question archive 1) Young Company has provided the following information: Price per unit $40 Variable cost per unit 12 Fixed costs per month $10,000 What is the contribution margin ratio? A) 12% B) 60% C) 40% D) 70% 2) First Buy Company provided the following manufacturing costs for the month of June

1) Young Company has provided the following information: Price per unit $40 Variable cost per unit 12 Fixed costs per month $10,000 What is the contribution margin ratio? A) 12% B) 60% C) 40% D) 70% 2) First Buy Company provided the following manufacturing costs for the month of June

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1) Young Company has provided the following information:

Price per unit

$40

Variable cost per unit

12

Fixed costs per month

$10,000

What is the contribution margin ratio?

A) 12%

B) 60%

C) 40%

D) 70%

2) First Buy Company provided the following manufacturing costs for the month of June.

Direct labor cost

$136,000

Direct materials cost

80,000

Equipment depreciation (straight-line)

24,000

Factory insurance

19,000

Factory manager's salary

12,800

Janitor's salary

5,000

Packaging costs

18,800

Property taxes

16,000

From the above information, calculate First Buy's total variable costs.

A) $311,600

B) $62,300

C) $234,800

D) $38,400

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