Mountain View Printing calculates its monthly costs based on printer usage. In July, they made 8,500 prints and paid $475. In September, they made 6,000 prints and paid $375. Using the high-low method, calculate the variable cost per print.
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- Acme Inc. manufactures and sells widgets. Acme Inc. sells widgets for $15 each. Acme Inc. uses 3 gizmos for each widget. Gizmos cost $2 each. In December, Acme sold 300 widgets. Acme also pays rent of $500 per month. please show work. A.) What is Acme Inc.'s contribution margin per unit? B.) What is Acme Inc.'s contirbution margin ratio? C.) Assuming the about information is all revenue and expenses for scme, what is December's net income? D.) Determine the fixed cost give the following information: Lowest level of activity- 200 units at a total cost of $600 Highest level of activity- 800 units at a total cost of $1,800 Fixed cost =A company sells mulch by the cubic yard. Grade A much sells for $150 per cubic yard and has variable costs of $65 per cubic yard. The company has fixed expenses of $15,000 per month. In August, the company sold 240 cubic yards of Grade A mulch. A. Calculate the contribution margin per unit for Grade A mulch.I need guidance with this general accounting problem using the right accounting principles.
- Accurate AnswerGardner Company sells a product for $65 per unit. Variable costs are $30 per unit, and fixed costs are $1,200 per month. The company expects to sell 610 units in September. Calculate the contribution margin per unit, in total, and as a ratio. Calculate the contribution margin per unit. Select the formula labels and then enter the amounts to compute the contribution margin per unit. _______________ -. ____________ = Contribution margin per unitMukhi
- Wildhorse Company produces desk lamps. The information for June indicated that the selling price was $25 per unit, variable costs were $15 per unit, and fixed costs totaled $7320. Wildhorse currently sells 1342 lamps and earns $6100 of profit. How much is Wildhorse’s margin of safety in dollars?Socrates Co. presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Socrates made 16,000 copies and paid a total of $460 in February; in April, the firm paid $390 for 11,000 copies. The company uses the high-low method to analyze costs. 1. Compute variable cost per copy and monthly fixed fee. 2. How much would Summit pay if it made 13,000 copies?Handy Home sells windows and doors in the ratio of 8:2 (windows:doors). The selling price of each window is $114 and of each door is $264. The variable cost of a window is $69.50 and of a door is $182.00. Fixed costs are $416,000. (Enter your "per unit" values in two decimal places.)
- Brighton Electronics sold 4,200 units in December at a sales price of $50 per unit. The variable cost is $30 per unit. Calculate the total contribution margin, the contribution margin percentage, and the contribution margin per unit.Need answerCopChoice Creations, Inc. sells hand sewn shirts at $50.00 per shirt. It incurs monthly fixed costs of $8,000. The contribution margin ratio is calculated to be 10%. What is the variable cost per shirt?