Do fast answer of this question general Accounting The following information is available for Brighton'sElectronics:Manufacturing costs: $2,100,000 Units manufactured:42,000 Units sold: 35,000 units at $120 per unit Beginninginventory: 0 unitsWhat is the gross margin?A. $2,100,000B. $1,750,000C. $2,450,000D. $4,200,000

Step 1: Define Gross MarginGross margin is the difference between total sales revenue and cost of…

Answered: The following information is available…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

See similar textbooks

Similar questions

Johnson Plumbing's fixed costs are $700,000 and the unit contribution margin is $17. What amount of units (rounded to a whole number) must be sold in order to realize an operating income of $100,000? a.58,882 b. 5,000 c.47,059 d.41,176
Please need answer the general accounting question
Spartans Inc. has the following Standard Cost Card: per unit per year Price $21.00 Direct Materials $6.00 Direct Labor $1.80 Var. MOH $0.80 Fixed MOH $36,000 Selling $2.00 Administrative $60,000 1. What is the contribution margin per unit? $8.60, $2.99, $7.59, $10.60, or $4.99 2. What is the contribution margin ratio? 0.3672, 0.6328, 0.7800, 0.2200, or 0.4415 3. Based on your answer from (b), how much of every $1.00 of sales represents variable costs? 4. If direct labor costs increase by $1.00, how will that affect the contribution margin?
Calculate the number of units that must be sold in order to realize an operating income of $150,000 when fixed costs are $480,000 and the unit contribution margin is $25. a. 25,200 units b. 26,400 units c. 27,000 units d. 25,600 units.
Yanks Ltd uses the following cost function: Y = $7000 + $8.50X. If the number of units produced in a month is 200, what would be the total cost?
Menk Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.80 Direct labor $ 3.80 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 20,200 Sales commissions $ 0.50 Variable administrative expense $ 0.40 Fixed selling and administrative expense $ 10,100 Required: a. If 5,220 units are sold, what is the variable cost per unit sold? Note: Round "Per unit" answer to 2 decimal places. b. If 5,220 units are sold, what is the total amount of variable costs related to the units sold? c. If 5,220 units are produced, what is the total amount of manufacturing overhead cost incurred? a. Variable cost per unit sold b. Total variable costs c. Total manufacturing overhead cost
Bluegill Company sells 10,000 units at $400 per unit. Fixed costs are $200,000, and operating income is $1,800,000. Determine the following: a. Variable cost per unit $ b. Unit contribution margin $ per unit c. Contribution margin ratio %
Calculate the unit product cost
Total fixed costs for Randolph Manufacturing are $804,000. Total costs, including both fixed and variable, are $1,040,000 if 160,000 units are produced. The fixed cost per unit at 188,500 units would be closest to A. $5.03/unit. B. $4.27/unit. C. $1.25/unit. D. $5.52/unit
Please I want answer
Bluegill Company sells 7,500 units at $160 per unit. Fixed costs are $60,000 and income from operations is $300,000. Determine the following: Round the contribution margin ratio to two decimal places. a. Variable cost per uhit b. Unit contribution margin per unit c. Contribution margin ratio %24
Use the following data

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

The following information is available for Brighton's Electronics: Manufacturing costs: $2,100,000 Units manufactured: 42,000 Units sold: 35,000 units at $120 per unit Beginning inventory: 0 units What is the gross margin? A. $2,100,000 B. $1,750,000 C. $2,450,000 D. $4,200,000