A Company Plans To Sell 12 300 Units Next Month At A Selling Price Of 110 Per Unit It Also Gathered The Following Cost 1 (17.54 KiB) Viewed 37 times
A Company Plans To Sell 12 300 Units Next Month At A Selling Price Of 110 Per Unit It Also Gathered The Following Cost 2 (33.25 KiB) Viewed 37 times
A company plans to sell 12.300 units next month at a selling price of $110 per unit. It also gathered the following cost estimates for next month: Cost Cost Formula Cost of goods sold $60 per unit sold Advertising expense $150,000 per month Depreciation expense $70,000 per month Shipping expense $100,000 per month + $10 per unit sold Administrative salaries $50,000 per month Sales commissions 5% of sales Insurance expense $15,000 per month What is the estimated total contribution margin for next month?
Multiple Choice $424,350 $615,000 $324,350 $465,000
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!