Solution-Calculate the contribution margin per camera

Calculate the contribution margin per camera

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Reference no: EM133081462

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Q1. A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30% of the selling price and profit of 20% of the selling price. During a sale, the product is marked down by 40%. What is the sale price?

Q2. An invoice for $2500 dated September 15 with terms 2/10, 1½/20, n/30, EOM is received in the mail on September 20. A payment of $1500 is made on October 20. How much is credited to the account?

Q3. An invoice for $4500 dated September 15 with terms 2/10, 1½/20, n/30, EOM is received in the mail on September 20. What payment would settle the invoice on October 15?

Q4. M Studios retails their own brand of camera that they manufacture in their plant for $500. The plant capacity is 1000 units per month and variable costs are $225 per camera. Total fixed costs for the year are $2.16 million. Calculate the contribution margin per camera?

Reference no: EM133081462

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Calculate the contribution margin per camera

Reference no: EM133081462

Reference no: EM133081462

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