Calculate the contribution margin per unit

Assignment Help Accounting Basics
Reference no: EM13123390

Laquesha Enterprises. sells its only product for $9 per unit, variable production costs are $3 per unit, and selling and administrative costs are $1.50 per unit. Fixed costs for 10,000 units are $5,000. Calculate the contribution margin per unit and the contribution margin ratio.

Reference no: EM13123390

Questions Cloud

Calculate the mole fraction of water : 150.g of NaCl completely dissolves (producing Na+ and Cl- ions) in 1.00k of water at 25.0C. The vapor pressure of pure water at this temperature is 23.9torr.
Compute the break-even point in dollars : Read Company reported actual sales of $2,000,000, and fixed costs of $480,000. The contribution margin ratio is 30%.Compute the break-even point in dollars, the margin of safety in dollars and the margin of safety ratio.
Roles of accountants and auditors : What is the differences and similarities between the roles of accountants and auditors. What additional expertise must an auditor possess beyond that of an accountant?
Calculate the contribution margin per unit : Laquesha Enterprises. sells its only product for $9 per unit, variable production costs are $3 per unit, and selling and administrative costs are $1.50 per unit. Fixed costs for 10,000 units are $5,000. Calculate the contribution margin per unit a..
Calculate the contribution margin per unit : Laquesha Enterprises. sells its only product for $9 per unit, variable production costs are $3 per unit, and selling and administrative costs are $1.50 per unit. Fixed costs for 10,000 units are $5,000. Calculate the contribution margin per unit a..
Find the optimal solution if annual return for oil changes : What is the optimal solution if the annual return for U.S. Oil changes from $3 to $8 per share (everything else stays the same)? What is the value of the total return?
Calculate pressure inside the cylinder : A steel cylinder is filled with 5.75 mol of nitrogen at 22degrees Celcius. The volume of the cyclinder is 18.4 L Calculate pressure inside the cylinder.
Strongly regular graph proof : Let n >= 2 be a number. Define the graph L2(n) as follows: Vertices are ordered pairs from the set {1, ..., n}. Two vertices are adjacent if they have the same first coordinate, or the same second coordinate (but not both).
Amount of interest expense : What is the amount of interest expense Herman will show with relation to these bonds for the year ended December 31, 2010?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute accounting rate of return on investment

Mahtomedi Corporation is considering investing in specialized equipment costing $240,000. The equipment has a useful life of five years and a residual value of $20,000. Depreciation is calculated using the straight line method. The expected net ca..

  Journal entries for business-bad debts

On January 1, 2003, Marina Clothing Company had Accounts Receivable of $54,200 and Allowance for Doubtful Accounts of $4,700. Marina Clothing Company prepares financial statements annually. During the year the following selected transactions occur..

  Amount of interest expense-proforma income statement

Determine the amount of interest expense the restaurant will report on the June pro forma income statement. What amount will his restaurants report as interest expense on the July proforma income statement?

  What are the elements of negligence

What are the elements of negligence? How does an intentional tort differ from negligence? Provide examples. How does the strict liability doctrine apply to the practice of accounting? Provide examples.

  Machine sale-book value-journal entry

On January 1, Year 1, Jayco purchased a machine for $6,000. It had an estimated salvage value of $1,200 and a life of six years. The straight-line method of depreciation was used. At, midyear in Year 4, Jayco sold the machine for $4,500 cash.

  Buffet requirement to be capital efficient

The best investor of all time, Warren Buffet, talks about investing in "capital efficient" businesses. Coca Cola falls into this category since it generates great sums of cash with minimal investment in capital.

  Government and nonprofit accounting

Some, but not all, contributions of goods and services are given accounting recognition. In each of the following scenarios, an organization receives a contribution in kind. Prepare journal entries, as necessary, to give them accounting recognitio..

  Company personnel erroneously recorded a sales transaction

Describe what is likely to occur if company personnel erroneously recorded a sales transaction for the wrong customer. What if a cahs receipt were applied to the wrong customer? Identify Internal control that would detect or prevent thid from occurri..

  Target eps adjusted to acquire fye

Use the following information to answer the question below: Assuming 360 days in a year for simplicity, calculate target EPS adjusted to acquirer FYE in the transaction year (FYE June 2008):

  Relevant financial information for investors

Assume there is a well-financed, one-year-old company in the biotech industry that is concentrating on developing chemical-based compounds that are aimed at developing drugs to reduce the effects or onset of Alzheimer's Disease.

  Describing taxation for decision makers

A number of specific transactions do not necessarily follow the general tax provision applicable to property transactions. Following are a group of transactions that are subject to specific tax provisions. For each of the situations, you are to an..

  Sales and actual warranty expenditures

Based on industry experience, warranty costs are estimated at 2% of sales in the year of sale, 4% in the year after sale, and 6% in the second year after sale. Sales and actual warranty expenditures for the first three-year period were as follows:

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