Question
I uploaded the questions via the browse function below. Here ther are within the question: 123. Screen Time is a direct marketer of popular DVD
I uploaded the questions via the browse function below. Here ther are within the question: 123. Screen Time is a direct marketer of popular DVD movies. Following is information about its revenue and cost structure: Selling Price $13.00 per DVD Variable Costs: Production (manufacturing costs) $3.00 per DVD Selling and Administration (non-manufacturing costs) $1.00 per DVD Fixed Costs: Production (manufacturing costs) $1,000,000 per year Selling and Administration (non-mfg costs) $3,000,000 per year In which range does the break-even point fall? A. Between 300,000 and 350,000 units B. Between 350,001 and 400,000 units C. Between 400,001 and 450,000 units This is the answer D. Between 450,001 and 500,000 units Understand to use High-low method and profit equations. However, I am having trouble setting up the numbers to get to the answers. 124. Screen Time is a direct marketer of popular DVD movies. Following is information about its revenue and cost structure: Selling Price $13.00 per DVD Variable Costs: Production (manufacturing costs) $3.00 per DVD Selling and Administration (non-manufacturing costs) $1.00 per DVD Fixed Costs: Production (manufacturing costs) $1,000,000 per year Selling and Administration (non-mfg costs) $3,000,000 per year The royalty paid to the film?s creators is equal to two-thirds of the variable production cost. Assume the creators are willing to cut the royalty in half if the price is reduced by the same dollar amount as the reduction in royalty. What is the new contribution margin ratio? A. 69% B. 75% This is the answer C. 85% D. 72% Understand to use High-low method and profit equations. However, I am having trouble setting up the numbers to get to the answers.
123. Screen Time is a direct marketer of popular DVD movies. Following is information about its revenue and cost structure: Selling Price $13.00 per DVD Variable Costs: Production (manufacturing costs) $3.00 per DVD Selling and Administration (non-manufacturing costs) $1.00 per DVD Fixed Costs: Production (manufacturing costs) $1,000,000 per year Selling and Administration (non-mfg costs) $3,000,000 per year In which range does the break-even point fall? A. Between 300,000 and 350,000 units B. Between 350,001 and 400,000 units C. Between 400,001 and 450,000 units D. Between 450,001 and 500,000 units Understand to use High-low method and profit equations. However, I am having trouble setting up the numbers to get to the answers. 124. Screen Time is a direct marketer of popular DVD movies. Following is information about its revenue and cost structure: Selling Price $13.00 per DVD Variable Costs: Production (manufacturing costs) $3.00 per DVD Selling and Administration (non-manufacturing costs) $1.00 per DVD Fixed Costs: Production (manufacturing costs) $1,000,000 per year Selling and Administration (non-mfg costs) $3,000,000 per year The royalty paid to the film's creators is equal to two-thirds of the variable production cost. Assume the creators are willing to cut the royalty in half if the price is reduced by the same dollar amount as the reduction in royalty. What is the new contribution margin ratio? A. 69% B. 75% C. 85% D. 72% Understand to use High-low method and profit equations. However, I am having trouble setting up the numbers to get to the answersStep 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