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Questions -
Q1. Calculate the variable cost per unit when a unit is sold for $100 each and the contribution margin per unit is $40.
Q2. Calculate the contribution margin ratio when a unit sells for $50 each and it costs $35 to make one.
Q3. Patrick Company sells Kevlar cooking mitts for $75 per pair. He had the following business results last year. Assuming costs are stable, how many pairs does he have to sell next year to break even?
-Sales $750,000
-Variable 250,000
-Contribution Margin 500,000
-Fixed Costs 850,000
-Net income (350,000)
Q4. Kayla Company sells high functioning blenders $450 each. She sold 8,000 blenders last year and had total variable costs of $1,500,000. Fixed costs were $3,000,000. Assuming costs are stable, how many blenders does she have to sell next year to break even?
Q5. Calculate the variable cost per unit when the unit is sold for $150 each and the contribution margin ratio is 35%.
Give an example of a well-known company that might benefit from using a flexible budget, Explain why you have chosen the companies that you did.
How to Calculate contribution margin per unit for the coming year. (Round contribution margin per unit to 2 decimal places, e.g. 0.38.)
Your company bought a 30-second advertisement that aired during the Super Bowl at a cost of $1.2 million. It is legally obligated to pay for the ad but has not yet done so. How does the purchase and use of the ad time affect your company's balanc..
What are non operating financial incomes and non operating financial expenses?
1. management accountants usually plan for a small positive cash balance in their cash budgets for all of the
What must happen to the current manufacturing cost if Grillie Grill is to achieve its 20% gross margin based on SALES? By how much?
Marj Plimpton is the owner of a hairdressing salon in New York City. Compute the breakeven point in units based on the weighted-average contribution margin for the sales mix.
Ziegler Corporation issues $400,000 of 9%, 5-year bonds on January 1, 2012, at 104. If Ziegler uses the effective-interest method in amortizing the premium, will the annual interest expense increase or decrease over the life of the bonds? Explain..
When are petty cash expenses recognized (at the time of establishment, reimbursement, or replenishment)?
Compute equivalent units of production for materials. ASSUME your answers to (14) above was 250,000 units for materials: Compute the unit cost for materials
Calculate the cost per equivalent unit for each of the three cost items and in total. Calculate the cost of items completed in August.
axis corporations inventory transactions for the present monthjune 1 balance 300 units 65 each june 16 sale 400 units
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