What is the contribution margin for one pair of baby shoes

Assignment Help Financial Accounting
Reference no: EM132636425

Jeankelly company manufactures custom-designed baby shoes and other baby accessory products. The costs are as follows:

  • variable costs are R10.80 per pair of custom pair of baby shoes, 
  • the selling price is R16 per custom pair of baby shoes and 
  • fixed costs are R 66 560.

Problem 1: What is the contribution margin for one pair of baby shoes?

Reference no: EM132636425

Questions Cloud

What is the margin of safety in units and in sales revenue : The selling price is R16 per custom pair of baby shoes. What is the margin of safety in units and in sales revenue if 13 000 baby pairs of shoes are sold?
Does net income represt a supply of cash : Does net income represt a supply of cash that could be distributed to shareholders in form of dividend. Explain in detail with an specific example.
Explain what normalization means : Explain what normalization means. In your own words, explain two or three of Trugman's examples. In this part (2), please restrict yourself to normalization
What three accounts that at risk of material misstatement : Explain three accounts that could be at risk of material misstatements. You also need to identify the key assertion at risk for each identified account.
What is the contribution margin for one pair of baby shoes : What is the contribution margin for one pair of baby shoes? Jeankelly company manufactures custom-designed baby shoes and other baby accessory products.
How much depreciation expense would appear on the tango dec : How much depreciation expense would appear on the tango December 31, 2011, income statement? What is the book value of the computer at the end of 2012?
How you promote your idea internally : How the competitors' product can be considered as a Threat to your new product/service and How much will the whole procedure cost to the business?
What adjustment would firm need to make to properly account : What adjustment would the firm need to make to properly account for any interest revenue that had been earned prior to year end?
How the economy moves to a new short-term position : Illustrate how the economy moves to a new short-term position. Illustrate how the economy transitions to its new equilibrium in the middle-run.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the gross profit margin and operating profit margin

Compute the gross profit margin, operating profit margin, and net profit margin for the company. Write a short essay explaining the differences you find between the profit margins calculated and why you think the profit margins differ.

  What would an endless to one starbucks coffee per day

if the Starbucks price never changed, what would an endless, inheritable free subscription to one Starbucks coffee per day be worth today?

  Healthcare reform also known as the affordable care act

What is the main purpose of the Healthcare Reform also known as the Affordable Care Act? How will individual States influence delivery and how should reform alternatives be considered?

  Determine selling price of mobile phones

Determine the markup percentage (rounded to two decimal places) for mobile phones. Determine selling price of mobile phones. Round to the nearest dollar.

  How much will the investment be worth in nineteen years

If $11,100 is invested at 3.1% interest compounded monthly, how much will the investment be worth in 19 years?

  Deduct all state taxes paid on her federal income tax return

Tammy, a resident of Virginia, is considering whether to purchase a North Carolina bond that yields 4.6% before tax. She is in the 35% Federal marginal tax bracket and the 5% state marginal tax bracket. Which of the two options will provide the great..

  Auditing service company and manufacturing company

Would you please tell me about the differences between auditing a service company and a manufacturing company and what adjustments would have to make to their audit planning if they were to audit a service company?

  What is the corporations capital loss carryover next year

Tax problem. A U.S. corporation has a long-term capital loss of $20,000 for the current year and has a $7,000 short-term capital gain. Last year, its final year of operation, It had $9,000 of short-term capital losses. What is the corporation's capit..

  What proportion of intragroup transactions eliminated

Where only a proportion of subsidiary's shares are owned by a parent entity, what proportion of the intragroup transactions between the parent entity and the subsidiary will need to be eliminated on consolidation?

  How do determine the payback period of the project

Do you recommend that the project be undertaken? Explain. Determine the internal rate of return of the project. Determine the payback period of the project.

  Classifications such as tool reimbursements and wages

Motor vehicle service technicians usually must provide their own tools as part of their employment. These tools are the property of the technician, and service technicians generally receive an hourly wage. Some automobile dealerships split service te..

  What performance measure would you suggest for each activity

What information is needed for the memo? Where can you get this information? What performance measure would you suggest for each activity? Is the accounting information sufficient for your memo?

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