Casey, Inc. sold 11,000 units last year for $20 each. Variab…
Casey, Inc. sold 11,000 units last year for $20 each. Variable costs per unit were $4 for direct materials, $1.50 for direct labor, and $2.50 for variable overhead. Fixed costs were $60,000 in manufacturing overhead and $40,000 in nonmanufacturing costs. A1. What is the total contribution margin? B2. What is the unit contribution margin? C3. What is the contribution margin ratio? D4. If sales increase by 2,000 units, by how much will profits increase? Please ($) and (,) in front A1, B2, and D4. Place (%) in C3
Read DetailsJefferson, Incorporated, produces two products (Product 5 an…
Jefferson, Incorporated, produces two products (Product 5 and Product Z) using two activities: Machining, which uses machine hours as the cost driver, and Inspection, which uses the number of batches as the cost driver. The cost of Machining is $176,400, while the cost of Inspection is $33,150. The products have the following activity demands: Product 5 Product Z Total Machine hours 1,764 3,136 4,900 Number of batches 46 19 65 What proportion of the Machining activity is used by Product 5?
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