Managerial Accounting questions and answers in November 2022
. Regular Model Deluxe Model Total Sales $12,000,000 $10,880,000 $22,880,000 Less: Variable costs 7,200,000 6,528,000 13,728,000 Contribution margin $4,800,000 $4,352,000 $9,152,000 Less: Direct fix... . 2020 2019 Assets Current assets Cash $398,000 $417,450 Accounts receivable, net 1,099,000 776,450 Inventory 746,000 681,000 Other current assets 381,350 247,000 Total current assets 2,624,350 2,12...