Determine the total variable cost and variable cost per unit

Assignment Help Financial Accounting
Reference no: EM13536203

1. Determining fixed and variable cost per unit

Vidal Corporation produced and sold 24,000 units of product during October. It earned a contribution margin of $96,000 on sales of $336,000 and determined that cost per unit of product was $12.50.

Required

Based on this information, determine the variable and fixed cost per unit of product.

2. Determining variable cost from incomplete cost data

Eubank Corporation produced 140,000 watches that it sold for $27 each during 2008. The company determined that fixed manufacturing cost per unit was $6 per watch. The company reported a $420,000 gross margin on its 2008 financial statements.

Required

Determine the total variable cost, the variable cost per unit, and the total contribution margin.

Reference no: EM13536203

Questions Cloud

Explain how many stereoisomers are possible : How many stereoisomers are possible for each of the following structures. Draw them, and name each by the R-S and E-Z conventions.
How changes in the cost driver affect the total amount : Explain how changes in the cost driver affect the total amount of fixed inspection cost and how much of the experts salary should be allocated to tents produced in January and February?
Evaluate the ph of a 0.163 m aqueous solution : The acid-dissociation constants of sulfurous acid (H2SO3) are Ka1= 1.7 x 10^-2 and Ka2 = 6.4 x 10^-8 at 25 degrees celcius. Calculate the pH of a 0.163 M aqueous solution of sulfurous acid.
What was the net force acting on the object : An object of a mass 2.5kg accelerates from 2m/s to 10m/s in 10s. What was the net force acting on the object
Determine the total variable cost and variable cost per unit : Determine the total variable cost, the variable cost per unit, and the total contribution margin and determine fixed and variable cost per unit
Explain acid contributing for sulfuric acid : If the of a 1.00-. rainfall over 1500 miles^2 is 3.60, how many kilograms of sulfuric acid, , are present, assuming that it is the only acid contributing to the? For sulfuric acid, is very large and is 0.012.
Calculate the speed of the car when it reaches given point : A roller coaster car of mass 250 kg has a speed of v0 = 12 m s-1 at point A, located at a height of h = 15 m. Find the speed of the car when it reaches point B. Use energy ideas
Risk assessment section : Risk Assessment Section
Determine the contribution margin per unit : Determine the contribution margin per unit and number of units that Hinshaw must sell to break even.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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