User Account

All Pages

What is the contribution margin per unit

Assignment Help Accounting Basics
Reference no: EM132178816

Questions -

Q1. Company ABC buys a new machine with a list price of $50,000 plus an 8% sales commission. Shipping costs are $800 FOB Destination. Installation costs are $1000. What cost does Company ABC record for the new machine?

a. $47,000

b. $50,000

c. $54,000

d. $55,000

e. $55,800

Q2. On January 1, 2014, Z Company issues $1 million of 10 year bonds at 98 with 4% interest payable semiannually. What is the value of the bonds payable account on December 31, 2014? (Please note that this question is NOT asking for the carrying value of the bonds.)

a. $980,000

b. $990,000

c. $1,000,000

d. $1,018,000

e. $1,020,000

Q3. XYZ Company sells 10,000 units for revenue of $500,000. Fixed costs are $100,000 and variable costs are $200,000. What is the contribution margin per unit?

a. $20

b. $30

c. $40

d. $50

e. $70

Reference no: EM132178816

Questions Cloud

Compute the total costs expected : Variable costs are projected to be $450,000 and fixed costs are projected to be $300,000. Compute the total costs expected if 12,000 units are sold
Successfully for payment for the entire contract : Could Gordon sue successfully for payment for the entire contract?
How trend will be impacting multiple healthcare stakeholders : In recent years, the market place has undergone many changes that had started before the ACA, and this accelerated after the passage of the ACA.
Tactical decisions are often small-scale decisions : Tactical decisions are often small-scale decisions that have a broader purpose. Share your opinion on what this means.
What is the contribution margin per unit : XYZ Company sells 10,000 units for revenue of $500,000. Fixed costs are $100,000 and variable costs are $200,000. What is the contribution margin per unit
Identify one dimension of organizational culture : Next, think about an organization's culture and how it influences managers and their decision making. Identify one (1) dimension of organizational culture.
The unemployment program of the government of guava land : The Unemployment Program of the Government of Guava Land has several offices throughout the country, ten (10) to be specific.
Different stakeholders in the staffing process : As we have seen, there are many different stakeholders in the staffing process. From the perspective of firm profitability
What is the cost of goods sold : Beginning of year finished goods inventory is $120,000 and end of year finished goods inventory is $160,000. What is the cost of goods sold

Reviews

Write a Review

Accounting Basics Questions & Answers

  Stock of goods account

Furniture (debit balance) 20,000 Stock of Goods Account (debit balance) 70,000 S. Sircar (debit balance) 14,000 M. Mitra (debit balance)

  Name four of these acts and briefly describe their purpose

Following the 1929 stock market crash, Congress passed a series of Acts to regulate the securities industries. Name four of these Acts and briefly describe their purpose.

  Calculate the value of goodwill by super profit method

Average Capital employed in the business $700,000. From the following information, calculate the value of goodwill by super profit method

  Identify four accounts susceptible to misappropriation

Identify at least FOUR accounts susceptible to misappropriation or fraudulent financial reporting within the Metcash Group and explain why

  Describe three features of a good balance scoreboard

Describe three features of a good balance scoreboard. Your answer to the topic should be in your own words

  For or from agi deductions roberta is an accountant

for or from agi deductions. roberta is an accountant employed by a local firm. during the year roberta incurs the

  The intramural sports club reports sales revenue of 550000

the intramural sports club reports sales revenue of 550000. inventory at both the beginning and end of the year totals

  Management of parrent corporation has asked your help as an

management of parrent corporation has asked your help as an intern in preparing some key reports for april. the company

  Why does the recordkeeper prepare a trial balance

If an incorrect amount is journalized and posted to the accounts, how should the error be corrected?

  Compute the direct material price variances for june

Compute the following variances for June, and indicate whether each is favorable or unfavorable. Direct Material Price and Direct Material Quantity Variance

  Calculate both the interest expense and the amortization

Use the effective-interest method to calculate both the interest expense and the amortization of the bond discount when each interest payment is made

  Write a memo to frank discussing issues

Write a memo to Frank discussing these issues.

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