presence of treasury stock : Identify the presence of treasury stock and its impact on overall stockholders' equity. If the company does not have treasury stock
Calculate the total contribution margin : Calculate the total contribution margin and the contribution margin ratio for each sales representative
Write a program to calculate the solution of this Equation : Write a program to calculate the solution of this Equation and Write and run a program in C++ to get two numbers from the keyboard during program execution.
Calculate the total present value : Calculate the total present value of the following annual CFs: $84 obtained one year from today, $13 obtained two years from today
what will be the effect on the profits of the Pulp Division : What will be the effect on the profits of the Pulp Division, the Carton Division, and the company as a whole
How mr onit might rearrange his plan to avoid any problems : Indicate briefly your recommendations as to how Mr. Onit might rearrange his plan to avoid any problems arising from the plan presented.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The following information relates to the

the following information relates to the manufacturingoperations of oshaunessy mfg co. during the month of march.

  Calculate the price, earnings ratio, price and cash flow

Calculate the 2013 inventory turnover, days sales outstanding (DSO), fixed assets turnover, and total assets turnover.

  Comparing one fast server to several slow servers

In Example 13.4 of section 13.5, we examined whether an M/M/1 system with a single fast server is better or worse than an MMs system with several slow servers.

  Which the excess may be attributable to

If there is an excess of cost over carrying amount of the net assets of the investee, the excess may be attributable to? Non-depreciable assets

  Prepare the necessary entry under cost-of-goods-sold method

Kumar Inc. uses a perpetual inventory system. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method.

  What journal entry would gold star make

What journal entry would Gold Star make at January 2, 2011 assuming this is direct-financing lease

  The normal selling price is 1775 per unit the companys

glade company produces a single product. the costs of producing and selling a single unit of this product at the

  What does the rate mean

The firm applies OH on the basis of machine hours. The rate for the year 2020 was $5.89 per machine hour. What does the rate mean

  What are some potential pitfalls of standard costing

What are some potential pitfalls of standard costing? What are some significant benefits of standard costing? Do you agree or disagree

  Uses the straight-line method to allocate total compensation

Determine the compensation expense related to the options to be recorded each year 2013-2016, assuming Pastner uses the straight-line method to allocate the total compensation cost.

  Compute ending inventory by conventional retail inventory

The records of Pina's Boutique report the following data for the month of April. Compute the ending inventory by the conventional retail inventory method

  Discuss the accounting treatment for this transfer

Melody signed a lease to rent out the property for rental purposes. Discuss the accounting treatment for this transfer and suggest journal entries

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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