Intricate Computer Solutions Provides Services to Corporate and Individual Customers

question 125

Multiple Choice

Intricate Computer Solutions provides services to corporate and individual customers.During the month of June,the corporate business segment provided services to 300 customers and earned $70,000 in revenue.The individual business segment provided services to 300 customers and earned $40,000 in revenue.The variable costs for the corporate and individual business segments amounted to $33,000 and $25,100,respectively.In addition,the fixed costs of the company amounted to $8000.Calculate the contribution margin from each corporate customer.(Round your answer to the nearest cent.)

• A)$49.67
• B)$96.67
• C)$23.00
• D)$123.33

Become proficient in preparing comprehensive budgets, including sales, production, and raw materials budgets.

Understand the concept and calculations involved in preparing a direct labor budget.

Analyze and calculate net operating income based on various budgeted information.

Determine the required budgeted purchases of raw materials based on production needs and inventory policy.

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Definitions:

Neurons

Specialized cells in the nervous system that transmit information through electrical and chemical signals.

Negative Feedback System

A regulatory mechanism in which a change in a system's output acts to stabilize or reduce further change.

Positive Feedback System

A system in which a change in some steady state triggers a response that intensifies the changing condition. Compare with negative feedback system.

Set Point

A theory suggesting that the body regulates physiological functions, such as temperature or weight, around a specific homeostasis level or 'set point'.