Business, 08.03.2021 22:00, romanbattistelli23
Stuart Manufacturing produces metal picture frames. The company's income statements for the last two years are given below: Last year This year Units sold 50,000 70,000 Sales $800,000 $1,120,000 Cost of goods sold 550,000 710,000 Gross margin 250,000 410,000 Selling and administrative expense 150,000 190,000 Net operating income $100,000 $ 220,000 The company has no beginning or ending inventories. Required: a. Estimate the company's total variable cost per unit and its total fixed costs per year. (Remember that this is a manufacturing firm.) b. Compute the company's contribution margin for this year.
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Stuart Manufacturing produces metal picture frames. The company's income statements for the last two...
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