FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
At a volume of 20,000 units, Almount Industries reported sales revenues of $1,180,000, variable costs of $360,000, and fixed costs of $352,000. The company's contribution margin per unit is:
A. None of the answers is correct.
B. $36.
C. $28.
D. $41.
E.$43.
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- If the contribution margin ratio for Martinez Company is 51%, sales were $707,000, and fixed costs were $248,790, what was the operating income?$fill in the blank 2arrow_forwardCompany XYZ made total sales revenue of $ 300,000 . The variable manufacturing costs were $ 95,000 while the fixed manufacturing costs were $ 20,000 . The variable selling and administrative expenses were $ 47,000 while the fixed selling and administrative expenses were $ 10,000 How much was the total contribution margin ( $ ) ? O a . 243,000 O b . None of the given answers C. 205,000 O d . 158,000 O e . 185,000arrow_forwardCompany XYZ made total contribution margin of $ 300,000 and a net income of $ 140,000. The company also made a total gross margin of $ 270,000. Assume that the variable selling and administrative expenses were $ 80,000, how much is the fixed manufacturing cost ($)? O a. None of the given answers O b. 160,000 Oc 130,000 O d. 50,000 O e 110,000arrow_forward
- At a volume of 25,000 units, Almount Industries reported sales revenues of $1,300,000, variable costs of $350,000, and fixed costs of $305,000. The company's contribution margin per unit is: Multiple Choice • $25. • $26. • $38. • $40. None of the answers is correct.arrow_forwardBryce Co. sales are $897,000, variable costs are $468,500, and operating income is $276,000. The contribution margin ratio is Oa. $2.2% Ob. 57.4% Oc. 47.8% Od. 43.5%arrow_forward
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