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Question 8 (3 points) Your company sells coffee mugs for $10 each. It costs you $3,500...
Hot Coffee is the name of a corporation that manufactures coffee mugs. Each Hot Coffee mug is labeled as being dishwashe...
Hot Coffee is the name of a corporation that manufactures coffee mugs. Each Hot Coffee mug is labeled as being dishwasher safe but does not have any labels indicating that it is oven or microwave safe. Hot Coffee received a complaint from John Smith, a consumer whose coffee mug shattered and cut his hand. Mr. Smith stated that he had warmed up his coffee in the microwave and was carrying it back to his desk when it broke. He required...
nissagmail.c. RefWorks > Save to RefWorks Sign in - Zoom value 20.00 points Rio Coffee Shoppe...
nissagmail.c. RefWorks > Save to RefWorks Sign in - Zoom value 20.00 points Rio Coffee Shoppe sells two coffee drinks, a regular coffee and a latte. The two drinks have the following prices and cost characteristics: Regular Coffee Latte Sales price (per cup) $ 1.70 $ 2.50 Variable costs (per cup) 0.80 1.50 The monthly fixed costs at Rio are $6,324. Based on experience, the manager at Rio knows that the store sells 70 percent regular coffee and 30 percent...
Crusty’s pizza company sells its pepperoni pizza for $18.75. It costs Crusty’s $9.25 to make each...
Crusty’s pizza company sells its pepperoni pizza for $18.75. It costs Crusty’s $9.25 to make each pepperoni pizza. Crusty’s also has fixed costs of $3500 per month. How many pepperoni pizzas must Crusty’s sell each month to break even (round to the nearest full pizza)? A. 368 B. 187 C. 378 D. 215
You manufacture office desks in your plant. The fixed costs for the plant is $20,000/year. The...
You manufacture office desks in your plant. The fixed costs for the plant is $20,000/year. The variable cost for each desk is $30. You sell the desks for $70. How many desks must you sell to break-even? if you want to make a profit of $10,000, how many desks must you sell? If the marketing department determines that the demand is 300 desks, how much would you have to charge to break-even?
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes are $47 and the fixed costs per week are $6.193. a. Calculate the number of pairs of shoes that need to be sold every week to break even. Round up to the next whole number b. If 77 pairs of shoes were sold, calculate the net income in a week. (If the net income represents a loss, express your answer as a negative dollar...
pleaser answer all four questions. thank you. 10 MC 8 Price and costs (dollars per unit)...
pleaser answer all four questions. thank you.
10 MC 8 Price and costs (dollars per unit) ATC 6 4 2. MR D 0 2 4 6 8 10 12 Quantity (units per year) The graph above describes a profit-maximizing monopolist. If the monopolist charges a price of $4, how many units will the monopolist sell? O4 O 6 o 8 Assume a perfectly competitive industry making peanuts is in long-run equilibrium. The price per pound of peanuts is $2. Next,...
Zepher Company sells a product with a contribution margin ratio of 10%. Fixed costs are $393...
Zepher Company sells a product with a contribution margin ratio of 10%. Fixed costs are $393 per month. What amount of sales (in dollars) must Zepher Company have to break even? If each unit sells for $30, how many units must be sold to break even? Begin by showing the formula and then entering the amounts to calculate the sales in dollars Zepher must have to break even. (Abbreviation used: CM = contribution margin. Complete all input boxes. Enter a...
Problem (10 points). At the beginning of each year, the accounting department at Washington Fur Company...
Problem (10 points). At the beginning of each year, the accounting department at Washington Fur Company must determine certain amounts for management concerning its profit plan for the coming year. The company manufactures and sells imitation fur coats. Each coat sells for an average price of $500. Variable costs per coat are $320. Total fixed costs for the year are estimated to be $240,000. REQUIRED: (1) (2) Compute the break even point in number of coats. Round your answer up...
The Metropolitan Company sells its latest product at a unit price of $8. Variable costs are...
The Metropolitan Company sells its latest product at a unit price of $8. Variable costs are estimated to be 40% of the total revenue, while fixed costs amount to $6,000 per month. How many units should the company sell per month in order to break even, assuming that it can sell up to 5,000 units per month at the planned price? ___units The demand for your factory-made skateboards, in weekly sales, is q = −5p + 50 if the selling...
Break-Even in Units Gelbart Company manufactures gas grills. Fixed costs amount to $16,335,000 per year. Variable...
Break-Even in Units Gelbart Company manufactures gas grills. Fixed costs amount to $16,335,000 per year. Variable costs per gas grill are $225, and the average price per gas grill is $600. Required: 1. How many gas grills must Gelbart Company sell to break even? gas grills 2. If Gelbart Company sells 46,775 gas grills in a year, what is the operating income? 3. If Gelbart Company's variable costs increase to $240 per grill while the price and fixed costs remain...
nissagmail.c. RefWorks > Save to RefWorks Sign in - Zoom value 20.00 points Rio Coffee Shoppe sells two coffee drinks, a regular coffee and a latte. The two drinks have the following prices and cost characteristics: Regular Coffee Latte Sales price (per cup) $ 1.70 $ 2.50 Variable costs (per cup) 0.80 1.50 The monthly fixed costs at Rio are $6,324. Based on experience, the manager at Rio knows that the store sells 70 percent regular coffee and 30 percent...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes are $47 and the fixed costs per week are $6.193. a. Calculate the number of pairs of shoes that need to be sold every week to break even. Round up to the next whole number b. If 77 pairs of shoes were sold, calculate the net income in a week. (If the net income represents a loss, express your answer as a negative dollar...
pleaser answer all four questions. thank you.
10 MC 8 Price and costs (dollars per unit) ATC 6 4 2. MR D 0 2 4 6 8 10 12 Quantity (units per year) The graph above describes a profit-maximizing monopolist. If the monopolist charges a price of $4, how many units will the monopolist sell? O4 O 6 o 8 Assume a perfectly competitive industry making peanuts is in long-run equilibrium. The price per pound of peanuts is $2. Next,...
Problem (10 points). At the beginning of each year, the accounting department at Washington Fur Company must determine certain amounts for management concerning its profit plan for the coming year. The company manufactures and sells imitation fur coats. Each coat sells for an average price of $500. Variable costs per coat are $320. Total fixed costs for the year are estimated to be $240,000. REQUIRED: (1) (2) Compute the break even point in number of coats. Round your answer up...
Break-Even in Units Gelbart Company manufactures gas grills. Fixed costs amount to $16,335,000 per year. Variable costs per gas grill are $225, and the average price per gas grill is $600. Required: 1. How many gas grills must Gelbart Company sell to break even? gas grills 2. If Gelbart Company sells 46,775 gas grills in a year, what is the operating income? 3. If Gelbart Company's variable costs increase to $240 per grill while the price and fixed costs remain...
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