Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 24, 2023

WayFair Clothing has total fixed costs of $34,000 per month. It sells a single product with variable costs of $5.60 per unit. If 8,000 units

WayFair Clothing has total fixed costs of $34,000 per month. It sells a single product with variable costs of $5.60 per unit. If 8,000 units can be sold this month, what price must Wayfair charge in order to break-even?

Step by Step Solution

★★★★★

3.48 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

To breakeven WayFair Clothing needs to cover its total fixed costs and vari... 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

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

Recommended Textbook for

Accounting What the Numbers Mean

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,

9th Edition

978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062

More Books

Students also viewed these Accounting questions

Question

★★★★★

1. ABM's breakeven point is 4,000 units at a sales price of P50 per unit, variable cost of P30 per unit, and total fixed costs of P80,000. If ABM sells 500 additional units, by how much will profit...

Answered: 1 week ago

Question

★★★★★

Refreshing beverages such as fruit shake and smoothies have become the quickest way to beat the heat, especially during dry season. Over the last two years, Pearly Shake has become known as a quench...

Answered: 1 week ago

Question

★★★★★

Campbell Company manufactures and sells adjustable canopies that attach to motor homes and trailers. The market covers both new unit purchases as well as replacement canopies. Campbell developed its...

Answered: 1 week ago

Question

★★★★★

You are given the equation(s) used to solve a problem. For each of these, you are to a. Write a realistic problem for which this is the correct equation(s). b. Finish the solution of the problem.

Answered: 1 week ago

Question

★★★★★

What one financial ratio summarizes everything about the performance of a company? How is it computed?

Answered: 1 week ago

Question

★★★★★

Which adjusting entry increases equity? Accrued revenue or unearned revenue? LO1.

Answered: 1 week ago

Question

★★★★★

=+Exercise 41. Discuss how each deals with the outlier. 20 80 Month (Jan 1990 = 1) Passengers 1,500,000 1 40 60 100 500,000 750,000 1,000,000 1,250,000 120 140 160 180 Accuracy Measures MAPE 8 MAD...

Answered: 1 week ago

Question

★★★★★

Morning Star Ltd was registered on 1 July 2020, as a company with a constitution limiting the shares that could be offered to 5 000 000 Ordinary shares (including all classes) and 2 000 000preference...

Answered: 1 week ago

Question

★★★★★

The statements below are an extract from the Oliver article: More constrained capital growth What's more, the capital growth potential from growth assets is likely to be constrained relative to the...

Answered: 1 week ago

Question

★★★★★

Macon Machines Company began operations on November 1, 2024. The main operating goal of the company is to sell high end robots. Customers may pay using cash or if appropriate, credit is extended to...

Answered: 1 week ago

Question

★★★★★

b) A firm has gathered the following data for its year ended 2019 and 2020 operations. Based on the following information, please calculate the Operating cash flow (OCF) and Free cash flow (FCF) for...

Answered: 1 week ago

Question

★★★★★

Determine the moment generated by the 425 N force applied at point D about point C Note: Remember Counterclockwise moments are considered positive. Justify your answer to receive full points. 215 mm...

Answered: 1 week ago

Question

★★★★★

A recruiter is using a consistent set of questions to interview candidates for retail cashier roles in locations across the US Which question ( s ) would be inappropriate to ask? Select all that...

Answered: 1 week ago

Question

★★★★★

A customer entrusts certain important documents for safe custody to his bank.The bank keeps the documents in a wooden box.Later it is found that the documents were destroyed by white ants.What is the...

Answered: 1 week ago

Question

★★★★★

Two sides of a triangle measure 36 m and 49 m One possible dimension of the third side is Two sides of a triangle measure 36 m. and 49 m. One possible dimension of the third side is?

Answered: 1 week ago

Question

★★★★★

59. Trebecker Construction plans to discontinue its roofing segment which last year generated a contribution margin of $65,000 and incurred $70,000 in fixed costs. If the segment is discontinued,...

Answered: 1 week ago

Question

★★★★★

In October, Pine Company reports 21,200 actual direct labor hours, and it incurs $118,830 of manufacturing overhead costs. Standard hours allowed for the work done is 23,300 hours. The predetermined...

Answered: 1 week ago

Question

★★★★★

Describe a job you have had in the past or a job you are very familiar with. Indicate the negative aspects of the job and how it could be improved with current human resource management techniques.

Answered: 1 week ago

Question

★★★★★

Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $50 in advance for a one-year subscription. During the month of September 2010, Evans Ltd....

Answered: 1 week ago

Question

★★★★★

Refer to the consolidated balance sheets on page 688 of the Intel Corporation annual report in the appendix. Required: Prepare a common size balance sheet at December 29, 2007, using the following...

Answered: 1 week ago

Question

★★★★★

Porter, Inc., acquired a machine that cost $720,000 on October 1, 2010. The machine is expected to have a four-year useful life and an estimated salvage value of $80,000 at the end of its life....

Answered: 1 week ago

Question

★★★★★

In September, the following transactions occurred for Forrest Equipment Supply of Regina (your Study Guide with Working Papers have balances as of September 1 for certain general ledger and accounts...

Answered: 1 week ago

Question

★★★★★

Mary Parker owns Parkers SCUBA Shop of Bathurst. (In your Study Guide with Working Papers, balances as of April 1 are provided for the accounts receivable and general ledger accounts.) In Marys...

Answered: 1 week ago

Question

★★★★★

Abby Ellen owns Abbys Toy House in Halifax. As her newly hired accountant, your task is to: a. Journalize the transactions for the month of March. b. Record in subsidiary ledgers and post to the...

Answered: 1 week ago

Previous Question Next Question