How much is contribution margin per unit

Assignment Help Accounting Basics
Reference no: EM131811970

Question - In September, Smith Company had the following financial statement amounts related to producing 1,000 units:

Direct materials $30,000

Depreciation expense 12,000

Sales revenue 88,000

Direct labor 10,000

Rent expense 13,000

How much is contribution margin per unit?

A) $48

B) $58

C) $35

D) $13

Reference no: EM131811970

Questions Cloud

What amount of gain should anderson recognize : The property transfers were made subject to the outstanding mortgages. What amount of gain should Anderson recognize in his tax return for 2009
Legal issues to the board of accountancy : Sections 5063 through 5063.2 of the California accountancy act require that cpa's report certain legal issues to the board of accountancy.
Find flexible-price in terms of rigid-price : Consider an economy consisting of some firms with flexible prices and some with rigid prices. Let pf denote the price set by a representative flexible-price.
Amount debited to work in process for direct materials : If the balance of Work in Process at August 31 is $205,600, what was the amount debited to Work in Process for direct materials in August?
How much is contribution margin per unit : In September, Smith Company had the following financial statement amounts related to producing 1,000 units: How much is contribution margin per unit
How will you conclude in a meaningful way : How will you conclude in a meaningful way? What type of tone (serious, comical, sarcastic, inquisitive) best relates your message to reach your audience?
Prepare adjusting journal entries at year-end : Prepare adjusting journal entries at year-end, December 31, 2017, based on the following information. No adjusting or closing journal entries
What was the net income of the financial brokers partnership : hue withdrew $240,000 as withdrawals and contributed equipment valued at $50,000 to the partnership. What was the net income of Financial Brokers Partnership
Determine the stage of the product life cycle : Design your plan to account for the stage of the lifecycle.Write a strong rationale for your design.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Equity method of accounting for investments

Prepare any necessary journal entries for MBH at December 31, 2006, under the equity method of accounting for investments.

  What is the fasb codification system

What is the FASB Codification System? What is the purpose of the FASB Codification System?

  Elements of financial statements

SFAC No. 6, "Elements of Financial Statements," states that "an entity's assets, liabilities, and equity (net assets) all pertain to the same set of probable future economic benefits." Explain this statement.

  Determining whether materials are direct or indirect

What are the criteria for determining whether materials are direct or indirect?

  Determine what kuhn company wacc

Flotation costs will represent 3% of the funds raised by issuing new common stock. The company is projected to grow at a constant rate of 8.7%, and they face a tax rate of 40%. Determine what Kuhn Company's WACC will be for this project.

  Complete the following table for each account of grocery

Complete the following table for each account by indicating (a) whether it is reported on the Balance Sheet (B/ S) the Balance Sheet (B/S) or Income Statement (I/ S); (b) the dollar amount by which the account increases (+), decreases ( ), or does no..

  Prepare a statement of cash flows for dingel

Use the indirect method to analyze the above information and prepare a statement of cash flows for Dingel.

  What is madison taxes

Madison's gross tax liability is $9,000. Madison had $3,000 of tax credits available and she had $8,000 of taxes withheld by her employer. What is Madison's taxes due (or taxes refunded) with her tax return?

  Reflect fair market value

Many non-accounting types argue that the cost concept is of little value because it does not reflect fair market value. What do you think?

  Prepare the adjusting entries based on the reconciliation

A debit for the printing of additional company checks, $75.00. Prepare the bank reconciliation at February 28, 2010

  Effect on retained earnings

Indicate whether the increase, decrease, or have no effect on retained earnings - Declared cash dividend.

  During all of 2011 mr and mrs clay lived with their four

during all of 2011 mr. and mrs. clay lived with their four children all are under the age of 17. they provided over

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