Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

only answer is fine! do quesiton13,14,19 please 10 13 35 A not-for-profit is holding a fund-raising event. Those attending the event will purchase a ticket.

image text in transcribed
image text in transcribed
image text in transcribed
only answer is fine!
do quesiton13,14,19 please
10 13 35 A not-for-profit is holding a fund-raising event. Those attending the event will purchase a ticket. The contribution margin ratio per ticket is 40%. The fixed costs for the event are $250. What is the dollar amount of ticket sales needed to cover costs and raise an additional $3,000 for the organization? The dollar amount cannot be determined from the data provided. O $8,125 O $7,875 O $3,250 14 35 Monroe, Inc. sells a product for $10 per unit. The product's variable costs per unit are $5.50. This month profit was $40,000. If sales revenue increases next month by $20,000 due to holiday shopping, how much will profit increase next month? $9,000 O $4,500 $1,800 $5,000 19 3 Montgomery Corp. currently makes 20,000 subcomponents a year in one of its factories. The unit costs to produce are as follows: $8 Cost Per Unit Direct Materials $12 Direct Labor Variable Manufacturing Overhead $12 Fixed Manufacturing Overhead $8 An outside supplier has offered to provide Montgomery Corp. with the 20,000 subcomponents at a $36 per unit price. Fixed overhead is not avoidable. If Montgomery Corp. accepts the outside offer, what will be the effect on short-term profits? $80,000 decrease O $160,000 increase O $320,000 increase $160,000 decrease

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

Fundamental Accounting Principles Volume I

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

16th Canadian edition

978-1260305821

More Books

Students also viewed these Accounting questions

Question

1.. Identify goals in communicating a bad-news message.

Answered: 1 week ago