ABC, Inc., a merchandising company, reported sales of 5,000 units in June at a selling price of $50 per unit. Cost of goods sold, was $30 per unit. Variable selling expenses were $8 per unit and variable administrative expenses were $2 per unit. The total fixed selling expenses were $2,000 and the total administrative expenses were $8,000. The contribution margin for June was:
ABC, Inc., a merchandising company, reported sales of 5,000 units in June at a selling price of $50 per unit. Cost of goods sold, was $30 per unit. Variable selling expenses were $8 per unit and variable administrative expenses were $2 per unit. The total fixed selling expenses were $2,000 and the total administrative expenses were $8,000. The contribution margin for June was:
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 24E: Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual...
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ABC, Inc., a merchandising company, reported sales of 5,000 units in June at a selling price of $50 per unit. Cost of goods sold, was $30 per unit. Variable selling expenses were $8 per unit and variable administrative expenses were $2 per unit. The total fixed selling expenses were $2,000 and the total administrative expenses were $8,000.
The contribution margin for June was:
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