Contribution margin in the campus store

Assignment Help Accounting Basics
Reference no: EM13143954

Collegebooks Company has two locations, downtown and on campus. During March, the company reported net income of $164,000 and sales of $1.2 million. The contribution margin in the downtown store was $320,000 (32% of sales). The contribution margin in the campus store is $110,000. Direct fixed costs are $90,000 in the downtown store and $93,000 in the campus location. How much are total variable costs?

Reference no: EM13143954

Questions Cloud

What is the concentration of the base : 78 mL of 2.5 M phosphoric acid is neutralized with 500 mL of potassium hydroxide. What is the concentration of the base?
Explain most important alkaloid derived from cinchona bark : Quinine (C20H24N2O2) is the most important alkaloid derived from cinchona bark. It is used as an antimalarial drug.
Calculate the p-value for population of subscribers : Find that 116 plan to renew their subscriptions. Use (a=0.01). p = the population of subscribers to Golf Illustrated who renew. Calculate the p-value.
What is the initial concentration of the acid : If 358 mL of H2SO4 is neutralized with 60.0 mL of 1.50 M NaOH, what is the initial concentration of the acid?
Contribution margin in the campus store : The contribution margin in the campus store is $110,000. Direct fixed costs are $90,000 in the downtown store and $93,000 in the campus location. How much are total variable costs?
Character of the reported profit : How much profit must Henry Report on this partnership sale currently? What is the character of the reported profit? How would your answer be different he were a dealer in securities?
How many moles of oh- are present : 0.2 M HCl is used to neutralize 20 mL of 0.35 M NaOH. a. How many moles of OH- are present?
How many chromatids are present in a fly cell : How many chromatids are present in a fly cell in.
What two values all blood pressures lie : Suppose you have a set of blood pressures with a mean of 80 diastolic and standard deviation of 5 points. assuming a normal distributions of blood pressures, what two values should 95% of all blood pressures lie? show work.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What was the total amount of the company merchandise

Haan Inc. is a merchandising company. Last month the company's cost of goods sold was $66,500. The company's beginning merchandise inventory was $12,900 and its ending merchandise inventory was $17,200. What was the total amount of the company's m..

  Example of managing earnings up

Which of the following is an example of managing earnings up?

  Media purchase as part of the acquisition

How much goodwill did World Media purchase as part of the acquisition of The Dandy Dime?

  Prepare the company journal entry to record credit card

Prepare the company's journal entry to record the credit card sales for April 13 assuming the company deposited the receipts that same day.

  Statement regarding capital projects funds

Which of the following is true regarding capital projects funds?

  Fasb conceptual framework

What bodies provide authoritative support for GAAP? What elements comprise the FASB's conceptual framework?

  Explain why other costs or revenues are not included

Explain why other costs or revenues are not included when making decisions using differential analysis.

  Explain the purpose of the balance sheet

Briefly define and explain the purpose of the balance sheet, income statement and statement of changes in equity. In your answer you should include the linkages between each.

  Calculation of amount budgeted for the month

Andrea's Hobbies produces and sells a luxury animal pillow for $40.00 per unit. In the first month of operation, 3,000 units were produced and 2,250 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other infor..

  Investment in opteron corporation

It did not pay any dividends during the year. By what amount would Athlon's investment in Opteron Corporation increase for the year, if Athlon used the equity method.

  Standard using traditional costing by direct labor

Overhead applied to Standard using traditional costing using direct labor hours is:

  What is the amount of yap co owner equity

The total assets of Yap Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Yap Co.'s owner's equity?

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