Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a-d please show work Savannah owns a company called Savannah Designs, which makes bracelets with semiprecious stones and sells them at a local market. Savannah
a-d please show work Savannah owns a company called Savannah Designs, which makes bracelets with semiprecious stones and sells them at a local market. Savannah currently sells her bracelets for $175 each. Her variable costs per bracelet are the metal and stones (approximately $80 per bracelet) and packaging ($5 per bracelet). She has total annual fixed costs of $9,000, comprised of $8,500 for space at the market and $500 depreciation on display cases and signage. How many bracelets does Savannah need to sell to break even? 90 bracelets 105 bracelets 95 bracelets 100 bracelets SAVANNAH DESIGNS CVP PROBLEM Savannah owns a company called Savannah Designs, which makes bracelets with semiprecious stones and sells them at a local market. Savannah currently sells her bracelets for $175 each. Her variable costs per bracelet are the metal and stones (approximately $80 per bracelet) and packaging ($5 per bracelet). She has total annual fixed costs of $9,000, comprised of $8,500 for space at the market and $500 depreciation on display cases and signage. What is"breakeven sales dollars" for Savannah Designs? $17,500 $16,625 $175,000 $56,625 SAVANNAH DESIGNS CVP PROBLEM Savannah owns a company called Savannah Designs, which makes bracelets with semiprecious stones and sells them at a local market. Savannah currently sells her bracelets for $175 each. Her variable costs per bracelet are the metal and stones (approximately $80 per bracelet) and packaging ($5 per bracelet). She has total annual fixed costs of $9,000, comprised of $8,500 for space at the market and $500 depreciation on display cases and signage. If Savannah's target profit for the year is $99,000, how many bracelets does she need to sell to reach that target profit? 600 bracelets 1,000 bracelets 1,200 bracelets 800 bracelets SAVANNAH DESIGNS CVP PROBLEM Savannah owns a company called Savannah Designs, which makes bracelets with semiprecious stones and sells them at a local market. Savannah currently sells her bracelets for $175 each. Her variable costs per bracelet are the metal and stones (approximately $80 per bracelet) and packaging ($5 per bracelet). She has total annual fixed costs of $9,000, comprised of $8,500 for space at the market and $500 depreciation on display cases and signage. If Savannah's best guess is that she will sell 1,000 bracelets in the current year, what is her expected profit for the year? $90,000 $81,000 $126,400 $175,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started