Here first we construct all three functions Cost Function,Revenue Function and Profit Function then we used these functions to solve our problems.
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes...
Selling price per pair of shoes $40 cost per pair of shoes $25 Total annual fixed costs Salaries Advertising Other fixed expenses 100,000 40,000 100,000 i. Calculate the break even point and margin of safety in number of pairs of shoes sold ii Assume that 20,000 pairs of shoes were sold in a year Calculate the shops net income or loss (S marks i) If a sellimg commission of $2 per paar of shoe sold wes to be introduced, how...
3. Production costs for manufacturing running shoes consist of a fixed overhead of $650,000 plus variable costs of $20 per pair of shoes. Each pair of shoes sells for $70. (a) Find the total cost, C (g), the total revenue, R g), and the total profit, π(g), as a function of the (b) How many pairs of shoes must be produced and sold for the company to make a profit? number of pairs of shoes produced, q. 3. Production costs...
The weekly marginal cost of producing x pairs of tennis shoes is given by the following function, where C(x) is cost in dollars. 200 x + 1 c'(x)=17+ If the fixed costs are $3,000 per week, find the cost function. What is the average cost per pair of shoes if 1,000 pairs of shoes are produced each week? The cost function is C(x)=0 If 1,000 pairs of shoes are produced each week, the average cost per pair of shoes is...
Shoes sells sandals for $21 a pair. There fixed cost are $125,000 and variable cost of $10 a pair. a) How many pairs of sandals must Gum Shoes sell to breakeven? b) What is sales in dollars at breakeven? c) What is Gum Shoes net income if it sold 26,500 pairs of sandals?
QUESTION 25 MJH company sells it's shoes for $500 a pair. The variable costs are $100 per unit and the fixed costs are $400,000. What is break even in units? 750 O 500 O 1000 some other number
Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Pairs of Shoes $105 Pairs of Gloves Range- Finder $30 $241 Unit sales price Unit variable costs Unit contribution margin Sales mix $43 $19 3396 Fixed costs are $584,200. Your answer is correct. Calculate weighted average unit contribution margin. (Round answer to 2 decimal places e.9. 10.25.) Weighted average unit contribution margin 01.75 Your answer is correct. Compute...
Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 1 TL premium to sales person and 1 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs are...
Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Unit sales price Unit variable costs Unit contribution margin Sales mix Pairs of Pairs of Range- Shoes Gloves Finder $105 $32 $245 5910205 $46 $22 $40 31% 41% 28% Calculate weighted average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.) Weighted average unit contribution margin $ 34.48 Compute the break-even point in units for the...
Cohen Company produces and sells socks. Variable cost is $2.00 per pair, and fixed costs for the year total $50,000. The selling price is $4 per pair. Required: 1. Calculate the breakeven point in units. (Do not round intermediate calculations.) 2. Calculate the breakeven point in sales dollars. (Do not round intermediate calculations.) 3. Calculate the units required to make a before-tax profit of $30,000. (Do not round intermediate calculations.) 4. Calculate the sales dollars required to make a before-tax...
Carter Company sells a product for $100 per unit. The variable cost is $40 per unit, while fixed costs are $300,000. Additionally, the income tax rate is 40 percent. Required: Calculate the contribution margin ratio (round your answer to xx.x %). Calculate the break-even point in sales units. Calculate the break-even point in sales dollars or revenues. How many units need to be sold to generate a pretax income of $180,000? Recalculate the break-even point in sales units if the...