Carver Corporation produces a product which sells for $40. Variable manufacturing costs are $18 per unit. Fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit. A selling commission of 15% of the selling price is paid on each unit sold. The contribution margin per unit is:
A. $22
B. $17
C. $7
D. $16
Answer: D
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Briefly explain three types of task roles and three types of relationship roles that help teams share leadership responsibility.
What will be an ideal response?
The residual theory of dividends suggests that the dividend paid by a firm should be viewed as a residual, the amount left over after all acceptable investment opportunities have been undertaken
Indicate whether the statement is true or false
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend payment is:
A) Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000. B) Debit Common Dividends Payable $4,000; credit Cash $4,000. C) Debit Retained Earnings $4,500; credit Common Dividends Payable $4,500. D) Debit Common Dividends Payable $4,500; credit Cash $4,500. E) Debit Retained Earnings $10,000; credit Common Dividends Payable $10,000.
Which of the following statements regarding order getters is most accurate?
A. Order getter sales calls traditionally require the lowest financial investment from the firm. B. Order getters often replenish a retailer's inventories. C. Order getters require considerable product knowledge. D. Order getters typically process reorders for products already sold by the company. E. Order getters handle orders obtained on inbound telemarketing.