Wight Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (4,500 units) $ 180,000 Variable expenses 81,000 Contribution margin 99,000 Fixed expenses 45,000 Net operating income $ 54,000 If the company sells 4,600 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)
Answers
Answer:
$101,200
Explanation:
First, we need to calculate the total contribution margin per unit
Contribution margin per unit = 99,000 ÷ 4,500
Contribution margin = $22 per unit
Then, we will multiply with the units sold to get the budgeted contribution margin
= Units sold × Contribution margin per unit
= 4,600 × $22
= $101,200
Therefore, its total contribution margin should be closest to $101,200
Related Questions
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Answers
Answer:
The correct answer is 56,500 units.
Explanation:
According to the scenario, the computation of the given data are as follows:
Sales for September = 57,000 units
As Beginning and ending inventory should be 50% of following month sales
So, Beginning inventory = 57,000 × 50% = 28,500
And Ending inventory = 56,000 × 50% = 28,000
So, we can calculate the units to be produce in September by using following formula:
Units produce in September = Sales for September + Ending inventory - Beginning inventory
By putting the value, we get
= 57,000 + 28,000 - 28,500
= 56,500 units
Answers
When an investor holds a particular type of bond then the expected income he anticipates receiving is called the annual coupon rate.
The annual coupon rate is calculated as the sum of coupon payments throughout the year divided by the par value.
The annual coupon rate of the bond is 16.22%.
The coupon rate can be estimated as:
The following formula is used:
Given,
- Annual coupon payment = 162.2
- Par value of the bond= $1000
Putting values in equation:
Therefore, 16.22% is the annual coupon rate.
To learn more about coupon rates follow the link:
Answer:
16.22%
Explanation:
To calculate the annual coupon rate, you can use the following formula:
Coupon Rate= (Annual coupon payment/Par value of the bond)* 100%
Annual coupon payment= $1158.91*14%= 162.2
Par value of the bond= $1000
Coupon Rate= (162.2/1000)*100%
Coupon Rate=0.1622*100%
Coupon Rate= 16.22%
The annual coupon rate on this bond is 16.22%
Answers
Answer:
Megan Brink
Brink must wait 6 years to accumulate $10,000 with a present value investment of $6,651.
Explanation:
a) Data and Calculations:
Present value of investment = $6,651
Future value of the investment = $10,000
Interest rate per year = 6%
b) Using an online calculator:
You will need to invest 6.028 periods to reach the future value of $10,000.00.
FV (Future Value) $9,999.99
PV (Present Value) $6,651.00
N (Number of Periods) 6.028
I/Y (Interest Rate) 7.000%
PMT (Periodic Payment) $0.00
Starting Investment $6,651.00
Total Principal $6,651.00
Total Interest $3,348.99
Answers
Answer:
False
Explanation:
Usually distributions reduce a partner's outside basis in a partnership, they are generally not considered income. Since most distributions are not considered income, they do not result in gains for the partner. Some distributions may result in gains, such as certain cash distributions or securities (bonds) distributions. It is uncommon for a gain to result from property being distributed.
Answers
Answer:
a. 162,750 gallons
b. 168,000 gallons
Explanation:
Step 1 Determine the Units of Closing Work In Process Inventory
Units of Closing Work In Process = Beginning inventory units + units Started this month - units Transferred out
= 30,000+180,000-157,500
= 52,500
Step 2 Determine the equivalent units for materials
Note : materials are 10 percent complete in Units of Closing Work In Process
Units of Closing Work In Process ( 52,500 ×10%) = 5,250
Units Transferred out ( 157,500 ×100%) =157,500
Total =162,750
Step 3 Determine the equivalent units for conversion costs
Note : conversion costs are 20 percent complete in Units of Closing Work In Process
Units of Closing Work In Process ( 52,500 ×20%) = 10,500
Units Transferred out ( 157,500 ×100%) =157,500
Total =168,000
Answer:
The equivalent units for conversion costs using the weighted-average method are 168,000
The equivalent units for materials using the weighted-average method are 162,750
Explanation:
onlon Chemicals
Equivalent units can be calculated by the following
Particulars Units % of Completion Equivalent Units
Mat. Con. Costs Materials C. Costs
Transferred out, 157,500 100 100 157,500 157,500
Ending inventory, 52,500 10 20 5250 10,500
Total Equivalent Units 162,750 168,000
Working
Ending Inventory= Opening + Started - Transferred Out
Ending Inventory=30,000 +180,000 -157,500 = 52,500 gallons
The equivalent units are calculated by two ways either by adding ending inventory and transferred out units or by adding beginning inventory with units started.
Answers
Answer:
The slope for the relationship between the price and the quantity of ice cream sold would be of -1/15
Explanation:
In order to calculate the slope for the relationship between the price and the quantity of ice cream sold we would have to calculate the following formula:
Slope= change in yaxis( vertical)/change in xaxis(horizontal)
Slope= change in price/change in quantity demand
Slope=P2-P1/Q2-Q1
Slope=3-4/35-20
Slope=-1/15
The slope for the relationship between the price and the quantity of ice cream sold would be of -1/15