What is the contribution margin per unit? For Swifty Corporation at a sales level of 4,000 units,sales is $75,000, variable expenses total $68,000, andfixed expenses are $21,000.What is the contribution margin per unit?a. $17b. $1.75c. $18.75d. $5.25

Step 1: Define Contribution Margin Income StatementThe contribution margin income statement reports…

Answered: For Swifty Corporation at a sales level…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

For Concord Corporation at a sales level of 4000 units, sales is $67000, variable expenses total $42000, and fixed expenses are $21000. What is the contribution margin per unit? $10.50 $5.25 $16.75 $6.25
Calculate the contribution margin of a product for a service company if revenues are $50,000, variable expenses are $30,000, and fixed expenses are $15,000. a.) $ 20,000 b.) $80,000 c.) $35,000 d.) $5,000
Skywalker Corporation reported the following on their contribution format income statement: Sales (12,000 units) $175,000 Less: Variable expenses 100,000 Contribution margin 75,000 Less: Fixed expenses 62,500 Net operating income $ 12,500 What is the contribution margin ratio?
Prearcan CVBA's income statement shows the following: Sales Revenue: $9,121,000 Variable Costs: 4,797,000 Fixed Costs: 3,946,000 If unit sales were 5,000, the contribution margin per unit to the nearest cent is : $
If the contribution margin ratio for France Company is 34%, sales were $424,000, and fixed costs were $100,000, what was the income from operations? a.$44,160 b.$100,000 c.$35,328 d.$144,160
10. Louise Corp. has a contribution margin ratio of 31%, fixed costs of $62,000, and a profit of $41,850. What are total sales? a. $335,000 b. $103,850 c. $32,194 d. $191,429
Ratio
If the contribution margin ratio for France Company is 43%, sales are $407,000, and fixed costs are $94,000, the operating income is a.$94,000 b.$81,010 c.$175,010 d.$64,808
answer explain and give summary for final answer.
Given answer accounting questions
solve the question please
Bryce Co. sales are $876,000, variable costs are $469,800, and operating income is $233,000. What is the contribution margin ratio? Oa. 46.4% Оb. 42.1% Oc. 53.6% Od. 58.8%

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

For Swifty Corporation at a sales level of 4,000 units, sales is $75,000, variable expenses total $68,000, and fixed expenses are $21,000. What is the contribution margin per unit? a. $17 b. $1.75 c. $18.75 d. $5.25