Homework Answers
1) Option 'C' is correct
Total sales = total costs
Break even point is a point where total sales equals total costs i.e Total sale = variable costs + Fixed costs. At break even point there will be no profit or loss.
Break even point (dollar sales) = Fixed costs / Contribution margin ratio
2)
Option 'C' is correct
Direct Labor
Direct Labor is not a fixed cost. Direct labor is Classified as a variable cost. Variable costs are costs that would change in accordance with changes in sales volume. Where as, Management salaries, depreciation expense, lease payments are classified as fixed costs as they do not change with respect to change in volume.
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The break-even point is where: total sales total variable costs. total sales total variable costs plus...
Question 19 The break-even point is where total sales equal total variable costs total variable costs...
Question 19 The break-even point is where total sales equal total variable costs total variable costs equal total fixed costs contribution margin equals total fixed costs total sales equal total fixed costs.
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales are equal to variable costs. The break-even point can be expressed in both units sold and in sales dollars. The break-even point is where contribution margin is equal to fixed costs. O O The break-even point is the level of sales at which point profit is zero.
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Multiple Choice Question 153 At the break-even point, O contribution margin equals total variable costs. O...
Multiple Choice Question 153 At the break-even point, O contribution margin equals total variable costs. O sales equal total fixed costs. O sales equal total variable costs. O contribution margin equals total fixed costs. Click if you would like to Show Work for this question: Open Show Work! Question Atte bice hoice Type here to search
The amount by which actual or expected sales exceeds break-even sales is referred to as contribution...
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The Atlantic Company sells a product with a break-even point of 5,862 sales units. The variable...
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The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520....
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520. Determine the company's margin of safety percentage. Round answer to the nearest whole number. 36 % The Tom Company reports the following data. Sales $259,369 Variable costs 135,269 Fixed costs 51,100 Determine Tom Company's operating leverage. Round your answer to one decimal place. The Atlantic Company sells a product with a break-even point of 4,963 sales units. The variable cost is $101 per unit,...
Break even point for alternative 1 is? Break even point for alternative two is? Problem 18-4A...
Break even point for
alternative 1 is?
Break even point for alternative two is?
Problem 18-4A a-b (Part Level Submission) (Video) Carla Vista Corp.'s sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 585,500 units of product: sales $2,927,500, total costs and expenses $3,036,000, and net loss $108,500. Costs and expenses consisted of the amounts shown below. Cost of goods sold Selling...
1. Break-Even Point Radison Inc. sells a product for $97 per unit. The variable cost is...
1. Break-Even Point Radison Inc. sells a product for $97 per unit. The variable cost is $52 per unit, while fixed costs are $516,375. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $103 per unit. a. Break-even point in sales units ? units b. Break-even point if the selling price were increased to $103 per unit ? units 2. Outdoors Company sells a product for $150 per...
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Target Income and Margin of Safety At the break-even point, sales and costs are exactly equal. However, the goal of most companies is to make a profit. When a company decides that it wants to earn more than the break-even point of income, it must define the amount it thinks it will realistically make. By modifying the break-even equation, the sales required to earn a target or desired amount of profit may be computed. Complete the following: If a company...
Question 19 The break-even point is where total sales equal total variable costs total variable costs equal total fixed costs contribution margin equals total fixed costs total sales equal total fixed costs.
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales are equal to variable costs. The break-even point can be expressed in both units sold and in sales dollars. The break-even point is where contribution margin is equal to fixed costs. O O The break-even point is the level of sales at which point profit is zero.
Multiple Choice Question 153 At the break-even point, O contribution margin equals total variable costs. O sales equal total fixed costs. O sales equal total variable costs. O contribution margin equals total fixed costs. Click if you would like to Show Work for this question: Open Show Work! Question Atte bice hoice Type here to search
The amount by which actual or expected sales exceeds break-even sales is referred to as contribution margin margin of safety unanticipated profit. target net income. Question 22 Cost structure cannot be significantly changed by companies generally has little impact on profitability. refers to the relative proportion of fixed versus variable costs that a company incurs. refers to the relative proportion of operating versus nonoperating costs that a company incurs Question 19 The break-even point is where total sales equal total...
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520. Determine the company's margin of safety percentage. Round answer to the nearest whole number. 36 % The Tom Company reports the following data. Sales $259,369 Variable costs 135,269 Fixed costs 51,100 Determine Tom Company's operating leverage. Round your answer to one decimal place. The Atlantic Company sells a product with a break-even point of 4,963 sales units. The variable cost is $101 per unit,...
Break even point for
alternative 1 is?
Break even point for alternative two is?
Problem 18-4A a-b (Part Level Submission) (Video) Carla Vista Corp.'s sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 585,500 units of product: sales $2,927,500, total costs and expenses $3,036,000, and net loss $108,500. Costs and expenses consisted of the amounts shown below. Cost of goods sold Selling...
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