Intricate Computer Solutions provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 300 customers and earned $70,000 in revenue. The individual business segment provided services to 300 customers and earned $40,000 in revenue. The variable costs for the corporate and individual business segments amounted to $33,000 and $25,100, respectively. In addition, the fixed costs of the company amounted to $8000. Calculate the contribution margin from each corporate customer. (Round your answer to the nearest cent.)
ANSWER ALL 3 QUESTIONS!!
45.
Intricate Computer Solutions provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 300 customers and earned $70,000 in revenue. The individual business segment provided services to 300 customers and earned $40,000 in revenue. The variable costs for the corporate and individual business segments amounted to $33,000 and $25,100, respectively. In addition, the fixed costs of the company amounted to $8000. Calculate the contribution margin from each corporate customer. (Round your answer to the nearest cent.)
|
$49.97 |
||
|
$96.67 |
||
|
$23.00 |
||
|
$123.33 |
39.
Iagan, Inc. has collected the following data. (There are no beginning inventories.)
|
Units produced |
600 |
units |
|
Sales price |
$120 |
per unit |
|
Direct materials |
$30 |
per unit |
|
Direct labor |
$10 |
per unit |
|
Variable manufacturing |
$7 |
per unit |
|
Fixed manufacturing overhead |
$17,900 |
per year |
|
Variable selling and administrative costs |
$4 |
per unit |
|
Fixed selling and administrative costs |
$10,600 |
per year |
What is the ending balance in Finished Goods Inventory using variable costing if 500 units are sold?
|
$4,000 |
||
|
$4,700 |
||
|
$1,700 |
||
|
$3,000 |
38.
Unit product cost calculations using absorption costing do NOT include ________.
|
fixed manufacturing overhead |
||
|
variable manufacturing overhead |
||
|
variable selling and administrative costs |
||
|
direct materials |
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