Bikes Manufacturing produces and sells children's bikes at an average price of $80. Its costs are as follows: direct mat
Posted: Tue Jul 05, 2022 11:48 am
- Bikes Manufacturing Produces And Sells Children S Bikes At An Average Price Of 80 Its Costs Are As Follows Direct Mat 1 (36.5 KiB) Viewed 13 times
Bikes Manufacturing produces and sells children's bikes at an average price of $80. Its costs are as follows: direct materials, $14; direct labour, $9; variable overhead, $4; sales commission, 5% of price. Its fixed monthly costs are $38,000. Required: 1. Using the above cost data, set up a monthly cost equation. Y = X 2. What is the company's contribution margin percentage? (Round your answer to 2 decimal places.) Contribution margin %