Answered step by step
Verified Expert Solution
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
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
Get Instant Access with AI-Powered 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