The companys total variable selling expense was 37500 its

Assignment Help Accounting Basics
Reference no: EM13481124

Getchman Marketing, Inc., a merchandising company, reported sales of $592,500 and cost of goods sold of $305,000 for April. The company's total variable selling expense was $37,500; its total fixed selling expense was $16,000; its total variable administrative expense was $35,000; and its total fixed administrative expense was $38,900. The cost of goods sold in this company is a variable cost. The contribution margin for April is:

Reference no: EM13481124

Questions Cloud

Accounting for earnings per share has certain weaknesses : accounting for earnings per share has certain weaknesses that our analysis must consider for interpreting eps data.
Management of modugno corporation is considering whether to : management of modugno corporation is considering whether to purchase a new model 370 machine costing 441000 or a new
What are bond ratings and how do they impact bond valuation : what are bond ratings and how do they impact bond valuation?who are the bond ratings agencies and what do the ratings
How does the payment of dividends on preferred stock affect : how does the payment of dividends on preferred stock affect the eps
The companys total variable selling expense was 37500 its : getchman marketing inc. a merchandising company reported sales of 592500 and cost of goods sold of 305000 for april.
How have money market rates changes since the beginning of : how have money market rates changes since the beginning of the year? consider the existing economic conditions. do you
Tear company a newly established subsidiary of stern : tear company a newly established subsidiary of stern corporation recceived assets with an original cost of 260000 and a
Accounting practice distinguishes among different types of : accounting practice distinguishes among different types of accounting changes. identify three different types of
Using a 45 discount rate calculate the net present value : part 1using a 4.5 discount rate calculate the net present value payback profitability index and irr for each of the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amount budgeted for the month

Andrea's Hobbies produces and sells a luxury animal pillow for $40.00 per unit. In the first month of operation, 3,000 units were produced and 2,250 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other infor..

  Describe the significance of recognizing the time value of

describe the significance of recognizing the time value of money in the long-term impact of the capital budgeting

  Non-controlling interest in kent net income

X-Beams Inc. owned 70% of the voting common stock of Kent Corp. During 2006, Kent made several sales of inventory to X-Beams. The total selling price was $180,000 and the cost was $100,000. At the end of the year, 20% of the goods were still in X-..

  Sugarland company sells a single product and anticipates

sugarland company sells a single product and anticipates opening a new facility in charlotte on may 1 of the current

  What type of taxpayers are considered

Heather & Terry have a mortgage on their primary residence of $750,000 and a mortgage on their vacation home of $410,000. In 2013, they incurred $46,400 of mortgage interest expense.

  Explain how to resolve complex accounting and business issue

Demonstrate the ability to employ critical thinking, analytical problem-solving skills and ethical decision-making techniques to resolve complex accounting and business issues within the context of the internal enterprise structures and external i..

  General fund and governmental activities

General Fund and Governmental Activities

  Uniform partnership act of 1997

What is the Uniform Partnership Act of 1997 and what is the relevance to partnership accounting and what types of items are typically included in the partnership agreement? Explain.

  Consolidated balance sheet after acquisition

Based on the preceding information, what amount of total liabilities was reported in the consolidated balance sheet immediately after acquisition?

  Integrating case 5-23balance sheetassetscash 15000accounts

integrating case 5-23balance sheetassetscash 15000accounts receivable net einventory dprepaid expenses and other

  Qualifying for the medical deduction in the current year

The appraisal states that the system increased the value of Gabriel's residence by $1,000. Expenses qualifying for the medical deduction in the current year total:

  Entries to berecorded by the partnership

Porthos, with permission of the other partners, decides to sell half of his partnership interestto D'Artagnan for $50,000 in cash. No asset revaluation or goodwill is to be recordedby the partnership.

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