Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please explain how you got the answers 1) Jenna Manufacturers produces flooring material. The monthly fixed costs are $16,000 per month. The sales price per

Please explain how you got the answers image text in transcribed
1) Jenna Manufacturers produces flooring material. The monthly fixed costs are $16,000 per month. The sales price per unit is 95 and variable cost per unit is $35. If Jenna's managers create a CVP graph from volume levels of zero to 800 units, at what sales level (in units) will the revenue and total cost lines intersect? (Round your answer up to the nearest whole unit.) A) 267 units B) 169 units C) 458 units D) 124 units 2) A small business produces a single product and reports the following data les $8.5 per The company believes that the volume will go up to 12,000 units if the company reduces its sales price to S7.50. How would this change affect operating income? A) It will increase by $5,500 B) It will increase by $10,500 C) It will decrease by $5,500 D) It will decrease by $10,500 3) Evans Tiles Company has estimated the following amounts for its next fiscal year: tal fixed costs What wil happen to the breakeven point (in units) if Evans can reduce fixed costs by $22,000? (Round your answer up to the nearest whole unit.) A) The breakeven point will decrease by 917 units. B) The breakeven point will decrease by 1,100 units. C) The breakeven point will increase by 1,100 units. D) The breakeven point will increase by 500 units

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

Frank Woods Business Accounting Volume 1

Authors: Frank Wood, Alan Sangster

10th Edition

9780273681496

More Books

Students also viewed these Accounting questions

Question

=+e. User: uses the item or service.11

Answered: 1 week ago