User Account

All Pages

Calculate the contribution margin per unit

Assignment Help Accounting Basics
Reference no: EM131824716

Question - Gardner Manufacturing Company produces a product that sells for $120. A selling commission of 10% of the selling price is paid on each unit sold. Variable manufacturing costs are $60 per unit. Fixed manufacturing costs are $20 per unit based on the current level of activity, and fixed selling and administrative costs are $16 per unit. The contribution margin per unit is:

a. $104

b. $72

c. $60

d. $48

Reference no: EM131824716

Questions Cloud

What are the limitations of internal rate of return method : What are the limitations of the internal rate of return method and the problems with the payback method?
Testing the effects of vitamin c : The endurance data set contains data from a 1983 paper [KM83] testing the effects of vitamin C on grip strength and muscular endurance.
Explain why studios bother to make new shows : Every year, American television introduces many new shows, only about one-third of which survive past their first season.
Describe approach that will take to research subject thesis : Describe the approach that you will take to research the subject thesis. Discuss the future of healthcare financial management in the United States.
Calculate the contribution margin per unit : Gardner Manufacturing Company produces a product that sells for $120. The contribution margin per unit is
Confidence interval for the true proportion of heads : a) Give a 95% confidence interval for the true proportion of heads that this coin yields using Wald, score, and Wilson methods.
Coffee drinkers tend to prefer fresh brewed coffee : In what situations will the way we deal with 'no difference' or 'no response' matter most? Explain.
Compute the payback period for the proposed new product line : Bach's Clothing Store is considering a new product line: umbrellas and rain gear. Compute the payback period for the proposed new product line
How many boxes should be ordered at a time : How many boxes should be ordered at a time? How many orders per year should there be? What are the total ordering and carrying costs at the EOQ?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd