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Break-Even and Target Profit Analysis
Super Sales Company is the exclusive distributor for a revolutionary bookbag. The product sells for $60 per unit and has a CM ratio of 40%. The company's fixedexpenses are $360,000 per year. The company plans to sell 17,000 bookbags this year.1. What are the variable expenses per unit?2. Using the equation method:a. What is the break-even point in units and in sales dollars?b. What sales level in units and in sales dollars is required to earn an annual profit of...
Multiple-Product Break-Even and Target Profit
Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 60,000 table fans in the coming year. Product price and cost information includes:Ceiling FanTable FanPrice$60 $13 Unit variable cost$13 $7 Direct fixed cost$24,600 $47,000 Common fixed selling and administrative expenses total $96,000.Required:1. What is the sales mix estimated for next year (calculated to the lowest whole number for each product)?Sales mix of ceiling fans to table fans = fill in the blank c5a24b074f9f057_1 : fill in the blank...
Chapter 3 - Journal Cost-Volume-Profit Analysis Break Even Analysis Break Even is the level of operations...
Chapter 3 - Journal Cost-Volume-Profit Analysis Break Even Analysis Break Even is the level of operations where Profit equals zero. EXERCISE 1: Abner Corporation makes a product that sells for $200 per unit. The Variable Costs per unit are $120. Fixed Costs total $500,000 each year. Abner currently sells 7,500 units per year. Calculate the number of units that Abner must sell to break even. Use the equation method to solve for the number of units Abner needs to sell...
7. Despite Break-even analysis is a useful tool to find out the break-even point, it has...
7. Despite Break-even analysis is a useful tool to find out the break-even point, it has a number of assumptions. Which of the following is incorrect? Course teacher: Steve Lam Course Assessment 3 A Total costs and total revenues do not have linear functions of output B Assuming costs can be classified into either fixed or variable elements C The analysis only considers the decision at the relevant range D Volume is the only factor affecting costs, and all other...
18. What is the profit at 100,000 units above break even? 19. What is the margin...
18. What is the profit at 100,000 units above break even?
19. What is the margin of safety at 1000 units above break
even?
20. What is the sales volume required to give $100,000 profit
before tax?
21. What is the sales volume required to give $180,000 after
tax, assuming a tax rate of 40%?
Child's Play Company makes a plastic rattle for toddlers. The rattle is generally marketed through exclusive retailers located in upscale shopping malls. The company used...
On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total...
On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total expenses line. On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total...
e break-even point will decrease. B. The break-even point will l break-even point will remain constant....
e break-even point will decrease. B. The break-even point will l break-even point will remain constant. Il other things held constant, how will an increase lll The effect on the break-even point can't be predicted with certainty. 4. Fixed costs: A. Fall as sales volume falls. C. Rise as sales volume falls. B. Rise as sales volume rises. D. Remain steady when sales volume changes. 5. Variable costs would include: A. Rent expense B. Depreciation expense-straight line. C. Sales commission...
All of the following are assumptions required to perform break-even and target profit calculations except: Group...
All of the following are assumptions required to perform break-even and target profit calculations except: Group of answer choices Costs can be separated into fixed and variable components. Contribution margin ratio remains constant for each product, segment, or department. Break-even points can only be calculated for single product companies. Sales mix remains constant with changes in sales volume. None of the answer choices is correct.
How would break even and cost volume profit analysis differ in a nonprofit setting as opposed...
How would break even and cost volume profit analysis differ in a nonprofit setting as opposed to a for profit environment? 2. How can cost volume profit analysis be used in nonprofit organizations? Provide at least one hypothetical example. 3. The concept of operating leverage is typically applied to for-profit organizations. How are the key concepts underlying operating leverage (ratio of fixed to variable costs) relevant to nonprofit organizations? In 3-5 sentences, explain the importance of operating leverage to a...
Break Even = BE Cost of ...
Break Even = BE Cost of Goods Sold Per Unit = CGS Operating Expenses = OE Price = P Gross Margin Per Unit = GM *This number represents the amount of money per unit that can be used to contribute to cover fixed costs and add to profit. BE = OE / (P-CGS) GM = (P-CGS) Use this formula to check your answers Revenue = Expenses Revenue = (PRICE * Quantity) Expenses = (Fixed Costs + (CGS * Quantity) ------------------------------------------------------------------------------------------------------------...
Chapter 3 - Journal Cost-Volume-Profit Analysis Break Even Analysis Break Even is the level of operations where Profit equals zero. EXERCISE 1: Abner Corporation makes a product that sells for $200 per unit. The Variable Costs per unit are $120. Fixed Costs total $500,000 each year. Abner currently sells 7,500 units per year. Calculate the number of units that Abner must sell to break even. Use the equation method to solve for the number of units Abner needs to sell...
7. Despite Break-even analysis is a useful tool to find out the break-even point, it has a number of assumptions. Which of the following is incorrect? Course teacher: Steve Lam Course Assessment 3 A Total costs and total revenues do not have linear functions of output B Assuming costs can be classified into either fixed or variable elements C The analysis only considers the decision at the relevant range D Volume is the only factor affecting costs, and all other...
18. What is the profit at 100,000 units above break even?
19. What is the margin of safety at 1000 units above break
even?
20. What is the sales volume required to give $100,000 profit
before tax?
21. What is the sales volume required to give $180,000 after
tax, assuming a tax rate of 40%?
Child's Play Company makes a plastic rattle for toddlers. The rattle is generally marketed through exclusive retailers located in upscale shopping malls. The company used...
On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total expenses line. On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total...
e break-even point will decrease. B. The break-even point will l break-even point will remain constant. Il other things held constant, how will an increase lll The effect on the break-even point can't be predicted with certainty. 4. Fixed costs: A. Fall as sales volume falls. C. Rise as sales volume falls. B. Rise as sales volume rises. D. Remain steady when sales volume changes. 5. Variable costs would include: A. Rent expense B. Depreciation expense-straight line. C. Sales commission...
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