Solved: Description of unit contribution margin, Accounting Basics

+44 141 628 6080
[email protected]

Description of unit contribution margin

Problem: Mirror Company sold 17,000 units and had the following income statement for the most recent year:

Sales...$357,000
Variable expenses...$255,000
Contribution margin...$102,000
Fixed expenses...$68,000
Net Income...$34,000

Given this data, the unit contribution margin was:

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Description of unit contribution margin

Reference No:- TGS01739396

Now Priced at $20 (50% Discount)

Recommended (94%)

Rated (4.6/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Arithmetic mean would be an appropriate average

For salaries of $102,000, $98,000, $45,000, $106,000 and $101,000, the arithmetic mean would be an appropriate average.

Q : Indirect and direct method of a statement of cash flows

Question: The major difference between the indirect and the direct method of a statement of cash flows appears in which the following activities section(s)?

Q : Identifying cost behavior

Classify each of the following costs incurred by the co. as fixed, variable, or mixed. 1. Manager's compensation relative to the number of customers. 2. Waitresses' salaries relative to the number of restaurants.

Q : Develop a sampling plan

a. Develop a sampling plan. b. Explain what the sampling plan means, that is, how would you tell the inspector to do the incoming test.

Q : Description of unit contribution margin

Mirror Company sold 17,000 units and had the following income statement for the most recent year:Given this data, the unit contribution margin was:

Q : Estimate learning rate using the learning curve equation

a. According to this pilot run, what is your estimate of the learning rate using the learning curve equation. b. How much time will it take to produce the next 90 units?

Q : Degree of operating leverage of the project

a) If sales increase by 5 percent, what will be the increase in pretax profits? b) What is the degree of operating leverage of this project?

Q : Factory overhead example

Problem: Factory overhead is an example of: a. mixed cost b. fixed cost c. variable cost d. irrelevant cost

Q : What should net operating income be

Assuming that Label increased sales by 20%, what should net operating income be...choices are?

1947769

Questions
Asked

3,689

Active Tutors

1420931

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Description of unit contribution margin

Reference No:- TGS01739396

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Arithmetic mean would be an appropriate average

Q : Indirect and direct method of a statement of cash flows

Q : Identifying cost behavior

Q : Develop a sampling plan

Q : Description of unit contribution margin

Q : Estimate learning rate using the learning curve equation

Q : Degree of operating leverage of the project

Q : Factory overhead example

Q : What should net operating income be

How hit can be used to develop interventions

How guardian indicate that discharge teaching was effective

What should nurse expect to see in client living with esld

How to enhance primary prevention in the local clinics

What is the cause of this metabolic state

Client for first time is doing a medication reconciliation

Identify one or two nurses on your unit

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Description of unit contribution margin

Reference No:- TGS01739396

Recent Questions Asked Accounting Basics

Q : Arithmetic mean would be an appropriate average

Q : Indirect and direct method of a statement of cash flows

Q : Identifying cost behavior

Q : Develop a sampling plan

Q : Description of unit contribution margin

Q : Estimate learning rate using the learning curve equation

Q : Degree of operating leverage of the project

Q : Factory overhead example

Q : What should net operating income be

Asked Questions