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A company sells small motors as a component part to automobiles. The Model 101 motor sells for $850 and has per-unit variable costs of$400 associated with its production. The company has fixed expenses of $90,000 per month. In August, the company sold 425 of the Model 101 motors. C. Prepare a contribution margin income statement for the month of August.
The average number of minutes Americans commute to work is 27.7 minutes (Sterling's Best Places, April 13, 2012). The average commute times in minutes for 48 cities are as follows:
Albuquerque Atlanta Austin Baltimore Boston Charlotte Chicago Cincinnati Cleveland Columbus Dallas Denver Detroit El Paso Fresno Indianapolis 23.328.324.632.131.725.838.124.926.823.428.528.129.324.423.024.8 Jacksonville Kansas City Las Vegas Little Rock Los Angeles Louisville Memphis Miami Milwaukee Minneapolis Nashville New Orleans New York Oklahoma City Orlando Philadelphia 26.223.428.4126.96.36.1993.830.724.823.625.331.743.822.027.134.2 Phoenix Pittsburgh Portland Providence Richmond Sacramento Salt Lake City San Antonio San Diego San Francisco San Jose Seattle St. Louis Tucson Tulsa Washington, DC 28.325.026.423.623.425.8188.8.131.522.628.527.326.824.020.132.8
c. Compute the mode.