FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help explain how to get the answer? Ocean City Kite Company manufactures & sells kites for $6.00 each. The variable cost per kite is

please help explain how to get the answer?

image text in transcribed
Ocean City Kite Company manufactures & sells kites for $6.00 each. The variable cost per kite is $3.50 with the current annual sales volume of 80,000 kites. This volume is currently Ocean City Kite's breaking even point. Use this information to determine the dollar amount of Ocean City Kite Company's fixed costs. (Round dollar value to the nearest whole dollar & enter as whole dollars only.) Your

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

Accounting Information Systems

Accounting Information Systems

Authors: James Hall

9th Edition

1305465113, 9781305465114

More Books

Students also viewed these Accounting questions

Question

★★★★★
Use supply and demand curves to depict equilibrium price and output in a competitive market for some farm product. Then show how an above-equilibrium price floor (price support) would cause a surplus...

Answered: 1 week ago

Question

★★★★★
20. The research on personality and health investigates if any specific personality traits are associated with specific health conditions. This is an example of research. a. case study b....

Answered: 1 week ago

Question

★★★★★
What research background do you have?

Answered: 1 week ago

Question

★★★★★
Consider the following expenditures: a. Purchase price. b. Ordinary recurring repairs to keep the machinery in good working order. c. Lubrication before machinery is placed in service. d. Periodic...

Answered: 1 week ago

Question

★★★★★
A booth in a mall sells calendars. The calendars are purchased for $4.77 each and then sold to customers at a price of $ 11.72. Space is rented for $ 133.00 per day and wages amount to $ 272.00 per...

Answered: 1 week ago

Question

★★★★★
Two 802.11 stations get frames to transmit at time t=0. The 3rd station (AP) has just finished transmitting data for a long packet at t=0 to Station 1. The transmission parameters are: Slot time=1,...

Answered: 1 week ago

Question

★★★★★
You are on the staff of an external audit firm that audits a small to medium-size financial institution. One day you receive a copy of a letter from the president of the financial institution to the...

Answered: 1 week ago

Question

★★★★★
As discussed in the chapter, many audit organizations now follow the "cycles" approach when evaluating an internal control system. This approach involves classifying transactions by cycles,...

Answered: 1 week ago

Question

★★★★★
Jerry Schneider One of the more famous cases of computer abuse involves a young man named Jerry Schneider. Schneider had a flair for electronics. By the time he left high school, he had already...

Answered: 1 week ago

Question

★★★★★
In some damping systems, a circular disk immersed in oil is used as a damper, as shown in Fig. P2-125. Show that the damping torque is proportional to angular speed in accordance with the relation...

Answered: 1 week ago

Question

★★★★★
Which circuit in Figure P32.25 produces the greatest current in the emitter? Data from Figure P32.25 A B n-type p-type n-type n-type p-type n-type C n-type p-type n-type HHHHH

Answered: 1 week ago

Question

★★★★★
2. What information is conveyed through a particular type of metaphor? The answer to the question gives us insight into what code the person using the metaphor uses, and thus an insight into how...

Answered: 1 week ago

Question

★★★★★
2. Give six examples that silence (not saying anything) or not responding can be very informative to the other party.

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statements: a) The smaller the unit of measurement used to measure a coastline, the longer the coastline becomes. b) The interpretation is different from what is interpreted....

Answered: 1 week ago

Previous Question Next Question