Question

Iacob Corporation is a wholesaler that sells a single product. Management has provided the following cost...

Iacob Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $185.00 per unit.

Sales volume (units) 6,900 8,120
Cost of sales $ 545,100 $ 641,480
Selling and administrative costs $ 672,000 $ 704,940

The best estimate of the total contribution margin when 7,590 units are sold is:

Multiple Choice

  • $269,570

  • $177,870

  • $599,610

  • $713,640

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

$599,610

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Gumbo Corporation is a wholesaler that sells a single product. Management has provided the following cost...
Gumbo Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $138.80 per unit.    Sales volume (units) 6,000 7,000 Cost of sales $369,000 $430,500 Selling and administrative costs $407,400 $418,600 the cost of sales is a variable cost and selling and administrative costs are mixed costs. Per unit “cost of sales”=$61.5 The variable cost per unit for “selling and administrative...
howell corporation is a wholesaler that sells a single product. management has provided following cost data...
howell corporation is a wholesaler that sells a single product. management has provided following cost data for two levels of monthly sales volume. sales units 6000 8000 cost of goods sold $ 4578000 510800 selling and administrative costs $ 621000 639000 selling price per unit $ 185 185 . the best estimate of the net operating income(loss) if 6500 units are sold is A. 259750 B. (3800) C.105950 D. 83950
Parsley Corporation is a wholesaler that sells a single product and maintains a stable cost structure....
Parsley Corporation is a wholesaler that sells a single product and maintains a stable cost structure. Management has provided the following data. May June July Selling price per unit 176 176 176 Sales units 4,000 7,000 6,000 Net operating income (Loss) 26,700 422,700 Gross margin 450,700 882,700 the best estimate of the margin of safety in july at the sales volume above is:
For a single product line company, the Financial Manager has provided the following cost information for...
For a single product line company, the Financial Manager has provided the following cost information for two levels of monthly sales volume. The selling price per unit is $149.30. Sales volume (units) 6,400 7,400 Cost of sales $373,120 $431,420 Selling and administrative costs $486,400 $510,600 Total variable cost per unit is estimated to be: please show work
9. Wimpy Inc. produces and sells a single product. The selling price of the product is...
9. Wimpy Inc. produces and sells a single product. The selling price of the product is $190.00 per unit and its variable cost is $60.80 per unit. The fixed expense is $394,128 per month. The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,231,650 $837,522 $579,600 $394,128 10. Majid Corporation sells a product for $180 per unit. The product's current sales are 42,000 units and its break-even sales are 34,410...
Cardiv Corporation has provided the following production and average cost data for two levels of monthly...
Cardiv Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product.      Production volume 6,400 units 7,400 units   Direct materials $76.90 per unit $76.90 per unit   Direct labor $53.20 per unit $53.20 per unit   Manufacturing overhead $79.30 per unit $72.30 per unit    The best estimate of the total cost to manufacture 6,900 units is closest to: (Do not round intermediate calculations.) $1,436,840 $1,425,665 $1,387,670 $1,418,960
Socrates Corporation produces and sells a single product. Data concerning that product appear below: Per Unit...
Socrates Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price $ 140 100 % Variable expenses 56 40 % Contribution margin $ 84 60 % The company is currently selling 6,000 units per month. Fixed expenses are $202,000 per month. The marketing manager believes that a $7,200 increase in the monthly advertising budget would result in a 140 unit increase in monthly sales. What should be the overall effect...
Babuca Corporation has provided the following production and total cost data for two levels of monthly...
Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product. Production volume 10,000 units 12,000 units Direct materials $ 614,000 $ 736,800 Direct labor $ 185,000 $ 222,000 Manufacturing overhead $ 1,008,300 $ 1,042,500 The best estimate of the total cost to manufacture 10,800 units is closest to
UX Corporation sells a single product for $40. Its management estimates the following revenues and costs...
UX Corporation sells a single product for $40. Its management estimates the following revenues and costs for the year 2020: Net sales $388,000 Selling expenses—variable $21,100 Direct materials 85,400 Selling expenses—fixed 20,100 Direct labour 56,400 Administrative expenses—variable 9,400 Manufacturing overhead—variable 21,700 Administrative expenses—fixed 9,800 Manufacturing overhead—fixed 9,700 a)Assuming fixed costs and net sales are spread evenly throughout the year, determine YUX’s monthly break-even point in units and dollars b) Calculate the contribution margin ratio, the annual margin of safety ratio,...
Nice Corporation produces and sells a single product. Data concerning that product appear below: Per Unit...
Nice Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price $ 260 100 % Variable expenses 65 25 % Contribution margin $ 195 75 % Fixed expenses are $180,000 per month. The company is currently selling 1,300 units per month. Required: Management is considering using a new component that would increase the unit variable cost by $54. Since the new component would improve the company's product, the marketing manager...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT