What is the contribution margin per unit

Assignment Help Financial Accounting
Reference no: EM132314857

Question

The Goldfarb Company manufactures and sells toasters. Each toaster sells for $23.05 and the variable cost per unit is $15.90.

Goldfarb's total fixed costs are $24,300, and budgeted sales are 7,300 units. What is the contribution margin per unit?

Reference no: EM132314857

Questions Cloud

Calculate the ending work in process inventory : If the cost of the beginning work in process inventory is $85,500, costs of goods manufactured is $985,000, direct materials cost is $349,000.
Discussion about the networking and social capital : Review at least four (4) academically reviewed articles on the use of Networking and Social Capital to manage the external dynamics of a team.
What is the companys plantwide overhead rate : K Company estimates that overhead costs for the next year will be $4,000,000 for indirect labor and $970,000 for factory utilities.
What amount should have been reported as variable costs : What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?
What is the contribution margin per unit : The Goldfarb Company manufactures and sells toasters. Each toaster sells for $23.05 and the variable cost per unit is $15.90.
How demographic differences influence punitive attitudes : 7036CCJ - Quantitative Skills for Criminologists - Griffith University - Determine how various demographic differences influence punitive attitudes to crime
Find the total product cost per unit under variable costing : A manufacturer reports the following costs to produce 13,000 units in its first year of operations: Direct materials, $13 per unit, Direct labor, $9 per unit.
Discuss the importance of regression analysis in statistics : Consider how we can apply regression analysis to a business situation. Let's take company sales as an example. We know that the sales performance of products.
What are some of the products disadvantages : Regarding the use of data visualizations, what are the products' advantages? What are some of the products' disadvantages? Which product would you prefer?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute larrys taxable income for the year

Larry, single, age 31, had the following items for 2014: Compute Larrys' taxable income for the year 2014.

  Employers accounting for pensions

Discuss the following components of annual pension cost: Discuss the composition and treatment of the minimum liability provision.

  Issue of the new bonds and the refunding of the bonds

Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds.

  Prepared income statement for the most current year

The management accountant for the Candy Company has prepared the following income statement for the most current year: Do you recommend discontinuing the Other Candy product line? Why or why not?

  What is the percent markdown

Macy's was selling Calvin Klein jean shirts that were originally priced at $58.00 for $8.70. Based on the selling price, what is the percent markdown?

  The impression one gains

The impression one gains from the internal inconsistency of many of the arguments upon the which justification of conventional accounting, is made to rest is strongly reminiscent of the underlying philosophy of the rulers of Oceania in George Orwell'..

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Advantages and disadvantages of using ratios for analysis

Do you find the balance sheet, income statement or other measures such as ratios the most informative? Comment on the advantages and disadvantages of using ratios for analysis.

  Calculate the amount of each adjustment needed

Calculate the amount of each adjustment needed, if any, as of February 28 - Applying the time-period concept

  Estimate the cost of capital

Estimate the cost of capital

  Sufficient evidence to conclude the balance is fairly stated

Doug Stevens, CPA, is interested in testing the fairness of the ending inventory balance during the audit of Morris Co. Doug has relatively little experience using statistical sampling methods and, quite frankly, doesn't like to turn anything over to..

  How would you use cvp analysis to develop a budget

How would you use CVP analysis to develop a budget? Elaborate using examples. How can the sales department use the CVP tool when analyzing customer profitability?

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