Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. martin company currently produces and sells 40000

Martin company currently produces and sells 40000 units of product at a selling price of...

50.1K

Verified Solution

Question

Accounting

Martin company currently produces and sells 40000 units of product at a selling price of $12 the product has a variable cost of $6 per unit and the fixed cost of 150000 the company currently earns a total contribution margin of

contribution margin =(sales -variable cost) $12-$6=$640,000 units =$240,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Which of these is an EPA partnership with food retailers to reduce refrigerant emissions and...

Physics
1.2K views

A 80.0 cm3 box contains helium at a pressure of 2.50 atm and a temperature of...

General Management
1.2K views

How can you apply Maslow’s hierarchy of needs to the way you advertise a product or...

Geometry
1.2K views

Solve the following system of equations by graphing y 2x 6 y x 1

Statistics
1.2K views

The figure below is from the Centers for Disease Control and Prevention Which statement correctly...

Calculus
1.2K views

When sketching the graph of y A tan Bx C D which of the following...

Algebra
1.2K views

write an algebraic expression 1 a number plus 7 X minus 14 3 le times...

Accounting
1.2K views

(10 Marks) Your client is a sole trader consulting business operated by the owner with...

Accounting
1.2K views

Best Ever, Inc. reports the following amounts for the first quarter of 2020. ...

Accounting
1.2K views

Lucla Company has set the following standard cost per unit for direct materials and direct...

Finance
1.2K views

III. Queen Spice Company is a business that sells high quality spices both online and...

Finance
1.2K views

Coupon payments are fixed, but the percentage return that investors receive varies based on market...