Tirri Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.00 Direct labor $ 4.10 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 23,400 Sales commissions $ 1.10 Variable administrative expense $ 0.80 Fixed selling and administrative expense $ 7,800 If the selling price is $27.10 per unit, the contribution margin per unit sold is closest to:

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is

The recognition of which of the following expenses exemplifies the application of matching expenses with the revenues they produced? multiple choice(a) cost of goods sold. (b) advertising.(c) president's salary.(d) research and development.