Weighted Average contribution margin: The weighted average contribution margin is calculated for two or more products sharing a common fixed cost. The formula to calculate the Weighted Average contribution margin per unit is as follows: Weighted average contribution margin per unit= ( Contribution Margin of individual &#x00A0;weight of individual ) + ( Contribution Margin of Family &#x00A0;weight of family ) Breakeven Point for two products: The Breakeven point is the level of sales at which the net profit is nil. It can be explained as a situation where the business is generating a sale that is equal to the expenses incurred and hence no profits no loss. Breakeven point for two or more products in units is calculated with the help of following formula: Breakeven point ( units ) = Total Fixed Costs Weighted Average Contribution Margin Per Unit 1. Weighted average contribution margin per unit: To determine: The Weighted average contribution margin per unit

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Answer 1

Question

Chapter 21, Problem S21.16SE

To determine

Weighted Average contribution margin:

The weighted average contribution margin is calculated for two or more products sharing a common fixed cost. The formula to calculate the Weighted Average contribution margin per unit is as follows:

$\begin{array}{l} Weighted average contribution margin per unit= (Contribution Margin of individual  weight of individual) + \\ (Contribution Margin of Family  weight of family) \end{array}$

Breakeven Point for two products:

The Breakeven point is the level of sales at which the net profit is nil. It can be explained as a situation where the business is generating a sale that is equal to the expenses incurred and hence no profits no loss. Breakeven point for two or more products in units is calculated with the help of following formula:

$Breakeven point (units) = \frac{Total Fixed Costs}{Weighted Average Contribution Margin Per Unit}$

1. Weighted average contribution margin per unit:

To determine:

The Weighted average contribution margin per unit

To determine

2. Breakeven units:

To determine:

The total number of units of sales to breakeven

To determine

3. Breakeven units for each product:

To determine:

The total number of units of sales for each product separately

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The partnership of Keenan and Kludlow paid the following wages during this year: Line Item Description Amount M. Keenan (partner) $108,000 S. Kludlow (partner) 96,000 N. Perry (supervisor) 54,700 T. Lee (factory worker) 35,100 R. Rolf (factory worker) 27,200 D. Broch (factory worker) 6,300 S. Ruiz (bookkeeper) 26,000 C. Rudolph (maintenance) 5,200 In addition, the partnership owed $250 to Rudolph for work he performed during December. However, payment for this work will not be made until January of the following year. The state unemployment tax rate for the company is 2.95% on the first $9,000 of each employee's earnings. Compute the following: ound your answers to the nearest cent. a. Net FUTA tax for the partnership for this year b. SUTA tax for this year

Given answer financial accounting question

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Answer 2

Question

Chapter 21, Problem S21.16SE

To determine

Weighted Average contribution margin:

The weighted average contribution margin is calculated for two or more products sharing a common fixed cost. The formula to calculate the Weighted Average contribution margin per unit is as follows:

$\begin{array}{l} Weighted average contribution margin per unit= (Contribution Margin of individual  weight of individual) + \\ (Contribution Margin of Family  weight of family) \end{array}$

Breakeven Point for two products:

The Breakeven point is the level of sales at which the net profit is nil. It can be explained as a situation where the business is generating a sale that is equal to the expenses incurred and hence no profits no loss. Breakeven point for two or more products in units is calculated with the help of following formula:

$Breakeven point (units) = \frac{Total Fixed Costs}{Weighted Average Contribution Margin Per Unit}$

1. Weighted average contribution margin per unit:

To determine:

The Weighted average contribution margin per unit

To determine

2. Breakeven units:

To determine:

The total number of units of sales to breakeven

To determine

3. Breakeven units for each product:

To determine:

The total number of units of sales for each product separately

Expert Solution & Answer

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Answer 3

Question

Chapter 21, Problem S21.16SE

To determine

Weighted Average contribution margin:

The weighted average contribution margin is calculated for two or more products sharing a common fixed cost. The formula to calculate the Weighted Average contribution margin per unit is as follows:

$\begin{array}{l} Weighted average contribution margin per unit= (Contribution Margin of individual  weight of individual) + \\ (Contribution Margin of Family  weight of family) \end{array}$

Breakeven Point for two products:

The Breakeven point is the level of sales at which the net profit is nil. It can be explained as a situation where the business is generating a sale that is equal to the expenses incurred and hence no profits no loss. Breakeven point for two or more products in units is calculated with the help of following formula:

$Breakeven point (units) = \frac{Total Fixed Costs}{Weighted Average Contribution Margin Per Unit}$

1. Weighted average contribution margin per unit:

To determine:

The Weighted average contribution margin per unit

To determine

2. Breakeven units:

To determine:

The total number of units of sales to breakeven

To determine

3. Breakeven units for each product:

To determine:

The total number of units of sales for each product separately

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 21, Problem S21.16SE

To determine

Weighted Average contribution margin:

The weighted average contribution margin is calculated for two or more products sharing a common fixed cost. The formula to calculate the Weighted Average contribution margin per unit is as follows:

$\begin{array}{l} Weighted average contribution margin per unit= (Contribution Margin of individual  weight of individual) + \\ (Contribution Margin of Family  weight of family) \end{array}$

Breakeven Point for two products:

The Breakeven point is the level of sales at which the net profit is nil. It can be explained as a situation where the business is generating a sale that is equal to the expenses incurred and hence no profits no loss. Breakeven point for two or more products in units is calculated with the help of following formula:

$Breakeven point (units) = \frac{Total Fixed Costs}{Weighted Average Contribution Margin Per Unit}$

1. Weighted average contribution margin per unit:

To determine:

The Weighted average contribution margin per unit

To determine

2. Breakeven units:

To determine:

The total number of units of sales to breakeven

To determine

3. Breakeven units for each product:

To determine:

The total number of units of sales for each product separately

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 21, Problem S21.16SE

To determine

Weighted Average contribution margin:

The weighted average contribution margin is calculated for two or more products sharing a common fixed cost. The formula to calculate the Weighted Average contribution margin per unit is as follows:

$\begin{array}{l} Weighted average contribution margin per unit= (Contribution Margin of individual  weight of individual) + \\ (Contribution Margin of Family  weight of family) \end{array}$

Breakeven Point for two products:

The Breakeven point is the level of sales at which the net profit is nil. It can be explained as a situation where the business is generating a sale that is equal to the expenses incurred and hence no profits no loss. Breakeven point for two or more products in units is calculated with the help of following formula:

$Breakeven point (units) = \frac{Total Fixed Costs}{Weighted Average Contribution Margin Per Unit}$

1. Weighted average contribution margin per unit:

To determine:

The Weighted average contribution margin per unit

To determine

2. Breakeven units:

To determine:

The total number of units of sales to breakeven

To determine

3. Breakeven units for each product:

To determine:

The total number of units of sales for each product separately

Answer 6

Chapter 21, Problem S21.16SE

To determine

Weighted Average contribution margin:

The weighted average contribution margin is calculated for two or more products sharing a common fixed cost. The formula to calculate the Weighted Average contribution margin per unit is as follows:

$\begin{array}{l} Weighted average contribution margin per unit= (Contribution Margin of individual  weight of individual) + \\ (Contribution Margin of Family  weight of family) \end{array}$

Breakeven Point for two products:

The Breakeven point is the level of sales at which the net profit is nil. It can be explained as a situation where the business is generating a sale that is equal to the expenses incurred and hence no profits no loss. Breakeven point for two or more products in units is calculated with the help of following formula:

$Breakeven point (units) = \frac{Total Fixed Costs}{Weighted Average Contribution Margin Per Unit}$

1. Weighted average contribution margin per unit:

To determine:

The Weighted average contribution margin per unit

Answer 7

Chapter 21, Problem S21.16SE

To determine

Weighted Average contribution margin:

The weighted average contribution margin is calculated for two or more products sharing a common fixed cost. The formula to calculate the Weighted Average contribution margin per unit is as follows:

$\begin{array}{l} Weighted average contribution margin per unit= (Contribution Margin of individual  weight of individual) + \\ (Contribution Margin of Family  weight of family) \end{array}$

Breakeven Point for two products:

The Breakeven point is the level of sales at which the net profit is nil. It can be explained as a situation where the business is generating a sale that is equal to the expenses incurred and hence no profits no loss. Breakeven point for two or more products in units is calculated with the help of following formula:

$Breakeven point (units) = \frac{Total Fixed Costs}{Weighted Average Contribution Margin Per Unit}$

1. Weighted average contribution margin per unit:

To determine:

The Weighted average contribution margin per unit

Answer 8

To determine

2. Breakeven units:

To determine:

The total number of units of sales to breakeven

Answer 9

To determine

2. Breakeven units:

To determine:

The total number of units of sales to breakeven

Answer 10

To determine

3. Breakeven units for each product:

To determine:

The total number of units of sales for each product separately

Answer 11

To determine

3. Breakeven units for each product:

To determine:

The total number of units of sales for each product separately

Answer 12

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Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 21 - For Frank’s Funky Sounds, straight-line...Ch. 21 - Prob. 2QC Ch. 21 - Prob. 3QC Ch. 21 - Prob. 4QC Ch. 21 - Prob. 5QC Ch. 21 - On a CVP graph, the total cost line intersects the...Ch. 21 - If a company increases its sales price per unit...Ch. 21 - Prob. 8QC Ch. 21 - Prob. 9QC Ch. 21 - Prob. 10QC

2. Breakeven units: To determine: The total number of units of sales to breakeven

3. Breakeven units for each product: To determine: The total number of units of sales for each product separately

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Chapter 21 Solutions

2. Breakeven units:

To determine:

The total number of units of sales to breakeven

3. Breakeven units for each product:

To determine:

The total number of units of sales for each product separately