Ivey Inc. sells a product for $100 per unit. The variable cost is $75 per unit, and
Question:
Ivey Inc. sells a product for $100 per unit. The variable cost is $75 per unit, and fixed costs are $30,000. Determine
(a) The break-even point in sales units
(b) The break-even point in sales units if the company desires a target profit of $10,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
a 1200 units ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Elrod Inc. sells a product for $ 75 per unit. The variable cost is $ 45 per unit, while fixed costs are $ 48,000. Determine (a) The break-even point in sales units (b) The break-even point if the...
-
Calderon Inc. sells a product for $ 80 per unit. The variable cost is $ 55 per unit, and fixed costs are $ 25,000. Determine (a) The break-even point in sales units (b) The break-even point in sales...
-
Steward Inc. sells a product for $40 per unit. The variable cost is $30 per unit, and fixed costs are $15,000. Determine (a) The break-even point in sales units and (b) The breakeven point in sales...
-
In your opinion, which companies (healthcare or non-healthcare related) provide superior customer service? Which companies provide average or mediocre customer service? Name the factors most...
-
At the beginning of 2018, Terra Lumber Company purchased a timber tract from Boise Cantor for $3,200,000. After the timber is cleared, the land will have a residual value of $600,000. Roads to enable...
-
Form into small groups in the class to discuss the future of Internet publishing. On March 14, 2000, Stephen King, the horror writer, published his new book, Riding the Bullet, on the Internet before...
-
4. Should the project members approach Ivana about her management style? If so, how?
-
The Plant Department of the local telephone company purchased four special pole hole diggers 8 years ago for $14,000 each. They have been in constant use to the present. Owing to an increased...
-
A construction company based has been awarded a contract concrete seats for the new stadium located in South Africa. The companys CEO appoints a production manager with a salary of R100 000 per...
-
Flex Motors shows the following account balances on March 31, 2010. Cash ..............................................................$ 16,450 Accounts payable...
-
Hofstra Company sells a product for $120 per unit. The variable cost is $100 per unit, and fixed costs are $120,000. Determine (a) The break-even point in sales units (b) The break-even point in...
-
Crane Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: a....
-
Four projects must be completed, and each of four employees will be assigned to work on exactly one of the four projects. The table below presents an estimate of the cost that each employee would...
-
In the exchange lemma for the scheduling problem, we say that the first event to finish a* in a given time period [i,j] is always part of the optimal solution for that same time period. To argue...
-
4 10 points Company's year-end is December 31. Calculate depreciation for each year of the machine's estimated useful life under each of the following methods: (Do not round intermediate...
-
3. The walls of an oven are made from steel sheets with insulating board between them of thermal conductivity 0.18 J m-1 s -1 C-1 . If the maximum internal temperature in the oven is 300C and the...
-
Egyptian Spa produces two different spa products: Relax and Refresh. The company uses three operations to manufacture the products: mixing, blending, and packaging. Because of the materials used,...
-
Part A At a given instant A has the motion shown in (Figure 1). Determine the acceleration of B at this instant. Express your answer in feet per second squared to three significant figures. Enter...
-
In Exercises use a graphing utility to graph the functions and g in the same viewing window, where Label the graphs and describe the relationship between them. g(x) = f(x + 0.01) f (x) 0.01
-
For the given transfer function: Vo(s) / Vi(s) = (s^2C^2R^2 + 1) / (s^2C^2R^2 + 4sCR + 1) Assumiing that 1/(CR) = 120 PI so write the matlab code to find the magnitude plot
-
What are the major limitations of ABC?
-
Brown Inc. manufactures and distributes two types of household items. The items, Mops and Dusters, are manufactured on a common assembly line by the same direct labourers. Different direct materials...
-
Manson Co. produces two products?Model S and Model T?and allocates its fixed manufacturing costs using a predetermined overhead rate based on estimated total overhead for the year and estimated...
-
Glencove Company makes one model of radar gun used by law enforcement officers. All direct materials are added at the beginning of the manufacturing process. Information for the month of September...
-
Larren Buffett is concerned after receiving her weekly paycheck. She believes that her deductions for Social Security, Medicare, and Federal Income Tax withholding (FIT) may be incorrect. Larren is...
-
The major justification for adding Step 0 to the U.S. GAAP impairment test for goodwill and indefinite lived intangibles is that it: A. Saves money spent estimating fair values B. Results in more...
Study smarter with the SolutionInn App