What is contribution margin ratio for kathy lentz company

Assignment Help Cost Accounting
Reference no: EM132719790

Problem 1: Suppose Kathy Lentz Company sells hand tatted lace for $25 per yard. Her materials cost $4 per yard and labor costs her $10 per yard. She also estimates her fixed cost to be $50 per month. If she sells 2,000 yards of lace during the month, what is her contribution margin ratio?

Reference no: EM132719790

Questions Cloud

Prepare the journal entries to record retirement of williams : Prepare the journal entries to record the retirement of Williams under Williams sells one-third of his interest to Weston for $37 500 and two-thirds to Ward
COMP 30014 Data Warehousing Assignment : COMP 30014 Data Warehousing Assignment Help and Solution, Middle East College - Assessment Writing Service - tools for the operation and management
Prepare the journal entry to record cain admission : Prepare the journal entry to record Cain's admission to the partnership under each of the Cain pays Eve $15 000 for 50% of her interest.
Implement byselling the forward : A US firm will sell its pharmaceutical products in Britain the next year, but the exact amount of the revenues is uncertain as it will depend on the trade deal
What is contribution margin ratio for kathy lentz company : Suppose Kathy Lentz Company sells hand tatted lace for $25 per yard. Her materials cost $4 per yard. What is contribution margin ratio?
Estimate and record anticipated uncollectible accounts : Why does a company have to estimate and record anticipated uncollectible accounts? Can't we just record the revenues earned when the cash comes in?
Explain what is the main benefit of debt financing : What is the main benefit of debt financing? What are the five factors that companies consider when establishing their dividend policy
Nutrition-power foods : Do support required labeling of GMO foods? Why or why not? Give your reasoning. Do a search on "power foods".
Compute the npv of the project in eur : Your firm is based in Germany and is considering an investment opportunity in the United States.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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