Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 26, 2024

What is the break-even point when: Anticipated sales is $1,100,000 Fixed costs per month are $350,000 Variable cost per dollar of sales is $.30. Selling

What is the break-even point when:

Anticipated sales is $1,100,000

Fixed costs per month are $350,000

Variable cost per dollar of sales is $.30.

Selling price per dollar of sales is $1.00.

Contribution margin per dollar of sales is $.70.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Managerial Accounting

Authors: Davis, Charles E., Elizabeth

1st Edition

0471699608, 978-0471699606

More Books

Students also viewed these Accounting questions

Question

★★★★★

Air (21 percent O2, 79 percent N2) is heated to 5400 R at a pressure of 1 atm. Determine the equilibrium composition, assuming that only O2, N2, O, and NO are present. Is it realistic to assume that...

Answered: 1 week ago

Question

★★★★★

PepsiCo owns and sells beverages such as Pepsi, Diet Pepsi, Pepsi Max, Aquafina, Tropicana, and Lipton as well as food products such as Lay's, Ruffles, Doritos, Tostitos, and Quaker Oats. Which type...

Answered: 1 week ago

Question

★★★★★

2.67 Standardized Test Scores A district's school board's verbal and mathematics scholastic aptitude tests are scored on a scale of 200 to 800. Although the tests were originally designed to produce...

Answered: 1 week ago

Question

★★★★★

Shown below are the T-accounts relating to equipment that was purchased for cash by a company on the first day of the current year. The equipment was depreciated on a straight-line basis with an...

Answered: 1 week ago

Question

★★★★★

Please answer each multiple choice question in Excel format with proper labels. These multiple choice questions do not count as separate from the entire question itself; answering only 4 results in...

Answered: 1 week ago

Question

★★★★★

The table below is HTC's master budget for March: 2 26,000 units Production and sales Variable costs: Direct materials Direct labor Variable overhead Fixed costs Total product costs $ 26,000 $ 52,000...

Answered: 1 week ago

Question

★★★★★

A lab orders a number of chemicals from the same supplier, with a lead time two weeks. The assistant manager of the lab must determine how much of one of these chemicals to order. Usage of the...

Answered: 1 week ago

Question

★★★★★

Spec, Inc.s stock is expected to generate a dividend and terminal value one year from now of P57.00.The stock has a beta of 1.3, the risk-free interest rate is 6 percent, and the expected return...

Answered: 1 week ago

Question

★★★★★

1. Honda is planning to introduce new electric car in 2 years. Describe your role in detail as Procurement and Purchasing Manager of Honda to ensure this product will be ready to launch in two years....

Answered: 1 week ago

Question

★★★★★

The production records of Prince Company for the month of June shows the following: Total Manufacturing Cost Variance P 3,840 U Rate Variance 8,710 F Total material cost variance 2,975 U Total Labor...

Answered: 1 week ago

Question

★★★★★

Based on the facts, what is the primary ethical issue in this case? Who are the stakeholders? What changes could have been made to impact the outcome of this fraud? Research recent developments in...

Answered: 1 week ago

Question

★★★★★

A mechanic pushes a 3.10 x 10-kg car from rest to a speed of v, doing 4,890 3 of work in the process. During this time, the car moves 21.0 m. Neglecting friction between car and road, find v and the...

Answered: 1 week ago

Question

★★★★★

4. What means will you use to achieve these values?

Answered: 1 week ago

Question

★★★★★

5. List three of what you would call your core values. For each of these core values, answer the following questions. a. What is the purpose of this value in your life? b. How does this value affect...

Answered: 1 week ago

Question

★★★★★

3. What values would you say are your core values?

Answered: 1 week ago

Previous Question Next Question