What was the contribution margin percentage

Assignment Help Financial Accounting

Reference no: EM13825280

Juniper had revenues of $460,000 in March. Fixed costs in March were $284,240 and profit was $28,560.

A) What was the contribution margin percentage?

B) What monthly sales volume (in dollars) would be needed to break-even?

Reference no: EM13825280

Questions Cloud

Compute basic earnings per share : Bossie, Inc. had 950,000 shares of common stock, 10,000 shares of 6%, $100 par, cumulative preferred stock, and 10,000 shares of 8%, $100 par, noncumulative preferred stock outstanding at the end of 2013 and 2014. No dividends were declared or paid o..

Consolidated amount of cash collected business combination : Cadion Co. owned a controlling interest in Knieval Inc. Cadion reported sales of $420,000 during 2011 while Knieval reported $280,000. Inventory costing $28,000 was transferred from Knieval to Cadion (upstream) during the year for $56,000. Of this am..

What is consolidated net income-without consideration : Campbell Inc. owned all of Gordon Corp. For 2011, Campbell reported net income (without consideration of its investment in Gordon) of $280,000 while the subsidiary reported $112,000. The subsidiary had bonds payable outstanding on January 1, 2011, wi..

Subsidiary had bonds payable outstanding : Vontkins Inc. owned all of Quasimota Co. The subsidiary had bonds payable outstanding on January 1, 2010, with a book value of $265,000. The parent acquired the bonds on that date for $288,000. Subsequently, Vontkins reported interest income of $25,0..

What was the contribution margin percentage : Juniper had revenues of $460,000 in March. Fixed costs in March were $284,240 and profit was $28,560. What was the contribution margin percentage? What monthly sales volume (in dollars) would be needed to break-even?

What amount should be deducted as lease expense on schedule : On July 1, 2014, a taxpayer leases a car for 24 months. The terms of the lease require the taxpayer to pay $1,000 a month. Based on the value of the automobile, the inclusion amounts for years 1 through 3 are $313, $590, and $602, respectively. If th..

Find the internal rate of return promised by the new machine : Wendell’s Donut Shoppe is investigating the purchase of a new $34,100 donut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings of $5,600 per year. What would be the total annual c..

Role of the major national and transnational organization : the role of the major national and transnational organizations

Characteristics of relevance and comparability of accounting : Compare and assess the qualitative characteristics of ‘relevance' and ‘comparability' of accounting information of a listed company for the financial statements between year 2009 and 2010

User Account

All Pages