User Account

All Pages

What is the company contribution margin percentage

Assignment Help Accounting Basics
Reference no: EM132715397

Question: Bikes Manufacturing produces and sells children's bikes at an average price of $120. Its costs are as follows: direct materials. $12; direct labour. $8; variable overhead. $4; sales commission. 5% of price. Its ?xed monthly costs are $47,000.

Required: 1. Using the above cost data, set up a monthly cost equation.

2. What is the company's contribution margin percentage? (Round your answer to 2 decimal places.)

Reference no: EM132715397

Questions Cloud

What is the break-even point in boxes : Mo's Delicious Burgers Inc. sells food to university cafeterias for $39 a box. What is the break-even point in boxes
Weighted average cost of capital-sirom scientific solutions : SIROM Scientific Solutions has $8 million in equity and $5 million in bank debt on its balance sheet. The stock price is $50 and the firm has 200,000 shares
What types of standards protect health data : Explain what types of standards protect health data and information systems from unauthorized access.
Calculate the unit product cost for the month : Calculate the unit product cost for the month under variable costing. Prepare the Income Statement for the month, using the variable costing method
What is the company contribution margin percentage : Bikes Manufacturing produces and sells children's bikes at an average price of $120. Its costs are as follows: direct materials. $12; direct labour.
Strategies for profiting from a falling market : Pick one of the stock market bubbles that burst in the past and explain how did the market bubble form? Did the market bubble you selected persist?
What is the profitability index of the project : What is the profitability index (PI) of the project, if the company's cost of capital is 9.81 percent?
Explain the use of flasher box : Explain the use of a Flasher Box. Why would the investigator be considered with EEPROM?
Write a memorandum to respond to Smith Ben query : Write a memorandum to respond to Smith Ben query regarding how to recognize the research and development costs

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