Compute the company’s total contribution margin for May.

The Central Valley Company is a merchandising firm that sells a single product. The company’s revenues and expenses for the last three months are given below:
Central Valley Company
Comparative Income Statement
For the Second Quarter
April May June
Sales in units ……………………. 4,500 5,250 6,000
Sales revenue ……………… $630,000 $735,000 $840,000
Less cost of goods sold …… $252,000 294,000 336,000
Gross Margin ………………. $378,000 441,000 504,000
Less operating expenses:
Expense A ………………………..56,000 63,500 71,000
Expense B ………………………..70,000 70,000 70,000
Expense C ………………………..143,000 161,750 180,500
Expense D ………………………..9,000 9,000 9,000
Expense E ………………………..42,000 42,000 42,000
Total operating expenses 320,000 346,250 372,500
Net income……………………….$58,000 $94,750 $131,500
Required:
a. Determine which expenses are mixed and, by use of the high-low method, separate each mixed expense into its variable and fixed components. State the cost formula for each mixed expense.
b. Compute the company’s total contribution margin for May.

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency

Order your essay today and save 10% with the discount code tCPCOVID10