Accounting 55 Vector Electronics produces USB adapters, which itsells for $30 each. Each USB adapter requires $12 ofvariable costs to manufacture. During May, 1,500adapters were sold. Fixed costs for May were$2,500.How much is the contribution margin ratio?

Concept of Contribution MarginThe contribution margin is the difference between the selling price of…

Answered: Vector Electronics produces USB…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5EB: Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90....

See similar textbooks

Similar questions

Cop
Brighton Audio produces and sells portable speakers. Each speaker sells for $45, and the variable cost per unit is $28. The company's fixed costs are $60,000, and it expects to sell 5,000 units. What is the contribution margin per unit?
Swifty Corporation produces flash drives for computers, which it sells for $15 each, Each flash drive costs $9 of variable costs to make. During April, 1000 drives were sold. Fied costs for April were $1000. How much is the contribution margin ratio? O 45% O 73% O 27% O 40%
Coronado Industries produces flash drives for computers, which it sells for $15 each. Each flash drive costs $9 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were $1000. How much is the contribution margin ratio? 27% 45% 40% 73%
Aa
Mackler, Inc. sells a product with a contribution margin of $50 per unit. Fixed costs are $8,000 per month. How many units must Mackler sell to break even? Please show the formula you used and show your work in the space provided.
Crane Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $7 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were $1000. How much is the contribution margin ratio? 55% 45% 35% 65%
I need guidance with this general accounting problem using the right accounting principles.
Atlantic Manufacturing produces and sells children’s bikes at an average price of $80. Its costs are as follows: direct materials = $15; direct labour = $7; variable overhead = $3; sales commission is 5% of price. Its fixed monthly costs are $50,000. Required: 1. Using the above cost data, set up a monthly cost equation. Y=___+___x 2. What is the company’s contribution margin percentage? (Round your answer to 2 decimal places.) Contribution Margin %
What is the contribution margin per unit for this accounting question?
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.answer this?
Bonita Industries produces tinted SPF 100 moisturizer that it sells for $120 each. Each bottle costs $6 of variable costs to make. During the most recent quarter, 1100 bottles of moisturizer were manufactured and sold. Fixed costs for the quarter were $20 per unit for a total of $22000. What is the company's contribution margin ratio?

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

Vector Electronics produces USB adapters, which it sells for $30 each. Each USB adapter requires $12 of variable costs to manufacture. During May, 1,500 adapters were sold. Fixed costs for May were $2,500. How much is the contribution margin ratio?