Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need help knowing how to solve the problems step by step, thank you! Managerial Accounting Nancy's Name Tents has provided their per-unit sales and

i need help knowing how to solve the problems step by step, thank you! image text in transcribed
image text in transcribed
Managerial Accounting Nancy's Name Tents has provided their per-unit sales and cost information for the year ended December 31, 2018. All per-unit costs below are based on the production and sale of 3.000 name tents. The relevant range is 0-3,500 tents. Round all per unit answers to the nearest renny. Sales $77 Costs Variable Costs Direct Materials Direct Labor Manufacturing Overhead Period Costs Fixed Costs Manufacturing Overhead 7 Period Costs 18 10 28 8 3 1.) 2.000 tents are produced and sold, what is the product cost per tent? Answer: 2) What is the fixed cost per tent at 1,000 tents (including period costs) produced and sold? Answer: 3.) What are the total foxed costs in this example at 2,000 name tents (produced and sold)? Answer: 4) What are the total variable costs in this example at 2,000 name tents (produced and sold)? 4.) What are the total variable costs in this example at 2,000 name tents (produced and sold)? Answer: 5.) What are the total period costs at 2,000 name tents (produced and sold)? Answer: 6.) Will Nancy's turn a profit if they sell 2,000 name tents? Answer: 7.) What is the cost equation for Nancy's? Answer: 8.) What is the contribution margin, per unit? Answer: 9.) How many units does Nancy need to sell in order to break even if she sells them at the price listed above? Answer: 10.) If Nancy expects to sell only 2,000 tents, what price should she charge, per unit, to break even

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

Practical Steps To Forensic Auditing And Fraud Investigation

Authors: Enape Victoria Ayishetu

1st Edition

1669867048, 978-1669867043

Students also viewed these Accounting questions

Question

f. Did they change their names? For what reasons?

Answered: 1 week ago