Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company sells watches for $ 2 8 , fixed costs are $ 1 9 5 , 0 0 0 , and variable costs are $

Company sells watches for $28, fixed costs are $195,000, and variable costs are $14 per watch.
What is the firm's gain or loss at sales of 9,000 watches? Enter loss (if any) as negative value. Round your answer to the nearest cent.
$
What is the firm's gain or loss at sales of 15,000 watches? Enter loss (if any) as negative value. Round your answer to the nearest cent.
$
What is the break-even point (unit sales)? Round your answer to the nearest whole number.
units
What would happen to the break-even point if the selling price was raised to $33?
-Select-
What would happen to the break-even point if the selling price was raised to $33 but variable costs rose to $21 a unit? Round your answer to the nearest whole number.
-Select-

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

Oil And Gas Accounting

Authors: Steven M. Bragg

2nd Edition

1642210668, 9781642210668

More Books

Students also viewed these Accounting questions