Homewood Furniture manufactures a small table and a large table. The small table sells for $1,000, has variable costs of $560 per table, and takes 10 direct labor hours to manufacture. The large table sells for $1,600, has variable costs of $980, and takes eight direct labor hours to manufacture. Calculate the contribution margin per direct labor hour for the large table. (Round your answer to the nearest cent.) O A. $55.00 per direct labor hour O B. $44.00 per direct labor hour OC. $62.00 per direct labor hour O D. $77.50 per direct labor hour

Homewood Furniture manufactures a small table and a large table. The small table sells for $1,000, has variable costs of $560 per table, and takes 10 direct labor hours to manufacture. The large table sells for $1,600, has variable costs of $980, and takes eight direct labor hours to manufacture. Calculate the contribution margin per direct labor hour for the large table. (Round your answer to the nearest cent.) O A. $55.00 per direct labor hour O B. $44.00 per direct labor hour OC. $62.00 per direct labor hour O D. $77.50 per direct labor hour

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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