What is the variable cost per shirt

Assignment Help Accounting Basics
Reference no: EM132993278

Problem - Choice Creations, Inc. sells hand sewn shirts at $54.00 per shirt. It incurs monthly fixed costs of $6,000. The contribution margin ratio is calculated to be 10%. What is the variable cost per shirt?

Reference no: EM132993278

Questions Cloud

What is the role of confidential reporting : What is the role of confidential reporting and internal investigations in the compliance program
Which the primary distincition of corporations is that : Which the primary distincition of corporations is that? Ownership in a corporation is typically in the form of ownership units./ They avoid direct taxation
Discuss the improper accounting for sales in the scenario : The proceeds from these sales are used to fund the firm's Christmas party. Discuss the improper accounting for sales in the scenario
What was the desired ending finished goods : If the production budget shows that 52000 units are required for production, what was the desired ending finished goods
What is the variable cost per shirt : It incurs monthly fixed costs of $6,000. The contribution margin ratio is calculated to be 10%. What is the variable cost per shirt
How would identify leadership style : How would you identify your leadership style based on the description in the Scales and Biderman-Gross and/or from your additional research?
What is the carrying value of the note on december : The market interest rate for this type of transaction is 10%. What is the carrying value of the note on December 31, 2020
How leaders incorporate their leadership style : How leaders incorporate their leadership style and the Three Keys to inspire their teams. Management and leadership are similar but are different in many ways.
How much is the total interest expense incurred : During June, the entity collected P850,000 of the receivables and settled the loan with the bank. How much is the total interest expense incurred in 2020

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss a punishment goal of the criminal law system in

discuss a punishment goal of the criminal law system in relation to the business world. is this punishment goal met?

  Jumpst corporation uses the cost formula y 3600 030x for

jumpst corporation uses the cost formula y 3600 0.30x for the maintenance cost in department b where x is

  Balance sheet and income statement concept

Prepare the general journal entries that should be made in 2010 and 2011 related to the above plan by Paige Candy; and also Indicate the account names, amounts, and classifications of the items related to the premium plan that would appear on the ..

  Calculate the diluted earnings per share

Conrad's net income for the year ended 31 December 2019 was $2.5 million and the income tax rate is 30%. Calculate the diluted earnings per share

  Calculate taxable income for Daisy and Dermot Douglass

Question - Calculate taxable income for Daisy and Dermot Douglass based on the following information: The Douglass's file married joint

  What is the cost of equity based on the security market line

The Smith Company has 10,000 bonds outstanding. The bonds are selling at 102% of face value, What is the cost of equity based on the security market line

  Prepare the journal entry for the issuance of the bonds

On June 1, 2013, Madison notified bondholders of its intent to call the bonds at face value plus a 1% call premium on July 1, 2013. By June 30 all bondholders had chosen to convert their bonds into shares as of the interest payment date. On June 3..

  Describe the term managing earnings

Describe the term "managing earnings". What might motivate a company manager to do? Describe the purpose and limitations of financial statement analysis

  Prepare the journal entry on August

Prepare the journal entry on August 15, 2017, for Flint to record the sale of receivables, assuming the recourse liability has a fair value of $3,060

  In preparing its bank reconciliation for the month of april

1.flips market recorded the following events involving a recent purchase of merchandisereceived goods for 50000 terms

  What types of budgeting techniques are used

How does budgeting for a governmental entity differ from a for profit entity? Why? What types of budgeting techniques are used for governmental entities

  Prepare journal entries to record the liability for

compensated absences bettinghaus corporation began business on january 2 2013 with five employees. its sick leave and

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