Managerial Accounting

15th Edition

ISBN: 9781337912020

Author: Carl Warren, Ph.d. Cma William B. Tayler

Publisher: South-Western College Pub

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Given a profit margin = 15%,

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A product has a sales price of $250 and a per-unit contribution margin of $75. What is the contribution margin ratio?

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Group of answer choices
$900,000
$300,000
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if sales revenue is $35,000, fixed cost is $5,000, and net operation income is $10,000, what is the contribution margin?

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The total revenue function for a product is given by
R=805 x dollars, and the total cost function for this same product is given by
c=24500+70x+x square,
where C is measured in dollars. For both functions, the input x is the number of units produced and sold.
a. Form the profit function for this product from the two given functions.
b. What is the profit when 26 units are produced and sold?
c. What is the profit when 40 units are produced and sold?
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