d. $13.00 Explanation: The contribution margin formula is determined by subtracting variable costs from the selling price. Here, the sales price is $25 per unit while the variable costs consist of: Direct materials: $6.20, Direct labor: $2.80, variable overhead: $1.45, sales commissions: $1.00, and administrative variable expense: $0.55 totaling a variable cost of $12.00 per unit. Thus, $25 selling price per unit minus $12 variable cost per unit equals $13 contribution margin per unit, the amount each unit contributes to cover fixed costs and generate profit during the period.
Factors of production are inputs utilized to create goods or commodities. They include resources necessary for a business to generate profit by manufacturing products, categorized into four types: land, labor, capital, and entrepreneurship.
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Explanation:
Answer: 12750
Explanation:
According to the information provided, Jake’s Cabins is a modest motel chain located close to the national parks in Utah, Wyoming, and Montana, and the recorded data for guest nights in June is as follows:
4400, 3600, 2250, 2400, and 100.
To calculate the total guest nights for June, we will sum these amounts. This calculation results in:
= 4400 + 3600 + 2250 + 2400 + 100
= 12750
Thus, the total guest nights for June amount to 12750
