Ibra Industries produces windows, which it sells for OMR 20 each. Each Unit costs OMR 13 of variable costs to make. During April, 1,000 Units were sold. Fixed costs were a total of OMR 1,000 for the month. How much is the contribution margin ratio? Select one: O a. None of the answers are correct O b. 75% O c. 25% O d. 35% O e. 65% Next p Chapter 9 Sales budgets (activities Jump to.. 6) Sections 2,3,4, and 5

Ibra Industries produces windows, which it sells for OMR 20 each. Each Unit costs OMR 13 of variable costs to make. During April, 1,000 Units were sold. Fixed costs were a total of OMR 1,000 for the month. How much is the contribution margin ratio? Select one: O a. None of the answers are correct O b. 75% O c. 25% O d. 35% O e. 65% Next p Chapter 9 Sales budgets (activities Jump to.. 6) Sections 2,3,4, and 5

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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Question 34 Show all calculations for this problem: Lion Co produced and sold 5.000 units in the month. Below is their financial information: Selling Price: $20 per unit Direct Manufacturing Costs: $5 per unit Fixed Manufacturing Overhead: $20,000 Variable Selling expenses: $3 per unit Fixed Selling expenses: $5,000 Lion Co is trying to determine whether to use a Contribution Margin income statement or an Absorption Costing income statement. What would be the difference between their Contribution Margin and their Gross Profit?
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ion 1 enny's direct material cost is $5 per unit. The direct labor rate is $19 per hour and each units takes 2 hours to produce. Variable manufacturing overhead is $5 per unit and total budgeted fixed overhead is $6000. A sales commission of $3 is paid on each unit. If Penny expects to produce 3900 units and sell 1400 units, what is The budget cost of goods sold per unit? Round your answer to the nearest 2 decimal places 200-2 Question 1 of 5
Câu 8. Brite Ltd makes lamps with a selling price of £70 per lamp. Budgeted production and sales volume is 800 lamps per month. During July 800 lamps were made and 700 lamps were sold. There was no opening inventory. The variable cost per lamp is £30. Fixed costs in July were, as budgeted, £4,000. Using absorption costing, what is the profit for July? A. £49,000 B. £24,000 C. £21,000 D. £24,500
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Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 20,000 T-shirts at $19 each in the coming year. Product costs include: Direct materials per T-shirt $6.65 $1.33 Direct labor per T-shirt Variable overhead per T-shirt $0.57 Total fixed factory overhead $43,000 Variable selling expense is the redemption of a coupon, which averages $0.95 per T-shirt; fixed selling and administrative expenses total $13,000.
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