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Category > Accounting Posted 23 Apr 2017 My Price 3.00

Determining variable cost from incomplete data

 

Determining variable cost from incomplete data

Sohail Corporation produced 80,000 tires and sold them for $100 each during 2011. The company determined that fixed manufacturing cost per unit was $25 per tire. The company reported gross profit of $1,440,000 on its 2011 financial statements.

Required

Determine the variable cost per unit, the total variable cost, and the total contribution margin.

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 23 Apr 2017 04:04 PM My Price 3.00

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Attachments

file 1492965060-1243144_1_636283924220394778_1243144.xlsx preview (91 words )
So-----------hai-----------l C-----------orp-----------ora-----------tio-----------n p-----------rod-----------uce-----------d 8-----------0,0-----------00 -----------tir-----------es -----------and----------- so-----------ld -----------the-----------m f-----------or -----------$10-----------0 e-----------ach----------- du-----------rin-----------g 2-----------011-----------. T-----------he -----------com-----------pan-----------y d-----------ete-----------rmi-----------ned----------- th-----------at -----------fix-----------ed -----------man-----------ufa-----------ctu-----------rin-----------g c-----------ost----------- pe-----------r u-----------nit----------- wa-----------s $-----------25 -----------per----------- t-----------ire-----------. T-----------he -----------com-----------pan-----------y r-----------epo-----------rte-----------d g-----------ros-----------s p-----------rof-----------it -----------of -----------$1,-----------440-----------,00-----------0 o-----------n i-----------ts -----------201-----------1 f-----------ina-----------nci-----------al -----------sta-----------tem-----------ent-----------s.Â----------- Re-----------qui-----------red-----------Det-----------erm-----------ine----------- th-----------e v-----------ari-----------abl-----------e c-----------ost----------- pe-----------r u-----------nit-----------, t-----------he -----------tot-----------al -----------var-----------iab-----------le -----------cos-----------t, -----------and----------- th-----------e t-----------ota-----------l c-----------ont-----------rib-----------uti-----------on -----------mar-----------gin-----------. -----------Par-----------tic-----------ula-----------rsA-----------mou-----------ntS-----------ale-----------s R-----------eve-----------nue----------- (8-----------000-----------0*1-----------00)-----------Les-----------s G-----------ros-----------s M-----------arg-----------inC-----------ost----------- of----------- Go-----------ods----------- So-----------ld
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