8 9 pnp 34567 10 11 12 13 14 15 16 17 18 19 What wereCullumber's total fixed costs? If the average selling pricewas $1.95, how much gross margin did the companygenerate? Total fixed costs C Gross margin $ 16000001600000

The objective of the question is to identify the total fixed costs of Cullumber and to calculate the…

Answered: 8 9 pnp 34567 10 11 12 13 14 15 16 17…

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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None
am. 115.
QUESTION 6 You have information about 4 different companies below in the table. The variable and fixed costs are expressed as the percentage of revenue based on the current sales. The companies are otherwise very similar. Which of these companies is probably have the highest degree of operating leverage? A B с D Variable cost (%) 35% 27% 50% 80% 50% 60% 30% 5% Fixed cost O Project A O Project D O Project C O Project B

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8 9 pnp 34567 10 11 12 13 14 15 16 17 18 19 What were Cullumber's total fixed costs? If the average selling price was $1.95, how much gross margin did the company generate? Total fixed costs C Gross margin $ 1600000 1600000