+1-415-670-9189
info@expertsmind.com
Contribution margin per unit problem
Course:- Accounting Basics
Reference No.:- EM13151492





Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Accounting Basics

Kaiser's Kraft Korner sells a single product. 7,000 units were sold resulting in $70,000 of sales revenue, $28,000 of variable costs, and $12,000 of fixed costs.

Contribution margin per unit is:

a. $4.00

b. $4.29

c. $6.00

d. None of these answers are correct.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
On May 1, 2010, a company purchased a new machine which it does not have to pay for until May 1, 2012. The total payment on May 1, 2012 will include both principal and inter
Indicate the three ways that Bret attempted to conceal the theft and the dollar amount involved in each method. What principles of internal control were violated in this case?
Calculate ending inventory and cost of goods sold for each of the following cost flow methods. Round your final answer for ending inventory and cost of goods sold to the neare
a. Determine the budgeted manufacturing overhead rate for each department.  b. Prepare the necessary journal entries to summarize the March transactions for Department 100. 
Hudson Corp. has extra space in its warehouse and agrees to rent it out to Stillwater Company at the rate of $2,000 per month. The space was made available to Stillwater beg
When a company sells a product for cash, it generally recognizees the revenue. However, there are situations when it is not always clear when a company should recognize the
Prepare a comparative condensed income statement for 2001 under FIFO and LIFO. Which cost flow method (FIFO or LIFO) produces the most meaningful inventory for the balance she
The mass of earth is  and the mass of the moon is  Assuming all of the mass of each is at its center, find the center of mass of the earth-moon system, if their centers are  a