FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- < Contribution Margin Harry Company sells 24,000 units at $26 per unit. Variable costs are $17.16 per unit, and fixed costs are $72,100. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) c. Operating income A LA % per unit Darrow_forwardanswer msut be correct or i will give down vote A quantity of 15 units give a profit of Sh. 3, 875 for a commodity. For a quantity of 35 units, the profit is Sh. 9375. Given that the variable cost is Sh. 125, calculate the fixed cost.arrow_forwardWhich of the following is a fixed cost? Multiple Choice A cost that is $40.00 per unit when production is 100,000, and $80.00 per unit when production is 160,000. A cost that is $40.00 per unit when production is 100,000, and $40.00 per unit when production is 160,000. A cost that is $80.00 per unit when production is 100,000, and $80.00 per unit when production is 160,000. A cost that is $40.00 per unit when production is 100,000, and $25.00 per unit when production is 160,000.arrow_forward
- The McGraw Company is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the maintenance costs must be determined. The accounting staff has suggested that linear regression be employed to derive an equation in the form of y = a + bx for maintenance costs. Data regarding the maintenance hours and costs for last year and the results of the regression analysis are as follows: (CMA adapted) Hours of January February March April May June July August September October November December Sum Average A coefficient B coefficient Standard error of the a coefficient Standard error of the b coefficient Standard error of the estimate R² T-value a T-value b Activity 480 320 400 300 500 310 320 520 490 470 350 340 4,800 400 49.515 0.12126 Maintenance Costs 4,200 3,000 3,600 2,820 4,350 2,960 3,030 4,470 4,260 4,050 3,300 3,160 $ $ 43,200 3,600 684.65 7.2884 34.469 0.99724 13.827 60.105 What is the variable cost per hour using the high-low…arrow_forwardPlease help me with show all calculation thankuarrow_forwardDetermine the missing amounts. Unit Selling Price 1. 2. 3. $ $500 $250 (e) LA $ LA Unit Variable Costs $200 (c) +A $ Unit Contribution Margin $65 (f) $560 (a) Cc Marrow_forward
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