Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ols Add-ons Help Last edit was seconds ago Arial BIVA OD lili Dobi IEE Answer the following questions with the associated solutions. If sales is

image text in transcribed
image text in transcribed
image text in transcribed
ols Add-ons Help Last edit was seconds ago Arial BIVA OD lili Dobi IEE Answer the following questions with the associated solutions. If sales is $13,000 and variable costs is $7,000, what is the contribution margin? (2 points) 1. 2 Answer the questions by looking at the worksheet below. Break-Even Analysis Worksheet Store: Salie's Accessories Location: 129 Fashion Way, Skokie, linois Product Line Jewelry Period: Six months beginning June 2006 hem Unit Price (P) Units to Break Variable Costs per Fixed Costs (F) Unit (V) Even Watches $49.99 $2325 $2,000 Necklaces $79.95 $29.50 $2,000 Ringo $40.00 $2,000 40 Bracelets $19.95 $4.50 $2,000 Earringe $41.50 $12.00 $2.000 277 10 a What are the total fixed costs assigned to the jewelry department for the six-month period? (2 points) b. What is the break-even point for necklaces, bracelets, watches, and earrings? (4 points) C. What would happen to the break-even point if Sallie raised the price of the bracelets by 0.50 cents and reduced it by 0.50 cents? (2 points) NININ 2 3 4 5 6 Necklaces $79.95 $29.50 $2.000 Rings $40.00 $2,000 40 Bracelets $19.95 $4.50 $2,000 Earrings $41.50 $12.00 $2,000 What are the total fixed costs assigned to the jewelry department for the six-month period? (2 points) b. What is the break-even point for necklaces, bracelets, watches, and earrings? (4 points) C. What would happen to the break-even point if Sallie raised the price of the bracelets by 0.50 cents and reduced it by 0.50 cents? (2 points) d. How much does a ring cost at Sallie's? (2 points)

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_2

Step: 3

blur-text-image_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

Financial Markets And Institutions

Authors: Frederic S. Mishkin, Stanley Eakins

6th International Edition

0321552113, 9780321552112

More Books

Students also viewed these Finance questions

Question

What is your view of spirituality in the workplace?

Answered: 1 week ago