User Account

All Pages

Compute the contribution margin ratio for each product

Assignment Help Accounting Basics
Reference no: EM132743799

Problem - Hunt, Inc. provided the following information concerning two products:

 

Camo

Bronze

Sales Price per unit

$42

$18

Variable Cost per unit

$34

$9

Units Sold

1,000

2,000

Fixed Costs

$15,000

$10,000

Required -

a. Compute the contribution margin per unit of limited resource for each product.

b. Compute the contribution margin ratio for each product?

c. How many units need to be sold to break-even for each product?

d. How many units need to be sold for each product to achieve a target income of $60,000?

Reference no: EM132743799

Questions Cloud

Prepare the journal entries that Pronghorn should record : The asset has an estimated useful life of 5 years and no residual value. Prepare the journal entries that Pronghorn should record on January 1, 2020
Find and determine the break-even point in sales units : How do Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $46 per unit.
How long does it take our eyes to fully adapt to darkness : How did evolution ever lead ostriches to hide their head in the sand when an enemy approaches?
What amount should be recognized as provision on december : Iriga Company issued the 2020 financial statements on March, What amount should be recognized as provision on December 31, 2020?
Compute the contribution margin ratio for each product : Compute the contribution margin ratio for each product? How many units need to be sold for each product to achieve a target income of $60,000
Should your audit firm can accept for the audit engagement : Corona Ltd approached your audit firm Vaccine & Co to audit its financial statements for the year ended 31 December 2019. Corona Ltd informed Vaccine.
Differences between mitosis and meiosis : Differences are listed in the outer regions of the corresponding circles, similarities are listed in the overlapping region.
Differentiate between point mutation and a gene mutation : Differentiate between a point mutation and a gene mutation. Also answer the following question:
What amount should be reported as bond interest expense : Interest is payable January 1 and July 1. For the six months ended June 30, 2020, what amount should be reported as bond interest expense?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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