A pet store sells a pet waste disposal system for $60 each. The cost per unit, including the system and enzyme digester, is $42.50. What is the contribution margin per unit? A. $15.00 B. $17.50 C. $12.25 D. $19.00
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- 5. If the markup on a washing machine is 53% based on selling price, what is the corresponding percent markup based on cost? 6. A vacuum cleaner sells at $202.91. If the percent markup based on cost is 48%, how much is the cost of the vacuum cleaner? Round off answer to the nearest dollar.SportsHaven’s garden department produces bags of mulch. Fixed cost is $17,300. Each bag sells for 3.21 with units cost of $1.48. How much bags of mulch must be sold to breakeven? Use the breakeven worksheet, press [2nd] [BRKEVN]Olivia sells bookshelves and small tables. It takes 1.25 hours to build a bookshelf and .9 hours to build a small table. The bookshelves have a unit contribution margin of $500 and the small tables have a unit contribution margin of $350. Olivia has been running low on time to build more products. What is her contribution margin per unit of time for the bookshelves? A : $625 B : $400 C : $555 D : $395
- Homeward Hardware buys cat litter for $6 less 20% per baq. The store's overhead is 45% of cost and the owner requires profit of 20% of cost. 1. For how much should the bags be sold? 2. What is the amount of markup included in the selling price? 3. What is the rate of markup based on selling price? 4. What is the rate of markup based on cost? 5. What is the break-even price? 6. What operating profit or loss is made if a bag is sold for $6?Davids Spin Studio charges $7.50 per class. Each participant receives a sports drink and a protein bar, costing $2.25 per person. Davids monthly fixed costs for rent, utilities, and instructor salaries total $6,500. A. What is Davids contribution margin per unit? B. What is Davids contribution margin ratio?Pens cost $0.25 each. Pencils cost $0.10 each. Write an algebraic expression that represents the total cost of buying p pens and n pencils.
- Rolf's Golf store sells golf balls for $27 per dozen. The store's overhead expenses are 26% of cost and the owners require a profit of 20% of cost. a. How much does Rolf's Golf store buy the golf balls for? _____________$ per dozen Round to the nearest cent b. What is the price needed to cover all the costs and expenses? _____________$ Round to the nearest cent c. What is the highest rate of markdown at which the store will still break even? _____________% Round to two decimal places d. What markdown rate would price the golf balls at cost? _____________% Round to two decimal placesPiedmont Company sells one cell phone for $500. The contribution margin is $300. What is the contribution margin ratio? a. 40% b. 80% c. 60% d. 20% Sir please help me urgentlyWhich of the following is an example of a mixed cost behavior? a. A rental van charges $50 / day for the first 100 miles, and $0.42 per mile beyond100 miles.b. A piece of equipment can be leased for a year for a fee of $14,000 regardless ofhow many hours it is operated.c. A vacation home charges $250 per day regardless of the number of occupants.d. A local utility charges $0.14 per kilowatt-hour of energy consumed.