FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Brian is considering opening a small factory that makes a single product widgets. Each unit will sell for $80. The variable cost of manufacturing each

Brian is considering opening a small factory that makes a single product widgets. Each unit will sell for $80. The variable cost of manufacturing each unit is $30. Fixed factory overhead costs of $120,000. If the sales are 3,000 units what will be the profit? Calculate the profit and do a CVP Analysis.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management Processes And Supply Chains

Operations Management Processes And Supply Chains

Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman

13th Global Edition

129240986X, 978-1292409863

More Books

Students also viewed these Accounting questions

Question

★★★★★
Find f x (x, y) and f y (x, y). f(x, y) = 2x + 5y 3x + y

Answered: 1 week ago

Question

★★★★★
Does a distribution exist for which Mx(t) = t/( 1 - t), |t| Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
=+a) Do you think the group was using an SRS? Why?

Answered: 1 week ago

Question

★★★★★
1. In mathematics class, ask students to point out all the examples of right angles that they can find in the room.

Answered: 1 week ago

Question

★★★★★
As a jewelry store manager, you want to offer credit, with interest on outstanding balances paid monthly. To carry receivables, you must borrow funds from your bank at a nominal 6%, monthly...

Answered: 1 week ago

Question

★★★★★
The objective of the fixed asset management function is to manage the purchase, depreciation, and disposal of an organizations fixed assets. Why or Why not?

Answered: 1 week ago

Question

★★★★★
Question 2: Given three securities: Expected Return Standard Deviation Correlation of Returns Stock 1 Stock 2 Stock 3 Stock 1 0.15 0.20 1.00 0.20 0.30 Stock 2 0.20 0.30 1.00 0.80 Stock 3 0.08 0.10...

Answered: 1 week ago

Question

★★★★★
TFS is trading at $50 / share.It has no dividend and the current cc interest rate is 4%.What is the 2 month forward price? TFS is still trading at $50 / share and the cc interest rate r =...

Answered: 1 week ago

Question

★★★★★
You have received detailed feedback on the concept you proposed for assignment 1. Based on that feedback and based on the concept of Minimum Viable Product - MVP you must rethink and sharpen your...

Answered: 1 week ago

Question

★★★★★
Morgan's Selling Price 135 Process 1 Process 2 Fixed Cost 110,000 45,000 Variable Cost. 40 100 Labor Hours / unit 4 10 Suppose that Morgan is going to produce at 1300 units and would choose Process...

Answered: 1 week ago

Question

★★★★★
From the movie Everest, Guide Rob Hall attempts to help his client, Beck Weathers, get across a chasm. Based on "Leading in Times of Uncertainty, analyze the extent to which this scene reflects...

Answered: 1 week ago

Question

★★★★★
3. The book uses 4 synonyms for the average of the outcome if you played a game over and over. The four synonyms are? 1. Variance 2. Semivariance 3. Systematic distributions 4. Asystematic...

Answered: 1 week ago

Question

★★★★★
Study the following table and identify the type of virus.a . ( a ) macro virus ( b ) boot sector virus ( c ) polymorphic virus ( d ) browser hijacker virusb. ( a ) file infector virus ( b ) sector...

Answered: 1 week ago

Question

★★★★★
The first law of thermodynamics is sometimes whimsically stated as, You cant get something for nothing, and the second law as, You cant even break even. Explain how these statements could be...

Answered: 1 week ago

Question

★★★★★
A government is torn between selling annual pollution allowances and setting an annual pollution tax. Unlike in the messy real world, this government is quite certain that it can achieve the same...

Answered: 1 week ago

Question

★★★★★
At indoor shopping malls, who makes sure that no business plays music too loud, no store is closed too often, and that the common areas arent polluted with garbage? What incentive does this party...

Answered: 1 week ago

Question

★★★★★
Suppose Sam sells apples in a competitive market, apples picked from his apple tree. Assume all apples are equal in quality, but grow at different heights on the tree. Sam, being fearful of heights,...

Answered: 1 week ago

Previous Question Next Question