Contribution margin per unit of limited resource

Assignment Help Accounting Basics
Reference no: EM13155192

Ace Company sells office chairs with a selling price of $25 and a contribution margin per unit of $15. It takes 3 machine hours to produce one chair. How much is the contribution margin per unit of limited resource?

A. $10

B. $45

C. $5

D. $3.33

Reference no: EM13155192

Questions Cloud

Cyclohexane solvent vaporized during the temperature : Some of the cyclohexane solvent vaporized during the temperature versus time measurement. Will this loss of cyclohexane result in its freezing point being recorded as too high
Dpreciation on a straight-line basis : Hercules Exercising Equipment Co. purchased a computerised measuring device two years ago for $60,000. The equipment has been depreciated on a straight-line basis over a six year useful life and can currently be sold for $23,800.
Determining necessary sample size : Jolly Blue Giant Health Insurance (JBGHI) is concerned about rising lab test costs and would like to know what proportion of the positive lab tests for prostate cancer are actually proven correct through subsequent biopsy. JBGHI demands a sample l..
Which is not synthesized on a free cytosolic ribosome : Which of the following is not synthesized on a "free" cytosolic ribosome?
Contribution margin per unit of limited resource : Ace Company sells office chairs with a selling price of $25 and a contribution margin per unit of $15. It takes 3 machine hours to produce one chair. How much is the contribution margin per unit of limited resource?
How many guitars will be sold after the tax is imposed : What proportion of the tax will be paid by the suppliers of Martin guitars? How many guitars will be sold after the tax is imposed?
Computing minimum amount of revenue : What is the minimum amount of revenue that each of these segments must generate to be considered separately reportable?
Which of the following is characteristic of cajal bodies : Which of the following is characteristic of Cajal bodies?
Culture and values of africans history : What four African proverbs provide insight into understanding the culture and values of Africans brought to the Americas?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Government taking account when creating a tax

Which of the following is an example of a consideration the government takes into account when creating a tax?

  Face value of one bond

Capius Corporation issued 2000 bonds in $1000 individual denominations. Each bond has twenty detachable warrants. The bonds and warrants were sold at 110. At the time the bond were issued each warrant had a market value to one percent of the face ..

  Trust fund sold investments in securities

A private-purpose trust fund sold investments in securities having a carrying value of $23,000 for $26,000, resulting in a $3,000 gain on the change in value. If there are no trust provisions to the contrary, the gain is generally??

  Computing net deferred tax liability

Assuming an income tax rate of 30% for all years, the net deferred tax liability that should be reflected on Smiley's balance sheet at December 31, 2010, should be

  Basics of accumulated depreciation account

Explain what must have happened to account for the remainder of the change in the accumulated depreciation account during 2007.

  Dollar amount of the worksheet elimination

In the preparation of the 2006 consolidated financial statements, what is the dollar amount of the worksheet elimination to 2006 Retained Earnings with respect to this transaction?

  Budgeted manufacturing overhead

Lewis Production is planning to sell 220 boxes of bricks and produce 200 boxes of bricks during May. Each box of bricks requires 20 pounds of brick mix and a half hour of direct labor.

  Present value of the income stream

Now compute the present value of the income stream from the gold mine at a discount rate of 5%, and at a discount rate of 3%

  External financial reporting

If Rushia Company determines that the fair value of the investment is now $3,900,000 and is using U.S. GAAP for its external financial reporting, which of the following is true?

  Prepare the consolidation entry in connection

What balances would need to be considered in order to prepare the consolidation entry in connection with these intercompany bonds at December 31, 2008, the end of the first year of the intercompany investment?

  Compute the predicted oparating income

Assume that Procter and Gamble had a 10% increase in sales in 2007 and that there was no change in costs except for increases associated with the higher volume of sales, compute the predicted 2007 oparating income for procter and gamble its percen..

  Compare and contrast sole proprietorships and partnerships

Compare and contrast sole proprietorships and partnerships - organization, operation and taxation. Be sure to organize your answer so that you address each of the aspects of this question - organization, operation and taxation - completely for eac..

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