Homework Answers
| At the break even point contribution margin equals to fixed costs. | ||
| Break even sales = Break even in units * Selling price per unit = 200000 * 4 | 800000 | |
| Fixed cost = Break even sales * Contribution margin ratio = 800000 * 25% | 200000 | Option c |
Add Answer to:
Gossen Company is planning to sell 200,000 pliers at $4 per unit. The eundudtiot 25%. If...
MULTIPLE CHOICE QUESTIONS / 100 Points). 1 The relevant range is a. The range of activity...
MULTIPLE CHOICE QUESTIONS / 100 Points). 1 The relevant range is a. The range of activity in which variable costs will be curvilinear. b. The range of activity in which fixed costs will be curvilinear. The range over which the company expects to operate during the period. d. Usually from zero to 100% of operating capacity 2. Semi variable cost consists of a: a. Variable cost element and a fixed cost element. b. Fixed cost element and a controllable cost...
Gilitch Company has variable costs of $600,000. They are planning to sell 200,000 pairs of mittens...
Gilitch Company has variable costs of $600,000. They are planning to sell 200,000 pairs of mittens for $4 a pair. If Ilitch breaks even at this level of sales what are the fixed costs? Zark and Sons Ltd. makes travel bags that dissolve in water and has variable costs of $42 per unit and expects fixed costs to total $320,000. The travel bags sell for $56 each. Calculate: The Break Even Point in Dollars The Margin of Safety and Margin...
I. A company sells a product which has a unit sales price of $10, unit variable...
I. A company sells a product which has a unit sales price of $10, unit variable cost of $5 and total fixed costs of $280,000. The number of units the company must sell to break even is: 2. At the breakeven point of 3.000 units, variable costs are $300,000, and fixed costs are S180,000. How much is the selling price per unit? 3. A company has total fixed costs of $160,000 and a contribution margin ratio of 20%. The total...
Alden Co.’s monthly unit sales and total cost data for its operating activities of the past...
Alden Co.’s monthly unit sales and total cost data for its operating activities of the past year follow. Management wants to use these data to predict future fixed and variable costs. Month Units Sold Total Cost Month Units Sold Total Cost 1 320,000 $ 160,000 7 340,000 $ 220,000 2 160,000 100,000 8 280,000 160,000 3 280,000 220,000 9 80,000 64,000 4 200,000 100,000 10 160,000 140,000 5 300,000 230,000 11 100,000 100,000 6 200,000 120,000 12 110,000 80,000...
Midway corporation is planning to sell 500,000 units for $100 per unit and will break even...
Midway corporation is planning to sell 500,000 units for $100 per unit and will break even at this level of sales. fixed expenses will be $10,000,000. what are the company's variable expenses per unit? a. $20.00 b. $80.00 c. $24.00 d. $85.00
Sufra Corporation is planning to sell 120,000 units for $2.70 per unit and will break even...
Sufra Corporation is planning to sell 120,000 units for $2.70 per unit and will break even at this level of sales. Fixed expenses will be $96,000. What are the company's variable expenses per unit?
1. The fixed costs incurred by a small research are S 200,000 per year, Variable costs...
1. The fixed costs incurred by a small research are S 200,000 per year, Variable costs are 60 % of the annual revenue. If the annual revenue is $ 300,000, then the annual profit/loss is: a.$100,000 profit b.$120,000 profit . $80,000 profit d. $80,000 loss 2. Standard cost per unit of output is established: In advance of actual production or service delivery b. During actual production or service delivery c.After actual production or service delivery d None of the above...
A product is sold at $40 per unit, the variable expense per unit is $20, and...
A product is sold at $40 per unit, the variable expense per unit is $20, and total fixed expenses are $200,000, what are the breakeven sales in dollars? A. $400,000 B. $100,000 C. $105,000 D. $5,000
Edinburg Company Accounting information for planning and decision-making The Directors of Edinburg Company are planning for...
Edinburg Company Accounting information for planning and decision-making The Directors of Edinburg Company are planning for the next year (2020). They want to develop a strategic plan based on the capacity and opportunities of their business. The accountant provided the following forecast for 2020: Budgeted operating activities Sales - $ 800,000 Cost of sales (manufacturing costs) Materials 300,000 Labour 110,000 Variable overheads 50,000 Fixed overheads 60,000 $ 520,000 Selling LLL L Commission* 80,000 Variable expenses 60,000 Fixed expenses 20,000 $...
Midway Corporation is planning to sell 500,000 units for $100.00 per unit and will break even at this level of sale...
Midway Corporation is planning to sell 500,000 units for $100.00 per unit and will break even at this level of sales. Fixed expenses will be $10,000,000. What are the company's variable expenses per unit? $80.00 $85.00 $24.00 $20.00
MULTIPLE CHOICE QUESTIONS / 100 Points). 1 The relevant range is a. The range of activity in which variable costs will be curvilinear. b. The range of activity in which fixed costs will be curvilinear. The range over which the company expects to operate during the period. d. Usually from zero to 100% of operating capacity 2. Semi variable cost consists of a: a. Variable cost element and a fixed cost element. b. Fixed cost element and a controllable cost...
I. A company sells a product which has a unit sales price of $10, unit variable cost of $5 and total fixed costs of $280,000. The number of units the company must sell to break even is: 2. At the breakeven point of 3.000 units, variable costs are $300,000, and fixed costs are S180,000. How much is the selling price per unit? 3. A company has total fixed costs of $160,000 and a contribution margin ratio of 20%. The total...
1. The fixed costs incurred by a small research are S 200,000 per year, Variable costs are 60 % of the annual revenue. If the annual revenue is $ 300,000, then the annual profit/loss is: a.$100,000 profit b.$120,000 profit . $80,000 profit d. $80,000 loss 2. Standard cost per unit of output is established: In advance of actual production or service delivery b. During actual production or service delivery c.After actual production or service delivery d None of the above...
Edinburg Company Accounting information for planning and decision-making The Directors of Edinburg Company are planning for the next year (2020). They want to develop a strategic plan based on the capacity and opportunities of their business. The accountant provided the following forecast for 2020: Budgeted operating activities Sales - $ 800,000 Cost of sales (manufacturing costs) Materials 300,000 Labour 110,000 Variable overheads 50,000 Fixed overheads 60,000 $ 520,000 Selling LLL L Commission* 80,000 Variable expenses 60,000 Fixed expenses 20,000 $...
Midway Corporation is planning to sell 500,000 units for $100.00 per unit and will break even at this level of sales. Fixed expenses will be $10,000,000. What are the company's variable expenses per unit? $80.00 $85.00 $24.00 $20.00
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 1 hour ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 2 hours ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 3 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 4 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 4 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 4 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 5 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 5 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 6 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 6 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 6 hours ago -
Why are polymers not typically casted into products?
asked 6 hours ago