Business, 30.07.2020 04:01 lewismichelle11

Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 3.7 pounds of the material, S5 uses 3.4 pounds of the material, and G9 uses 6.1 pounds of the material. Demand for all products is strong, but only 44,500 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. K1 S5 G9
Selling price $155.8 $108.92 $205.55
Variable costs 91.00 90.00 136.00

Required:
Calculate the contribution margin per pound for each of the three products.

Answers: 2

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Answers

Answer from: connorgking

K1 S5 G9

$ $ $

Contribution per pound 17.51 5.11 17.99

Explanation:

Contribution is he excess of selling price over variable cost. The following relationships would help in solving the question:

The contribution per Selling price - variable cost

The contribution per pound of a material = Contribution per unit/ Material per unit

K1 S5 G9

$ $ $

Selling price 155.8 108.92 202.55

Variable cost (91.00) ( 90.00) (136.00)

Contribution per unit 64.8 18.92 66.55

Material per unit 3.7 3.4 6.1

Contribution per pound 17.51 5.11 17.99

Answer from: Quest

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.

Answer from: Quest

An industry is a particular form or branch of economic or commercial activity.

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Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct...