Was Maltbee's summer work successful? Give the reason for your answer. What are the steps in the accounting cycle?
3 answers
I have no idea what Maltbee did last summer.
Ignore my previous comment. I see that Maltbee's summer activities are listed in your second post.
Palmer Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data.
Pairs of
Shoes
Pairs of
Gloves
Range-
Finder
Unit sales price $103 $32 $243
Unit variable costs 59 10 204
Unit contribution margin $44 $22 $39
Sales mix 39 % 41 % 20 %
Fixed costs are $618,436.
A) Calculate weighted-average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.)
Pairs of
Shoes
Pairs of
Gloves
Range-
Finder
Unit sales price $103 $32 $243
Unit variable costs 59 10 204
Unit contribution margin $44 $22 $39
Sales mix 39 % 41 % 20 %
Fixed costs are $618,436.
A) Calculate weighted-average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.)
1 answer