Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a single product.
Sales (3,800 units) $ 95,000
Variable expenses 38,000
Contribution margin 57,000
Fixed expenses 43,600
Net operating income $ 13,400
If the company sells 3,900 units, its total contribution margin should be closest to:
a.$13,753
b.$57,000
c.$58,500
d.$59,500
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a single product. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Factoring is the process ofa. determining the percentage of accounts receivable expected to be collected. b. selling accounts receivable at a discount to another party. c. determining the average collection period. d.
Answers (1)
A new packaging machine will cost $57,000. The existing machine can be sold for $5,000 now and the new machine for $7,500 after its 10-year useful life.
Answers (1)
Assume that a hypothetical economy with an mpc of 0.75 is experiencing severe recession. by how much would government spending have to rise to shift the aggregate demand curve rightward by $40 billion
Answers (1)
What is a conflict of interest? (Select the best answer.) A situation where an employee decides how to handle disagreements with their coworkers A situation where an employee has to decide which tasks interest them the most A situation where an
Answers (2)
The basis for Durkheim's theory of society is the principle that Select one: a. people are the products of their social environments. b. the evolution of society is based on the concept of "survival of the fittest". c.
Answers (1)
New Questions in Business
A fee is paid a. for each overdraft. c. monthly to have overdraft. b. for the first overdraft. d. annually to have overdraft.
Answers (1)
With a traditional savings account, you could be charged a fee if: You open an account online You close the account You deposit too much money at once You withdraw money too often
Answers (1)
Marigold Industries incurs unit costs of $8 ($5 variable and $3 fixed) in making an assembly part for its finished product. A supplier offers to make 10,300 of the assembly part at $6 per unit.
Answers (1)
A firm producing good y recently increased monthly production from 1,500 units to 2,000 units. this had no impact on the market price of good y. at the new production level of 2,000 units, the firm's average cost is $3.
Answers (1)
A master plan is devised for a. emergencies. b. long-range goals. c. investments. d. short-term goals
Answers (1)