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Calculation of total contribution margin and variable costs analysis
1. Iacono Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $127.20 per unit.
The best estimate of the total contribution margin when 5,300 units are sold is:
a. $32,330
b. $230,020
c. $51,410
d. $146,810
2. Shipping cost at Junk Food Imports is a mixed cost with variable and fixed components. Past records indicate total shipping cost was $18,000 for 16,000 pounds shipped and $22,500 for 22,000 pounds shipped. Assuming that this activity is within the relevant range, if the company plans to ship 18,000 pounds next month, the expected shipping cost is:
a. $18,500
b. $20,400
c. $19,500
d. $24,000
assume that the company can produce up to 150,000 units (relevant range for this cost structure) and it typically sells 110,000 units per month. A customer has placed a bid for 30,000 gadgets; however, they are willing to pay only $3 each. Would C..
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