Question

5 Cleaning Care Inc. expects to sell 10,000 mops. Fixed costs (for the year) are expected to be $10,000 unit sales price is e
Multiple Choice 5 40% O 85% O 80% О O 90% O 20%
0 0
Add a comment Improve this question Transcribed image text
Answer #1

solution: option C: 80% ie; mos (0%) = 80%. Explanation: Giver, sales price = $12. pes cunit. Variable cost = $9 pes unit. .Actual Sales No.of units sold x Sales price 10,000 units x $12 $ 120,000 Actual sales weve; XIDO Magis of safety, mos (%) =

Add a comment
Know the answer?
Add Answer to:
5 Cleaning Care Inc. expects to sell 10,000 mops. Fixed costs (for the year) are expected...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • For the current year, Power Cords Corp. expected to sell 43,000 industrial power cords. Fixed costs...

    For the current year, Power Cords Corp. expected to sell 43,000 industrial power cords. Fixed costs were expected to total $1,815,000; unit sales price was expected to be $4,750; and unit variable costs were budgeted at $3,250. Power Cord Corp.'s margin of safety ratio (M05%) is (rounded to two decimal points): (Do not round intermediate calculations.) Multiple Choice 90.52%. 92.96% 99.28% 90.52%. 92.96%. 99.28%. 91.40%. 0 . 97.19%

  • DO IT! 5 Zootsuit Inc, makes travel bags that sell for $56 each. For the coming...

    DO IT! 5 Zootsuit Inc, makes travel bags that sell for $56 each. For the coming year, management expects fixed costs to total $320,000 and variable costs to be $42 per unit. Compute the following: So-42/56 257 a) break-even point in dollars using the contribution margin (CM) ratio: 320100 = (1280,000 6.2.5 b) the margin of safety and margin of safety ratio assuming actual sales are $1,382,400; and 11382,400 - 1280000 c) the sales dollars required to earn net income...

  • Presto Company makes radios that sell for $28 each. For the coming year, management expects fixed...

    Presto Company makes radios that sell for $28 each. For the coming year, management expects fixed costs to total $278,880 and variable costs to be $16.80 per unit. (a) Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point $ (b) Compute the margin of safety ratio assuming actual sales are $944,715. (Round margin of safety ratio to 2 decimal places, e.g. 10.50%.) Margin of safety % (c) Compute the sales dollars required to earn net...

  • Concord Company makes radios that sell for $70 each. For the coming year, management expects fixed...

    Concord Company makes radios that sell for $70 each. For the coming year, management expects fixed costs to total $210,000 and variable costs to be $35 per unit. Compute the break-even point in dollars using the contribution margin (CM) ratio. (Round answer to 0 decimal places, e.g. 1,225.) Break-even point = Compute the margin of safety ratio assuming actual sales are $800,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.51.) Margin of safety Compute the sales dollars...

  • Grouper Company makes radios that sell for $60 each. For the coming year, management expects fixed...

    Grouper Company makes radios that sell for $60 each. For the coming year, management expects fixed costs to total $220,000 and variable costs to be $27 per unit. X Your answer is incorrect. Compute the break-even point in dollars using the contribution margin (CM) ratio. (Round answer to 0 decimal places, e.g. 1,225.) Break-even point $ e Textbook and Media X Your answer is incorrect. Compute the margin of safety ratio assuming actual sales are $800,000. (Round margin of safety...

  • Ivanhoe Company makes radios that sell for $40 each. For the coming year, management expects fixed...

    Ivanhoe Company makes radios that sell for $40 each. For the coming year, management expects fixed costs to total $153,360 and variable costs to be $28 per unit. Your answer is incorrect. Try again. Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point $ LINK TO TEXT LINK TO TEXT Your answer is incorrect. Try again. Compute the margin of safety ratio assuming actual sales are $720,000. (Round margin of safety ratio to 2 decimal...

  • Margin of safety Organic Health Care Products Inc. expects to maintain the same inventories at the end of 20YB as...

    Margin of safety Organic Health Care Products Inc. expects to maintain the same inventories at the end of 20YB as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during 20Y8. A summary report of these estimates is as follows: Estimated Variable Cost...

  • A firm expects to sell 26.000 units of its product at $12.00 per unit and to...

    A firm expects to sell 26.000 units of its product at $12.00 per unit and to incur variable costs per unit of $7.00. Total fixed costs are $80,000. The total contribution margin is: Multiple Choice Ο Si30,000. Ο $262.000. Ο $50,000. Ο $εαρού. Ο Si82000. We were unable to transcribe this imageKent Manufacturing produces a product that sells for $69.00 and has variable costs of $34.00 per unit. Fixed costs are $434.000. Kent can buy a new production machine that...

  • Nece 376.000 Chapter 18 Pop Test 2000xl = 275.000 1. A firm expects to sell 25.000...

    Nece 376.000 Chapter 18 Pop Test 2000xl = 275.000 1. A firm expects to sell 25.000 units of its product at Sil per unit. Pretax income is predicted to be $60,000. If the variable costs per unit are $5, total fixed costs must be: 5 2. During March, a fimm expects its total sales to be $160,000, its total variable costs to be 595,000, and its total fixed costs to be $25,000. The contribution margin for March is: S 3....

  • Margin of safety Organic Health Care Products Inc. expects to maintain the same inventories at the...

    Margin of safety Organic Health Care Products Inc. expects to maintain the same inventories at the end of 2048 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during 2078. A summary report of these estimates is as follows: Estimated Variable Cost...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT