Assume a company sells a given product for $85 per unit. How many units must be sold
Question:
Assume a company sells a given product for $85 per unit. How many units must be sold to break even if variable selling costs are $27 per unit, variable production costs are $23 per unit, and total fixed costs are $700,000?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
Total fixed costs 700000 C...View the full answer
Answered By
Aqib Parvej
I am teaching since my graduation time so I have teaching experience of about 5 years and in these years I learn to teach in the best and interesting way .
4.80+
20+ Reviews
41+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Bellbird Ltd developed the following information regarding its product: Sales Price $95/Unit Variable Costs $67/Unit Contribution Margin $28/Unit Total Fixed Costs $1,325,000 Required: Answer the...
-
The 2012 pro-forma income statement for Grover Company is as follows (ignore taxes): Required: 1. Compute how many units must be sold to break even. 2. Compute the increase (decrease) in profit under...
-
Ocean Company sells a product with a contribution margin ratio of 80%. Fixed costs are $2,800 per month. What amount of sales (in dollars) must Ocean Company have to break even? If each unit sells...
-
What are the uses of performance appraisal?
-
It is now December 31, 2008 (t = 0), and a jury just found in favor of a woman who sued the city for injuries sustained in a January 2007 accident. She requested recovery of lost wages plus $100,000...
-
Two small spheres (point charges) separated by 0.60 m carry a total charge of 200C. (a) If the two spheres repel each other with a force of 80 N, what are the charges on each of the two spheres? (b)...
-
Identify two sources for bond ratings, and explain what a bond rating tells you about a bond.
-
Diane Corporation is preparing its 2012 balance sheet. The company records show the following selected amounts at the end of the accounting period, December 31, 2012: Total assets ...............
-
Case 2. The big day Juliana and Victor decided on their big day and wanted to have a wedding reception that everyone would remember. They had decided on a 'Pirates of the Caribbean' theme for the...
-
Trumball Catering served 4,000 meals last month. Trumball recorded the following costs with those meals: Required Unit variable costs and total fixed costs are expected to remain unchanged next...
-
A company reports the following information about its sales and its cost of sales. Each unit of its product sells for $500. Use these data to prepare a scatter diagram. Draw an estimated line of cost...
-
A recent annual report for McDonald's reports the following operating income for its United States and APMEA (Asia-Pacific, Middle East, and Africa) geographic segments: In $ millions 2011 2010 2009...
-
Which of the following is a solution to the equation x 2 + 25x = 0? A. 50 B. 25 C. 5 D. 5 E. 25
-
SHORT ANSWER QUESTIONS (Enter your answers on the ANSWER SHEET). 7) Briefly explain what is the Payback period. 4pts 4pts 8) Briefly explain what is an Opportunity Cost. 9) Should you always refuse...
-
Find the curvature of the curve (t) = (-1-5 cost, - 4,3 +5 sin t) at the point t 7 = . 12
-
Define: T: PR by What is the kernel of 7? T(P) = p(x)dx.
-
Emily is buying a new table for $1700. The dealer is charging her an annual interest rate of 10.7%. If she pays off the loan in 36 months, what are her monthly payments? If she makes a down payment...
-
Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of...
-
The area codes (such as 617) of the telephone numbers of survey subjects. Qualitative versus Quantitative Data. In Exercises, determine whether the data described are qualitative or quantitative,and...
-
Question 6.10 Current and deferred tax worksheets and tax entries From the hip Ltd?s statement of profit or loss for the year ended 30 June 2007 and extracts from its statements of financial position...
-
For each of the following types of indirect expenses and service department expenses, identify one allocation basis that could be used to distribute it to the departments indicated. 1. Computer...
-
For each of the following types of indirect expenses and service department expenses, identify one allocation basis that could be used to distribute it to the departments indicated. 1. Computer...
-
Macee Department Store has three departments, and it conducts advertising campaigns that benefit all departments. Advertising costs are $100,000 this year, and departmental sales for this year...
-
MULTIPLE CHOICE Relevant Course: Small Business Market-Market Research It is suggested that Agent Chris Johnston follow/connect with potential small businesses on social media. Yes, so that they can...
-
< There are 27 chocolates in a box, all identically shaped. There 5 are filled with nuts, 10 with caramel, and 12 are solid chocolate. You randomly select one piece, eat it, and then select a second...
-
A flat metal plate is mounted on a coordinate plane. The temperature of the plate, in degrees Fahrenheit, at point (x,y) is given by x +3y-6x+18y. Find the minimum temperature and where it occurs. Is...
Study smarter with the SolutionInn App