CAR-93482 company purchases battery powered bikes from a manufacturer for $1,497 per unit and then sells them to its customers- for $2,300 each. The company's monthly selling and administrative costs are the following: Costs Cost Formula Selling: Advertising Sales salaries and commissions Delivery of bikes to customers Utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipment $ 951 per month $ 4,792 per month, plus 5% of sales $ 60 per unit sold $ 667 per month $ 4,994 per month $ 13,496 per month $ 692 per month $ 2,455 per month, plus $38 per unit sold $ 926 per month Last month CAR-93482 sold 63 units. How much was the company's total contribution margin for the month? O$ 50,589 O$ 37,170 O$ 107,730 O$ 94,311

CAR-93482 company purchases battery powered bikes from a manufacturer for $1,497 per unit and then sells them to its customers- for $2,300 each. The company's monthly selling and administrative costs are the following: Costs Cost Formula Selling: Advertising Sales salaries and commissions Delivery of bikes to customers Utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipment $ 951 per month $ 4,792 per month, plus 5% of sales $ 60 per unit sold $ 667 per month $ 4,994 per month $ 13,496 per month $ 692 per month $ 2,455 per month, plus $38 per unit sold $ 926 per month Last month CAR-93482 sold 63 units. How much was the company's total contribution margin for the month? O$ 50,589 O$ 37,170 O$ 107,730 O$ 94,311

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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