Penny Company sells 25,000 units at $59 per unit. Variable costs are $29 per unit, and operating loss is $ (50,000). Determine the following: Round the contribution margin ratio to one decimal place. a. Unit contribution margin $ per unit b. Contribution margin ratio % c. Fixed costs per unit at production of 25,000 units $ per unit
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Penny Company sells 25,000 units at $59 per unit. Variable costs are $29 per unit, and operating loss is $ (50,000). Determine the ...” 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
An inflow of cash from investing activities would be
Answers (2)
True or false: society can receive a "free lunch" when it builds new factories.
Answers (1)
Scenario 17-5. assume that a local restaurant sells two items, salads and steaks. the restaurant's only two customers on a particular day are mr. carnivore and ms. leafygreens. mr. carnivore is willing to pay $20 for a steak and $7 for a salad. ms.
Answers (1)
1. Who benefits when a customer purchases strawberries from a store? 2. What is the ideal result of voluntary exchange? 3. What happens to demand if prices go up? 4. How can weather impact the supply of strawberries? 5.
Answers (1)
How would each of the following affect the firm's marginal, average, and average variable cost curves? (2 marks, 1/2 mark each) a. An increase in wages b. A decrease in material costs c. The government imposes a fixed amount of tax. d.
Answers (1)
New Questions in Business
Measures of central tendency and variability are calculated to describe the nature of charitable giving each year. These figures are computed for the "average" American citizen. Which of these is a possible value for the variance in dollars given? A.
Answers (1)
On January 1, 2020, Martinez Company makes the two following acquisitions. 1. Purchases land having a fair value of $330,000 by issuing a 4-year, zero-interest-bearing promissory note in the face amount of $483,153. 2.
Answers (1)
Which two factors directly affect the price of a stock
Answers (1)
Investment in depreciable equipment$560,000 Annual net cash flows $82,000 Life of the equipment 16years Salvage value$0 Discount rate 9% The company uses straight-line depreciation on all equipment.
Answers (1)
Which of the following statements is true? (A) A test with a high cost may also be high value. (B) A test with a low cost is always of low value. (C) Cost and value have the same definition. (D) None of the above
Answers (1)