Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Live Inc., a Portable Bluetooth Speaker manufacturing company, has the following data for the month of January. Break-Even Point Transactions Cost Information Cost Unit Selling

image text in transcribedimage text in transcribedimage text in transcribed
Live Inc., a Portable Bluetooth Speaker manufacturing company, has the following data for the month of January. Break-Even Point Transactions Cost Information Cost Unit Selling Price per Speaker $60.00 per speaker Electrical Wires from Speakers $6.00 per speaker Manufacturing Equipment Depreciation $40,000.00 per month Plastic for Speakers $4.00 per speaker Manufacturing Plant Rent $17,000.00 per month $1,080.00 per month and Utilities $2.00 per each speaker produced With the information provided above, please complete Step 1, Step 2, and Step 3 for the month of January. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000.00 without any dollar sign. Make sure you round your answers to two decimal places. So if the answer is $10, you should be typing 10.00.okmarks Profiles Tab Window Help 9903/quizzes/521178/take Step 1: Identify each cost as variable, fixed, or mixed: Responses - Cost Behavior Variable / Fixed / Cost Information Mixed Electrical Wires from Speakers Manufacturing Equipment Depreciation Plastic for Speakers Manufacturing Plant Rent Utilities Step 2: Compute the unit contribution margin. Responses - Contribution Margin Contribution Margin per Unit $Step 3: Based on the information above, determine how many units need to be sold to break even and how much is required in sales to break even. Responses - Break-Even Point Break-Even Point in Units Units Break-Even Point in Sales $

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

Modern Advanced Accounting In Canada

Authors: Hilton Murray, Herauf Darrell

9th Edition

1259654699, 978-1259654695

More Books

Students also viewed these Accounting questions

Question

Differentiate 3sin(9x+2x)

Answered: 1 week ago

Question

Compute the derivative f(x)=(x-a)(x-b)

Answered: 1 week ago