Reference no: EM133070369
Questions -
Q1) First Buy Company provided the following manufacturing costs for the month of June.
Direct labor cost 136,000
Direct materials cost 80,000
Equipment depreciation (straight-line) 24,000
Factory insurance 19,000
Factory manager's salary 12,800
Janitor's salary 5,000
Packaging costs 18,800
Property taxes 16,000
From the above information, calculate First Buy's total fixed costs.
Q2) Young Company has provided the following information:
Price per unit 40
Variable cost per unit 12
Fixed costs per month 10,000
Calculate the contribution margin per unit.
Q3) Young Company has provided the following information:
Price per unit 40$
Variable cost per unit 12
Fixed costs per month $10,000
What is the contribution margin ratio?
Q4) Pluto Company sold 2,000 units in October at a price of $35 per unit. The variable cost is $20 per unit. Calculate the total contribution margin.