User Account

All Pages

Calculate the total contribution margin

Assignment Help Accounting Basics
Reference no: EM132967016

Question - Parent Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture? follow:

Sales Price: Tables 1,100, Chairs 50

Variable manufacturing costs: Tables 825, Chairs 10

Sales Commission (10%): Tables 110, Chairs 5

Requirements -

1. Calculate the total contribution margin and the contribution margin ratio for each sales representative? (round to two decimal? places).

Before calculating the total contribution? margin, begin by identifying and calculating the total number of tables and chairs sold by each sales representative for the period.

2. Which sales representative has the highest contribution margin? ratio? Explain why.

Reference no: EM132967016

Questions Cloud

Prepare the schedule of cash payments for purchases : Prepare the schedule of cash payments for purchases for January and February?, including the calculation for the Accounts Payable balance on February 28
Calculate the payback for investments a and b : If the inflow in the fifth year for Investment A was $20,000,000 instead of $20,000, would your answer change under the payback method?
Compute the total amount budgeted for product costs for July : Selling and administrative expenses for this product line are $1,700 per month. Compute the total amount budgeted for product costs for July
Identify the presence of treasury stock : Identify the presence of treasury stock and its impact on overall stockholders' equity. If the company does not have treasury stock
Calculate the total contribution margin : Calculate the total contribution margin and the contribution margin ratio for each sales representative
Write a program to calculate the solution of this Equation : Write a program to calculate the solution of this Equation and Write and run a program in C++ to get two numbers from the keyboard during program execution.
Calculate the total present value : Calculate the total present value of the following annual CFs: $84 obtained one year from today, $13 obtained two years from today
what will be the effect on the profits of the Pulp Division : What will be the effect on the profits of the Pulp Division, the Carton Division, and the company as a whole
How mr onit might rearrange his plan to avoid any problems : Indicate briefly your recommendations as to how Mr. Onit might rearrange his plan to avoid any problems arising from the plan presented.

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