Compute the contribution margin per unit

Assignment Help Accounting Basics
Reference no: EM132663739

Question - Aspen Artifacts sells a single product. 7,000 units were sold resulting in $70,000 of sales revenue, $28,000 of variable costs, and $12,000 of fixed costs.

Compute the contribution margin per unit?

a. $4.00

b. $4.29

c. $6.00

d. None of these answers are correct.

Reference no: EM132663739

Questions Cloud

Which presents an appropriate order for preparing the master : Which presents an appropriate order for preparing the master budget? sales budget, inventory purchases budget, cash budget, cash receipts budget
What is the relevant cost of theolite for the purpose : Intercontinental Chemical Company, located in Buenos Aires, What is the relevant cost of theolite for the purpose of analyzing the special-order decision?
Synopsis of the case study : Clear explanation of key strategic issues such as problems, scope and seriousness in the discussions
Calculate the benefit under each alternative for disposing : Armstrong Corporation manufactures bicycle parts. Calculate the benefit under each alternative for disposing of the obsolete parts.
Compute the contribution margin per unit : Aspen Artifacts sells a single product. 7,000 units were sold resulting in $70,000 of sales revenue, Compute the contribution margin per unit
Compelling reason to migrate information to cloud : What do you believe to be the most compelling reason to migrate information to the cloud? What is your biggest security concern about doing so?
Research on a topic through lens of organizational design : From the list below, select a topic to research through the lens of organizational design. For example, if you choose "human capital" for your research.
Draw a payoff diagram showing the value : Draw a payoff diagram showing the value of the put at expiration as a function of the stock price at expiration. The option will expire in exactly six? months
Determine jlr total traceable costs for the upcoming year : JLR Enterprises provides consulting service, Determine JLR's total traceable costs for the upcoming year and the firm's total anticipated overhead.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine capital assets acquired under lease agreements

Determine Capital Assets Acquired Under Lease Agreements. Upon completion, the building had an appraised value of $10 million and a 40-year useful life.

  Determining the variable overhead efficiency variance

The standard hours allowed for actual output of month totaled 7,070 machine-hours. What was the variable overhead efficiency variance for the month?

  What is the cost of the truck

Wildhorse Co. incurs these expenditures in purchasing a truck: cash price $24,300, What is the cost of the truck

  Identify the key components of stockholders equity

Describe the accounting procedures for issuing stock?How do Journal the issuance of Stock; show the Journal Entry

  For the ages inc produces solid-oak umbrella stands each

for the ages inc. produces solid-oak umbrella stands. each stand is handmade and hand finished using the finest

  Prepare journal entries to record the payment of interest

Prepare the journal entries to record the following transactions - the payment of interest and the amortization of the premium on December 31,2010

  Compute equivalent units for direct materials

Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.

  Under what circumstances would it be appropriate to use

a under what circumstances would it be appropriate to use each of the activity cost drivers msda to determine the cost

  Net cash used for investing activities

Burger Palace Corporation reports a net cash used for investing activities of $3.4 million and a net cash provided by financing activities of $1.6 million. If cash increased by $1.1 million during the year, what was the net cash flow provided from..

  BUACC 5930 Accounting Concepts and Practices Assignment

BUACC 5930 Accounting Concepts and Practices Assignment Help and Solution, Federation University - Assessment Writing Service

  Distributed in total for dividends

On 12/31/11, the preferred stockholders received a $120,000 dividend on their stock, which is cumulative and fully participating. How much money was distributed in total for dividends during 2011?

  Calculate depreciation expense for first year ended December

Using straight line depreciation, calculate depreciation expense for the first year ended December 31, 2019

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