Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 15, 2024

Longiotti corporation produces and sells a single product. Data concerning that product appear below. Selling price per unit $150.00 Variabe expense per unit $36.00 Fixed

Longiotti corporation produces and sells a single product. Data concerning that product appear below.

Selling price per unit $150.00

Variabe expense per unit $36.00

Fixed expense per month $159,600

Required:

Determine the monthly break-even in total dollar sales. Show your work

Step 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

Recommended Textbook for

Using Microsoft Excel and Access 2016 for Accounting

Authors: Glenn Owen

5th edition

1337109048, 1337109045, 1337342149, 9781337342148 , 978-1337109048

More Books

Students also viewed these Accounting questions

Question

★★★★★

Konerko, Inc., expects to earn cash flows of $13,227, $15,611, $18,970, and $19,114 over the next four years. If the company uses an 8 percent discount rate, what is the future value of these cash...

Answered: 1 week ago

Question

★★★★★

An atomic absorption method for the determination of the amount of iron present in used jet engine oil was found from pooling 30 triplicate analyses to have a standard deviation s = 3.6 mg Fe/mL. If...

Answered: 1 week ago

Question

★★★★★

For the M/M/1 queue, compute (a) the expected number of arrivals during a service period and (b) the probability that no customers arrive during a service period. Hint: Condition.

Answered: 1 week ago

Question

★★★★★

Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2016, follows: The following business transactions were completed by...

Answered: 1 week ago

Question

★★★★★

Tom Brady has been lounging on his yacht in Miami but just two years ago, on October 2 4 , 2 0 2 1 Tom Brady ( quarterback for the Tampa Bay Buccaneers ) threw his 6 0 0 th career touchdown pass to...

Answered: 1 week ago

Question

★★★★★

Skato, a skateboard manufacturer, estimates that 1 in 100 of its Econoboards will have a defect. For each board that does not have a defect, Skato makes $5.50, but for each defective board, it loses...

Answered: 1 week ago

Question

★★★★★

Michelle Sargol offers to pay $9,000 for a particular car located on John Weber's car lot. Weber accepts Sargol's offer and promises to transfer the title next week, at which time Sargol will pay for...

Answered: 1 week ago

Question

★★★★★

Recent research at the Wharton School suggests that harmonious bargaining Group of answer choices can bring about good long-term results. often backfires on the side that initiated harmonious...

Answered: 1 week ago

Question

★★★★★

Can the astronaut simply shake one tank and then the other two find the full tank? Why or why not?

Answered: 1 week ago

Question

★★★★★

12. Eveline is reading a news article and comes across a shocking statistic in an online news article that says, "87% of all frogs are poisonous if you lick them." This statistic doesn't sound right,...

Answered: 1 week ago

Question

★★★★★

Given a set S of integers, an integer total, and a non-negative integer budget, the SubsetSum Decision problem is to report whether or not there is a subset of S, containing at most budget elements,...

Answered: 1 week ago

Question

★★★★★

1.apart from the legitimate and procedural strategies for tackling for monetary debates; dissect other off the plans implies like the Cooperative/Interest-Based Negotiation and its effectiveness in...

Answered: 1 week ago

Question

★★★★★

5. Get a third party to mediate, so that both parties have the opportunity to go back to their original negotiating point that they had before the third party put forward his/her proposal.

Answered: 1 week ago

Question

★★★★★

1. Discuss the following statements: a) What we seek to achieve is different from why we seek to achieve it. b) Thoughts are different from what we are thinking about. c) Writing to find out what one...

Answered: 1 week ago

Question

★★★★★

2. Provide new information and before 20 seconds have elapsed, add more infor-mation. The initial information will then be lost from memory for most people.

Answered: 1 week ago

Previous Question Next Question