The hf corporation manufactures and sells toy gyroscopes. the following data is related to sales and production of the toy gyroscopes for last year. selling price per unit $ 8.00 variable manufacturing costs per unit $ 1.83 variable selling and administrative expenses per unit $ 4.45 fixed manufacturing overhead (in total) $ 75,000 fixed selling and administrative expenses (in total) $ 80,000 units produced during the year 500,000 units sold during the year 150,000 using variable costing, what is the contribution margin for last year?
a. $2,142,000
b. $1,200,000
c. $258,000
d. $274,500

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:

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