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QUESTION 2 The Detroit Red Wings need to calculate the break even ticket sales for their...
.Jefferson City has decided to invite an orchestra to play in the city's museum. break even...
.Jefferson City has decided to invite an orchestra to play in the city's museum. break even on sales. The city estimates that their total fixed costs are $300,000 Your job is to calculate the cost of an individual ticket in order for the city to The variable cost is $20.00 per ticket. A. If the city sets the price of the ticket at $75.00, how many tickets does the ty need to sell in order to break even? B. If...
Activity 13.3 - Price Calculation – Breakeven Pricing Often a firm will calculate the break-even point...
Activity 13.3 - Price Calculation – Breakeven Pricing Often a firm will calculate the break-even point for a price. That is, if we set the price at $X, then how many units will we need to sell to cover costs (that is, our break-even point). Work through the following two examples to gain a better understanding of this approach. Fixed Costs = $10,000 Variable Costs = $10 Using break-even analysis calculate: 1. How many units need to be sold to...
1. Break-Even Sales and Sales Mix for a Service Company Zero Turbulence Airline provides air transportation...
1. Break-Even Sales and Sales Mix for a Service Company Zero Turbulence Airline provides air transportation services between Los Angeles, California; and Kona, Hawaii. A single Los Angeles to Kona round-trip flight has the following operating statistics: Fuel $8,883 Flight crew salaries 6,804 Airplane depreciation 3,213 Variable cost per passenger—business class 50 Variable cost per passenger—economy class 40 Round-trip ticket price—business class 520 Round-trip ticket price—economy class 260 It is assumed that the fuel, crew salaries, and airplane depreciation are...
APPLY THE CONCEPTS: Calculate the break-even point in sales dollars for Lennon Products Further analysis of...
APPLY THE CONCEPTS: Calculate the break-even point in sales dollars for Lennon Products Further analysis of Lennon Products’s fixed costs revealed that the company actually faces annual fixed overhead costs of $9,800 and annual fixed selling and administrative costs of $4,200. Variable cost estimates are correct: direct materials cost, $4.00 per unit; direct labor costs, $5.00 per unit; and variable overhead costs, $1.00 per unit. At this time, the selling price of $20 will not change. Complete the following formulas...
The businesses information for 2 products is: Product % of total sales * Break-even point.Product A...
The businesses information for 2 products is: Product % of total sales * Break-even point.Product A ProductB Sales Price $16 $29 Variable Costs $6 $9 Annual sales (units) 12,000 8,000 Fixed Costs(all products) $120,000 Complete the following: 1.Identify the sales mix. 2.Calculate the unit contribution margin for each product. 3.Calculate the weighted average unit contribution margin (WACM): 4.Calculate the break-even point based on the WACM 5.Calculate the break-even point for the individual products as:
ACC2233 Hand-In Assignment 3 QUESTION 1 Compute the Break-Even Point Mackson Products distributes a single product,...
ACC2233 Hand-In Assignment 3 QUESTION 1 Compute the Break-Even Point Mackson Products distributes a single product, a woven basket, its selling price is $8 and its variable cost is $6 per unit. The company's monthly fixed expense is $5,500 Required: 1. Solve for the company's break-even point in unit sales using the equation method. 2. Solve for the company's break-even point in sales dollars using the equation method and CM ratio. 3. Solve for the company's break-even point in unit...
Need help with the accounting problem. Problem 21-7A Break-even analysis with composite units LO P4 Patriot...
Need help with the accounting problem.
Problem 21-7A Break-even analysis with composite units LO P4 Patriot Co. manufactures and sells three products: red, white, and blue. Their unit selling prices are red, $53; white, $83; and blue, $108. The per unit variable costs to manufacture and sell these products are red, $38; white, $58; and blue, $78. Their sales mix is reflected in a ratio of 5:4:2 (red:white:blue). Annual fixed costs shared by all three products are $148,000. One type...
Break-Even Units and Sales Revenue: Margin of Safety Dupli-Pro Copy Shop provides photocopying service. Next year,...
Break-Even Units and Sales Revenue: Margin of Safety Dupli-Pro Copy Shop provides photocopying service. Next year, Dupli-Pro estimates it will copy 2,900,000 pages at a price of $0.08 each in the coming year. Product costs include: Direct materials $0.012 Direct labor $0.004 Variable overhead $0.002 Total fixed overhead $119,920 There is no variable selling expense; fixed selling and administrative expenses total $45,000. Required: In your computations that involve the contribution margin ratio, do not round the ratio. 1. Calculate the...
Break-Even Units and Sales Revenue: Margin of Safety Dupli-Pro Copy Shop provides photocopying service. Next year,...
Break-Even Units and Sales Revenue: Margin of Safety Dupli-Pro Copy Shop provides photocopying service. Next year, Dupli-Pro estimates it will copy 2,920,000 pages at a price of $0.06 each in the coming year. Product costs include: Direct materials Direct labor Variable overhead Total fixed overhead $0.009 $0.003 $0.001 $87,670 There is no variable selling expense; fixed selling and administrative expenses total $35,000. Required: In your computations that involve the contribution margin ratio, do not round the ratio. 1. Calculate the...
APPLY THE CONCEPTS: Calculate the break-even point in sales dollars for Epstein Hardware Further analysis of Epstein Har...
APPLY THE CONCEPTS: Calculate the break-even point in sales dollars for Epstein Hardware Further analysis of Epstein Hardware’s fixed costs revealed that the company actually faces annual fixed overhead costs of $9,800 and annual fixed selling and administrative costs of $4,200. Variable cost estimates are correct: direct materials cost, $4.00 per unit; direct labor costs, $5.00 per unit; and variable overhead costs, $1.00 per unit. At this time, the selling price of $20 will not change. Complete the following formulas...
.Jefferson City has decided to invite an orchestra to play in the city's museum. break even on sales. The city estimates that their total fixed costs are $300,000 Your job is to calculate the cost of an individual ticket in order for the city to The variable cost is $20.00 per ticket. A. If the city sets the price of the ticket at $75.00, how many tickets does the ty need to sell in order to break even? B. If...
Activity 13.3 - Price Calculation – Breakeven Pricing Often a firm will calculate the break-even point for a price. That is, if we set the price at $X, then how many units will we need to sell to cover costs (that is, our break-even point). Work through the following two examples to gain a better understanding of this approach. Fixed Costs = $10,000 Variable Costs = $10 Using break-even analysis calculate: 1. How many units need to be sold to...
ACC2233 Hand-In Assignment 3 QUESTION 1 Compute the Break-Even Point Mackson Products distributes a single product, a woven basket, its selling price is $8 and its variable cost is $6 per unit. The company's monthly fixed expense is $5,500 Required: 1. Solve for the company's break-even point in unit sales using the equation method. 2. Solve for the company's break-even point in sales dollars using the equation method and CM ratio. 3. Solve for the company's break-even point in unit...
Need help with the accounting problem.
Problem 21-7A Break-even analysis with composite units LO P4 Patriot Co. manufactures and sells three products: red, white, and blue. Their unit selling prices are red, $53; white, $83; and blue, $108. The per unit variable costs to manufacture and sell these products are red, $38; white, $58; and blue, $78. Their sales mix is reflected in a ratio of 5:4:2 (red:white:blue). Annual fixed costs shared by all three products are $148,000. One type...
Break-Even Units and Sales Revenue: Margin of Safety Dupli-Pro Copy Shop provides photocopying service. Next year, Dupli-Pro estimates it will copy 2,920,000 pages at a price of $0.06 each in the coming year. Product costs include: Direct materials Direct labor Variable overhead Total fixed overhead $0.009 $0.003 $0.001 $87,670 There is no variable selling expense; fixed selling and administrative expenses total $35,000. Required: In your computations that involve the contribution margin ratio, do not round the ratio. 1. Calculate the...
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