Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Harley sells shirts at $40 per shirt. Monthly fixed costs are $7,000. The contribution margin ratio is calculated to be 40%. What is the breakeven

image text in transcribed

Harley sells shirts at $40 per shirt. Monthly fixed costs are $7,000. The contribution margin ratio is calculated to be 40%. What is the breakeven point in units? (Round your answer up to the nearest whole unit.) Select one: A. 292 units B. 3,500 units 0 C. 350 units 0 D. 438 units E. None of the above Gould Enterprises sells computer disks for $3.16 per disk. Unit variable cost is $0.06. The breakeven point in units is 3,800, and expected sales in units are 4,300. What is the margin of safety in dollars? Select one: O A $1,580 B. $2,170 C. $42 0 D. $2,212 E. None of the above Magnolia, Inc. has budgeted sales for the first quarter of the next year to be 45,000 units. The inventory on hand at the beginning of quarter is 5,000 units. The desired ending inventory is 8,000 units. Calculate the budgeted production for the first quarter. Select one: O A. 40,000 units O B. 48,000 units C. 13,000 units D. 43,000 units E. None of the above

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_2

Step: 3

blur-text-image_3

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

The ASQ Auditing Handbook

Authors: J. P. Russell

3rd Edition

0873896661, 978-0873896665

More Books

Students also viewed these Accounting questions