User Account

All Pages

Find total contribution margin should be closest to

Assignment Help Managerial Accounting
Reference no: EM132580962

Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January.

Sales (3,200 units)$67,200

Variable expenses 38,976

Contribution margin 28,224

Fixed expenses 20,900

Net operating income$7,324

Question 1: If the company sells 3,500 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)

Multiple Choice

Option 1: $28,224

Option 2: $30,870

Option 3: $60,900

Option 4: $8,011

Reference no: EM132580962

Questions Cloud

What the factoring of accounts receivable consists of : What The factoring of accounts receivable consists of? pledging accounts receivable as collateral for a loan./selling accounts receivable at a profit.
Discuss a recent moral decision that you made : Discuss a recent moral decision that you made and explain how your style of moral reasoning relates to Kohlberg's stage theory of moral development.
Which store type had the most significant profit change : Discuss the possible causes of profit percentage change from last year to this year. Which store type had the most significant profit change?
Sexual orientation based on diversity and organizations : Create a chart to compare American Indians, Sex and Gender, Work and Family, and Sexual orientation based on diversity and organizations.
Find total contribution margin should be closest to : If the company sells 3,500 units, its total contribution margin should be closest to. Sorin Inc., a company that produces and sells a single product has provide
Discusses types of perceptual distortions : Discusses four types of perceptual distortions: stereotyping, halo effects, selective perception, and projection.
Describe aspect of the film that impacted you the most : Describe which "isms" (more than one) you think are relevant to the plight of Dalit women and why (for example, racism, sexism, classism, etc).
Is in the best interest of geneva corporation for transfer : Is it in the best interest of Geneva Corporation for this transfer to take place? How much could the company gain/lose from this transfer?
What the total variable overhead variance for november : What The total variable overhead variance (including both the rate and efficiency variances) for November was? Direct labor: 0.5 hours at $8 per hour

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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