Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 05, 2021

If the sales price for a product is 600 per unit its contribution margin is 400 per unit and fixed costs are 42000. what is

If the sales price for a product is 600 per unit its contribution margin is 400 per unit and fixed costs are 42000. what is the breakeven point in units using the contribution margin approach?

Step by Step Solution

★★★★★

3.44 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

When using the contribution margin approach ... 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

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

Recommended Textbook for

Mathematical Applications for the Management Life and Social Sciences

Authors: Ronald J. Harshbarger, James J. Reynolds

11th edition

9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042

More Books

Students also viewed these Accounting questions

Question

★★★★★

The Parry Companys breakeven point in units is 20,000. Assuming that variable costs are 30% and fixed costs are $100,000, what is the companys projected operating income if sales are $750,000? A)....

Answered: 1 week ago

Question

★★★★★

If a market price for a product can be determined, why isnt it always the best transfer price?

Answered: 1 week ago

Question

★★★★★

The sales decay for a product is given by S = 50,000e-0.8x, where S is the monthly sales and x is the number of months that have passed since the end of a promotional campaign. (a) What will be the...

Answered: 1 week ago

Question

★★★★★

A bank reconciliation takes time and must balance. An employee was struggling in balancing the bank reconciliation. Her supervisor told her to plug (make an unsupported entry for) the difference,...

Answered: 1 week ago

Question

★★★★★

What is the difference between an implicit and an explicit tax? In what way do before-tax required returns react to changes in explicit taxes?

Answered: 1 week ago

Question

★★★★★

You are considering two types of automobiles. Model A costs $18,000 and model B costs $15,624. Although the two models are essentially the same, after four years of use, model A can be sold for...

Answered: 1 week ago

Question

★★★★★

Avoid evasiveness. Be direct with your answers when possible.

Answered: 1 week ago

Question

★★★★★

A fire destroys all of the merchandise of Assante Company on February 10, 2011. Presented below is information compiled up to the date of the fire. Inventory, January 1,...

Answered: 1 week ago

Question

★★★★★

Please solve in EXCEL SHOWING ALL WORK/FORMULAS. I will upvote! I really need help. Thank you for your help! 1- What is the market value, on 2/15/2070, for a $100,000 par bond with a 10% quarterly...

Answered: 1 week ago

Question

★★★★★

The 9 companies are drawn from the following 9 different industries: Liquor producer and distributor Discount airline Commercial bank (items fitted into the same categories as the non-financial...

Answered: 1 week ago

Question

★★★★★

Journal entries Requirements 1. For each of the preceding entries, indicate the effect of the error on cash, fotal assets, and net income. The answer for the first transection has been provided as an...

Answered: 1 week ago

Question

★★★★★

Which country has the absolute advantage in computer production? Use the following table: Amount of Beef or Computers Produced by One Worker in a Day Canada Beef Computers Japan 8 5 3 4

Answered: 1 week ago

Question

★★★★★

Which country has the comparative advantage in computer production? Use the following table: Amount of Beef or Computers Produced by One Worker in a Day Canada Beef Computers Japan 8 5 3 4

Answered: 1 week ago

Question

★★★★★

A metal sphere is grounded and an electrically charged rod is held close to it. The sphere acquires a charge $q$. The grounding wire is removed, and the sphere is brought in contact with another...

Answered: 1 week ago

Question

★★★★★

Consider the nonlinear regression model $y=\exp \left(\mathbf{x}^{\prime} \boldsymbol{\beta} ight) /\left[1+\exp \left(\mathbf{x}^{\prime} \boldsymbol{\beta} ight) ight]+u$, where the error term is...

Answered: 1 week ago

Question

★★★★★

The term blue chip applies to stocks issued by a company in excellent financial standing with a record of producing earnings and paying dividends. Stocks in companies such as GE and Chrysler were...

Answered: 1 week ago

Question

★★★★★

Richland Enterprises has budgeted the following amounts for its next fiscal year: Total fixed expenses Selling price per unit Variable expenses per unit $48,000 $70 $50 If Richland Enterprises can...

Answered: 1 week ago

Question

★★★★★

Smthe Co. makes furniture. The following data are taken from its production plans for the year. Required: 1. Determine the hazardous waste disposal cost per unit for chairs and for tables if costs...

Answered: 1 week ago

Question

★★★★★

In below Problems, a function and its graph are given. (a) Use the graph to determine (estimate) x-values where f'(x) > 0, where f'(x) (b) Use the graph to determine x-values where f''(x) > 0, where...

Answered: 1 week ago

Question

★★★★★

Market analysis of the equations p + 6q = 420 and p = 6q + 60, one is the supply function for a product and one is the demand function for that product. (a) Graph these equations on the same set of...

Answered: 1 week ago

Question

★★★★★

1. The rate of photosynthesis R for a certain plant depends on the intensity of light x, in lumens, according to R = 270x - 90x2 Sketch the graph of this function, and determine the intensity that...

Answered: 1 week ago

Question

★★★★★

8.9 Describe the basic features of gambling disorder and evaluate ways of treating it.

Answered: 1 week ago

Question

★★★★★

T F Coca-Cola originally contained cocaine. (p. 306) T F More teens today use marijuana than either alcohol or tobacco (p. 310)

Answered: 1 week ago

Question

★★★★★

8.8 Evaluate methods of treating substance use disorders.

Answered: 1 week ago

Previous Question Next Question