This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: During the past year, Pettay Enterprises had the following fixed costs:Fixed manufacturing costs ... (Read 106 times)

amal

  • Hero Member
  • *****
  • Posts: 572
on: Jan 5, 2020
During the past year, Pettay Enterprises had the following fixed costs:

Fixed manufacturing costs $112,000
Fixed marketing costs $43,000
Fixed administrative costs $18,000

The company also had the following variable costs:

Variable manufacturing costs $142,000
Variable marketing costs $37,000
Variable administrative costs $28,000

During the year, the company produced and sold 60,000 units of the product at a selling price of $7.00 per unit.  The company had no inventory at the beginning of the year.

Required:  Prepare a contribution margin income statement for the year.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by amal on Jan 5, 2020

Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 45% of students answer this correctly


amal

  • Member
  • Posts: 572
Reply 2 on: Jan 5, 2020
:D TYSM

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Fossils Give Us a View of Past Life Fossils Give Us a View of Past Life
Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
A 5,000-year-old Egyptian garment A 5,000-year-old Egyptian garment
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
The year 2010 was the hottest since 1880 The year 2010 was the hottest since 1880
Benefits and costs of herbicide applications Benefits and costs of herbicide applications
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library