Please provide the answer to this general accounting question with proper steps. A carbon fiber manufacturer, Nova Strand Co., has suppliedthe following data:DescriptionUnits of carbon fiber produced and soldSales revenueVariable manufacturing expenseFixed manufacturing expenseAmount400,000$2,200,000$880,000$320,000Variable selling and administrative expense $160,000Fixed selling and administrative expense $290,000Net operating income$550,000What is Nova Strand Co.'s unit contribution margin?

Step 1: Definition of Contribution MarginContribution Margin is the amount remaining from sales…

Answered: A carbon fiber manufacturer, Nova…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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What is the company's unit contribution margin?
What is the company's unit contribution margin?
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Shown below is a segmented income statement for Orzo Company's three laminated flooring product lines: Line Item Description Strip Plank Parquet Total Sales revenue $400,000 $200,000 $300,000 $900,000 Less: Variable expenses 225,000 120,000 250,000 595,000 Contribution margin $175,000 $ 80,000 $ 50,000 $305,000 Less direct fixed expenses: Machine rent 5,000 20,000 42,000 67,000 Supervision 15,000 10,000 20,000 45,000 Depreciation 35,000 10,000 25,000 70,000 Segment margin $120,000 $ 40,000 $ (37,000) $123,000 Orzo's management is deciding whether to keep or drop the parquet product line. Orzo's parquet flooring product line has a contribution margin of $50,000 (sales of $300,000 less total variable costs of $250,000). All variable costs are relevant. Relevant fixed costs associated with this line include $42,000 in machine rent and $5,000 in supervision salaries. 1) Which alternative is more cost effective and by how much?____
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