A firm sells its product for $10 per unit and has variable costs of S6 per unit.

Question:

A firm sells its product for $10 per unit and has variable costs of S6 per unit. Its fixed costs for the year are:

What is the break-even point?

A. 10,000 units

B. 16,667 units

C. 17,500 units

D. 25,000 units.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

See More Books

Question Posted: Sep 17, 2021 01:45 AM

See More Questions

A firm sells its product for $30 per unit. Its direct material costs are $6 per unit and direct labour costs are $4. Manufacturing overhead costs are $40,000 per period and $8 per unit. Calculate the...
The Davis Companys fixed costs for the year are estimated at $200,000. Its product sells for $250. The variable cost per unit is $200. Sales for the coming year are expected to reach $1,250,000. What...
A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm??s total costs are C(Q) = 40 + 8Q + 2Q2.a. How much output should the firm...
8. Describe each of the following types of isomerism (i) geometrical isomerism (2 marks) (ii) solavate isomerism (2 marks) (iii) coordination isomerism (2 amrks)
Summarize the major types of message appeals and source effects. Describe products that are often advertised using the various message appeals.
The stock brokerage firm of Blank, Leibowitz, and Weinberger has analyzed and recommended two stocks to an investors' club of college professors. The professors were interested in factors such as...
A marble is placed near a plane mirror as shown in Figure P24.8. (a) Where will the image be located? (b) How does the image location change as the observer moves closer to the mirror? (c) How does...
Beasley Company makes three types of exercise machines. Data have been accumulated for four possible overhead drivers. Data for these four possible drivers are shown in rows 3 to 7 of the following...
Peabody, Inc., sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July. Budgeted cost of goods sold April May June July...
You should start and save a new Tableau file for each Chapter. Roger Company's files can be downloaded from Connect in Excel format (Click here). For Chapter 5, you will import the Roger Company...
A business provides the following information. What is the total sales revenue needed to break even? A. $2500 B. $7500 C. $10,000 D. $40,000 $ Total fixed costs 10 000 Unit selling price Variable...
A company has sales of $192,000, fixed costs of $40,000 and a contribution/sales ratio of one-third. What are its profits? A. $24,000 B. $50,667 C. $64,000 D. $88,000
What is the expected ground-state electron configuration for each of the following elements? (a) Mercury; (b) Calcium; (c) Polonium; (d) Tin; (e) Tantalum; (f) Iodine.
Gulf Shore Lawn and Garden Maintenance provides two general outdoor services: lawn maintenance and garden maintenance. The company charges customers $18.0 per hour for each type of service, but lawn...
Two level sections of an east highway (G=0) are to be connected. Currently, the two sections of highway are seperated by a 4000-ft (horizontal distance), 2% grade. The westernmost section of highway...
A solution contains 2 x 10-3 moles Ca2+/L and 3 x 10-4 moles Mg2+/L. Given the formation constants for CaEDTA2- and MgEDTA2- of 1010.6 and 108.7, respecively, calculate: 1) Concentration of MgEDTA2-...
The direct material (DM) price variance is $2,650 favorable and the DM usage variance is $3,000 unfavorable. The budgeted amount of DM for each unit of product is 2 lbs. to be purchased at the...
On January 1, 2023, AMI Corporation purchased the non-cash net assets of Oriole Ltd. for $8,399,900. Following is the statement of financial position of Oriole Ltd. from the company's year- end the...
Smallco Ltd, a Canadian-controlled private corporation, earned $300,000 of active business income in 20X9 of which $35,000 was service income from Bigco Ltd. Smallco is owned 60% by individual A and...
A researcher reports a significant two-way between-subjects ANOVA, F(3, 40) = 2.96. State the decision to retain or reject the null hypothesis for this test.
Why would software as a service be an appropriate solution for Fujitsu? Should Fujitsu have built its own CPQ system in-house?
How much did FPX CPQ change the way Fujitsu ran its business?
What management, organization, and technology issues need to be addressed when building a mobile application?
Assume that an investment of $100,000 is expected to grow during the next year by 8% with SD 20%, and that the return is normally distributed. Whats the 5% VaR for the investment? A. $24,898 B....
Simpson Ltd is a small IT company, which has 2 million shares outstanding and a share price of $20 per share. The management of Simpson plans to increase debt and suggests it will generate $3 million...
The following are the information of Chun Equipment Company for Year 2 . ( Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated. ) Salaries...

A firm sells its product for $10 per unit and has variable costs of S6 per unit.

Question:

Factory rent 30 000 Other fixed costs 70.000 %24

Step by Step Answer:

Break even uni...View the full answer

Accounting For Cambridge International AS And A Level

Students also viewed these Business questions