CVP Analysis, Profit Equation [LO 3] Clyde's Marina has estimated that fixed costs per month are $305,040
Question:
CVP Analysis, Profit Equation [LO 3] Clyde's Marina has estimated that fixed costs per month are $305,040 and variable cost per dollar of sales is $0.40.
1. What is the break-even point per month in sales dollars?
2. What level of sales dollars is needed for a monthly profit of $59,340?
3. For the month of July, the marina anticipates sales of $1,010,000. What is the expected level of profit?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 86% (15 reviews)
1 Computation of the Break Even point in month Sales dollars Given information Fixed costs per month ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Clydes Marina has estimated that fixed costs per month are $300,000 and variable cost per dollar of sales is $0.40. Required a. What is the break-even point per month in sales dollars? b. What level...
-
Clydes Marina has estimated that fixed costs per month are $303,300 and variable cost per dollar of sales is $0.40. Required What is the break-even point per month in sales dollars?
-
Clydes Marina has estimated that fixed costs per month are $303,300 and variable cost per dollar of sales is $0.40. Required a. What is the break-even point per month in sales dollars? b. What level...
-
Required A. Calculate Mr. Worthy's minimum employment income for the current year. B. Assume Mr. Worthy had only $4,000 in commission income in addition to his $65,000 salary. Calculate Mr. Worthy's...
-
Describe the audit opinion formulation process. What are the key steps within each of the five phases in the process?
-
Change the given quantity to the quantity indicated. 1,000,000 mg to kilograms.
-
Carvers Inc. manufactures wood statues, which yields sawdust as a by-product. Selling costs associated with the sawdust are \(\$ 250\) per ton sold. The company accounts for sawdust sales by...
-
Identify the order in which the following budgets are prepared. Use the letter to indicate the first budget to be prepared, b for the second, and so on. 1. Production budget 2. Direct labor budget...
-
Question 24 (4 points) Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $8.50. You believe that dividends will grow at a rate of 15.0% per year for...
-
The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $ 25, the overhead rate is 1.0 times labor cost, and...
-
Lee Corp. is looking to introduce a new product with an 80% cumulative learning curve for production batches of 500 units. The variable production and selling costs, all subject to learning, are $20...
-
What is the formula to the problem: A firm purchases an asset falling into the 3-year MACRS category for $78,000. The second year's depreciation expense for this asset would be?
-
One orange juice futures contract is on 15,000 pounds of frozen concentrate. Suppose that in September 2016 a company sells a March 2018 orange juice futures contract for 120 cents per pound. In...
-
Syarikat Terang Benderang merupakan pengeluar pelita yang merupakan produk tunggal Syarikat. Berikut ialah maklumat operasi tahun 2020 bagi produk tersebut. Kos seunit pelita: Bahan langsung = RM18...
-
Question 3 (a) Ann Lee is the portfolio manager of a Singapore based equity fund. She is analysing the value of Union Chemical Bhd which manufactures fertilizers and food additives. The company's...
-
Grouper Company provides you with the following balance sheet information as of December 31, 2025. Current assets $11,500 Current liabilities $12,000 Long-term assets 26,500 Long-term liabilities...
-
If the Atlanta Hawks have consistent yearly profits of $12 million, how much would you be willing to pay for this team, given a 4% interest rate. A) $11,538,462 B) $240,000,000 C) $12,489,729 D)...
-
John William, president of Crane Always, agrees to construct a concrete cart path at Windsor Golf Club. Crane Always enters into a contract with Windsor to construct the path for $212,000. In...
-
Visit https://complete-electronics.com/news/companymerger to view the letter sent by the managing director of Electroustic Ltd. before its merger with Complete Electronics Ltd. Critique the letter in...
-
Why is it necessary to study the diffusion of molecules in biological systems?
-
Predict the time of revolution for two bodies of mass m 1 and m 2 in empty space revolving about each other under their mutual gravitational attraction.
-
Holdaway Company is preparing financial statements for the calendar year 2012. The following totals for each account have been verified as correct: Office Supplies on Hand. . . . . . . . . . . . . ....
-
Use the following information to prepare an income statement for Fairchild Corporation for the year ended December 31, 2012. You should show separate classifications for revenues, cost of goods sold,...
-
Orange County Bank has three employees, Albert Myers, Juan Moreno, and Michi Endo. During January 2012, these three employees earned $6,000, $4,200, and $4,000, respectively. The following table...
-
our firm needs a computerized machine tool lathe which costs $ 6 0 , 0 0 0 and requires $ 1 3 , 0 0 0 in maintenance for each year of its 3 - year life. After three years, this machine will be...
-
Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 7 percent, and that the maximum allowable...
-
"A firm may be allowed to sell shares, however may not be allowed to sell bonds in the market---explain"
Study smarter with the SolutionInn App