decreased. | 5. | Sales are $500‚000 and variable costs are $350‚000. What is the contribution margin ratio? | A) | 43%. | B) | 30%. | C) | 70%. | D) | Cannot be determined because amounts are not expressed per unit. | 6. | Barcelona Bagpipes produces two models: Model 24 has sales of 500 units with a contribution margin of $40 each; Model 26 has sales of 350 units with a contribution margin
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Book Review of “Time Management for Teachers” by Ian Nelson Design &Format: Time Management for Teachers by Ian Nelson was published in 1995 by Routledge publishers. It is a very handy book for teachers and administrators. It describes in a very precise manner that increased administrative duties‚ tests‚ exams‚ marking‚ etc. have brought teachers under great pressure. Therefore‚ in a limited time a teacher is supposed to do a lot of tasks. For this purpose‚ the teacher must know how to manage
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CHAPTER 12 PRICING DECISIONS AND COST MANAGEMENT 12-1 The three major influences on pricing decisions are 1. Customers 2. Competitors 3. Costs 12-2 Not necessarily. For a one-time-only special order‚ the relevant costs are only those costs that will change as a result of accepting the order. In this case‚ full product costs will rarely be relevant. It is more likely that full product costs will be relevant costs for long-run pricing decisions. 12-3 Two examples of pricing decisions with
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Ian Brown compels readers with his memoir of the challenges and rewards that come with raising a child with (dis)abilities. Brown provides evidence into the ramifications of ableism and the negative socio-cultural construction of (dis) ability‚ on top of‚ the inadequate support available. The compounding oppressions after exposure for an extended period create damaging psychological effects (Mullaly‚ 2007). Many of the economic‚ political‚ and social barriers the Brown’s encounter are due to ableism
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When brothers Shep and Ian Murray quit good jobs in New York City to start a business with an idea they had hatched a year ago‚ their family and friends thought that they were crazy. Both were in their 20’s and unhappy at work‚ yet few people in similar situations were ditching good paying jobs to start selling neck ties. Looking back‚ both brothers see their peers‚ now in their 30’s and 40’s who are stuck working at corporate jobs that they don’t enjoy just to pay their bills. Mortgages and other
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Direct materials = $52‚000 3. The Lyons Company’s cost of goods manufactured was $120‚000 when its sales were $360‚000 and its gross margin was $220‚000. If the ending inventory of finished goods was $30‚000‚ the beginning inventory of finished goods must have been: A. $150‚000 B. $20‚000 C. $50‚000 D. $110‚000 Cost of goods sold = Sales - Gross margin Cost of goods sold = $360‚000 - $220‚000 Cost of goods sold = $140‚000 4. Last month a manufacturing company had the following
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for $121.90 per unit. According to the activity-based costing system‚ the product margin for product P23F is: A. $9‚223.20 B. $7‚853.60 C. $5‚401.60 D. $22‚950.00 4. Kraska Corporation has provided the following data from its activity-based costing system: Data concerning one of the company ’s products‚ Product O11W‚ appear below: According to the activity-based costing system‚ the product margin for product O11W is: A. $4‚651.80 B. $1‚688.10 C. $17‚934.00 D. $3‚956.10
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Questions 1. Does offering covered bonds hold the answer to credit rationing (credit crunch) in a financial crisis or does it just offer banks the opportunity to increase their margin? Discuss critically. (25%) In 2008‚ due to the global financial crisis took place in America‚ which made a bad influence all over the world in term of the financial market‚ banks decided to improve lending standards by providing higher interest rate than the market interest rate conditions for loans‚ which leads
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What is contribution margin? In cost-volume-profit analysis of managerial accounting contribution margin is a very concept. The evaluation of contribution margin for any product is quite easy yet its usage is wide and when applied with various other metrics of CVP analysis such as PV Ratio‚ Break Even Point‚ variable cost‚ fixed cost‚ etc it helps to take major production decisions relating to volume of production and sales‚ and profitability of such levels of sales or production. Step 1:
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All of these. 2. The break-even point is that level of activity where: A. total revenue equals total cost. B. variable cost equals fixed cost. C. total contribution margin equals the sum of variable cost plus fixed cost. D. sales revenue equals total variable cost. E. profit is greater than zero. 3. The unit contribution margin is calculated as the difference between: A. selling price and fixed cost per unit. B. selling price and variable cost per unit. C. selling price and product cost per unit
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