Evaluate the contribution margin for february

Assignment Help Cost Accounting
Reference no: EM139594

Q:

The management of Gilmartin Corporation, a manufacturing company, has provided the following data for February:

Sales

$550,000

variable production expense

$104,000

Fixed production expense

$122,000

Variable selling expense

$24,000

Fixed selling expense

$102,000

Variable administrative expense

$56,000

Fixed administrative expense

$116,000

 The contribution margin for February was:

1. $366,000

2. $210,000

3. $26,000

4. $324,000

Reference no: EM139594

Questions Cloud

Multiple regression analysis : When more than one factor causes variations in the variable element of a mixed cost, multiple regression analysis. the high-low method is generally more accurate than the least-squares regression method in analyzing cost behavior.
Unfavorable labor rate variance : An unfavorable labor rate variance can occur if workers with high hourly wage rates are assigned to work on products whose standards assume workers with low hourly wage rates.Throughput time is the amount of time required to process raw materials i..
The estimates of the variable and fixed components : What is the most likely effect on the labor variances in the first month of this strike. the estimates of the variable and fixed components of repair cost would be
Adjust the financial statements on posting balance sheet : adjust the financial statements  on posting Balance Sheet and Material loss on a year-end receivable because of a customer's bankruptcy
Evaluate the contribution margin for february : Management of Gilmartin Corporation, a manufacturing company. Evaluate the contribution margin for February.
Define the different way of transfer of suppliers of capital : Define the different way of transfer of suppliers of capital, describe the different methods of transfer of suppliers of capital to demanding capital
Evaluate the contribution margin for february : Monsivais Corporation, a manufacturing company, has provided the following financial data for Februar. The company had no beginning or ending inventories. Evaluate the contribution margin for February
Make a decision : Maureen brought a court action against the supervisor and Cameo. Cameo defended on the ground that it had done all in its power to rectify the situation.  Make a decision.
Write your view : The members the Jarvis family lost interest in farming and sold off all their animals. Seven years later, a family member desired to raise a few pigs on the property. Angry neighbors asserted that the family has lost the right to do so. What is your ..

Reviews

Write a Review

Cost Accounting Questions & Answers

  What are the estate tax consequences of these transactions

What are the estate tax consequences of these transactions

  Evaluate the price of the bonds at january

Determine the journal entry to record their issuance by The Bradford Company on January 1, 2013.

  Case studies using excel spreadsheet

Case studies using excel spreadsheet

  Purpose the cash flows from the operating activities

Purpose the cash flows from the operating activities

  What is acmes selection of costing system

Evaluate cost of the ending work in process of the department

  Evaluate the npv of the given case study

Evaluate the NPV of the given case study

  How many slots should wzmu sell in advance

How many slots should WZMU sell in advance? and now assume that if a slot is not sold in advance and is not sold at the last minute, it will be used for a promotional message worth $2500. Now how many slots would WZMU sell in advance?

  Costing systems and traditional overhead allocation systems

Show the main differences between ABC costing systems and traditional overhead allocation systems. Based on your knowledge and experience, which technique you prefer and why?

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  What is stewarts year-end basis

What is Stewarts year-end basis in his partnership interest

  Evaluate return on investment

If the investment manager is recently making a return on investment of 16 %, which project(s) would the manager want to pursue? If the cost of capital is 10 % and the annual earnings estimated cash flows excluding finance charges, which projects ..

  Prepare a compelling argument to convince companys partner

Prepare a compelling argument to convince a company's partners

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