What happens if a toaster company makes 10,000 toasters to sell for $80 and they only...
- What happens if a toaster company makes 10,000 toasters to sell for $80 and they only sell 7,000? What would they do with the other 3,000 toasters?
Homework Answers
In this case, the firm can lower the price (i.e. selling the remaining 3000 toasters at a discount) to increase quantity demanded.
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What happens if a toaster company makes 10,000 toasters to sell
for $80 and they only...
The Goldfarb Company manufactures and sells toasters. Each toaster sells for $23.15 and the variable cost...
The Goldfarb Company manufactures and sells toasters. Each toaster sells for $23.15 and the variable cost per unit is $16.05. Goldfarb's total fixed costs are $24,400, and budgeted sales are 7,400 units. What is the contribution margin per unit? Multiple Choice $23.15 $710 $16.05 $118 $52,540
) Makers Mark Company manufactures two products, toaster ovens and bread machines. The following data are...
) Makers Mark Company manufactures two products, toaster ovens and bread machines. The following data are available: Toaster Ovens Bread Machines Sale price $80 $150 Variable costs $40 $100 Makers Mark can manufacture six toaster ovens per machine hour and four bread machines per machine hour. Makers Mark Living's production capacity is 1,800 machine hours per month. Marketing limitations indicate that Makers Mark can sell a maximum of 5,000 toasters a month, and 4,000 bread machines per month. Which product...
Question 29 (2 points) ✓ Saved The Kitchen Company makes toaster ovens and bread machines. Toaster...
Question 29 (2 points) ✓ Saved The Kitchen Company makes toaster ovens and bread machines. Toaster ovens Sales price per unit: $60 Variable costs per unit: $32 Machine hours required per unit: 1 hr Bread machines Sales price per unit: $135 Variable costs per unit: $95 Machine hours required per unit: 2 hrs Machine hours is the limited resource. The company's production capacity is 15,000 machine hours. To maximize profits, the Kitchen Company should produce 15,000 toaster ovens 7,500 bread...
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following...
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results while operating at 75% of plant capacity: Sales (347,200 units) $4,380,000 Cost of goods sold 2,589,120 Gross profit 1,790,880 Operating expenses 837,620 Net income $953,260 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Moonbeam receives a special order for 18,300 toasters at $7.67 each from Luna Company of Ciudad Juarez....
Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following...
Moonbeam Company manufactures toasters. For the first 8 months
of 2017, the company reported the following operating results while
operating at 75% of plant capacity:
Sales (349,200 units)
$4,375,000
Cost of goods sold
2,595,000
Gross profit
1,780,000
Operating expenses
839,300
Net income
$940,700
Cost of goods sold was 77% variable and 23% fixed; operating
expenses were 87% variable and 13% fixed.
In September, Moonbeam Company receives a special order for 18,500
toasters at $8.03 each from Luna Company of Ciudad...
Ralston Company makes 10,000 units per year of a part it uses in the products it...
Ralston Company makes 10,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials $13.20 Direct labor 20.80 Variable manufacturing overhead 3.00 Fixed manufacturing overhead 10.90 Unit product cost $47.90 An outside supplier has offered to sell the company all of these parts it needs for $42.30 a unit. If the company accepts this offer, the facilities now being used to make the part...
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following...
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results while operating at 75% of plant capacity: Sales (341,600 units) $4,375,000 Cost of goods sold 2,610,800 Gross profit 1.764,200 Operating expenses 841,190 Net income $923,010 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Moonbeam receives a special order for 23,100 toasters at $7.85 each from Luna Company of Cludad Juarez....
Sheffield Company manufactures toasters. For the first 8 months of 2020, the company reported the following...
Sheffield Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results while operating at 75% of plant capacity: Sales (369,600 units) $4,372,000 Cost of goods sold 2.597,760 Gross profit 1.774,240 Operating expenses 836,220 Net income $938,020 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Sheffield receives a special order for 21.800 toasters at $7.00 each from Luna Company of Ciudad Juarez....
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following...
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results while operating at 75% of plant capacity: Sales (358,400 units) $4,377,000 Cost of goods sold 2,590,720 Gross profit 1,786,280 Operating expenses 837,760 $948,520 Net income Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Moonbeam receives a special order for 24,500 toasters at $8.38 each from Luna Company of Ciudad Juarez....
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following...
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results while operating at 75% of plant capacity: Sales (352,800 units) Cost of goods sold Gross profit Operating expenses Net income $4,379,000 2,605,680 1,773,320 837,900 $935,420 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Moonbeam receives a special order for 19,100 toasters at $7.99 each from Luna Company of Ciudad Juarez....
The Goldfarb Company manufactures and sells toasters. Each toaster sells for $23.15 and the variable cost per unit is $16.05. Goldfarb's total fixed costs are $24,400, and budgeted sales are 7,400 units. What is the contribution margin per unit? Multiple Choice $23.15 $710 $16.05 $118 $52,540
Question 29 (2 points) ✓ Saved The Kitchen Company makes toaster ovens and bread machines. Toaster ovens Sales price per unit: $60 Variable costs per unit: $32 Machine hours required per unit: 1 hr Bread machines Sales price per unit: $135 Variable costs per unit: $95 Machine hours required per unit: 2 hrs Machine hours is the limited resource. The company's production capacity is 15,000 machine hours. To maximize profits, the Kitchen Company should produce 15,000 toaster ovens 7,500 bread...
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results while operating at 75% of plant capacity: Sales (347,200 units) $4,380,000 Cost of goods sold 2,589,120 Gross profit 1,790,880 Operating expenses 837,620 Net income $953,260 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Moonbeam receives a special order for 18,300 toasters at $7.67 each from Luna Company of Ciudad Juarez....
Moonbeam Company manufactures toasters. For the first 8 months
of 2017, the company reported the following operating results while
operating at 75% of plant capacity:
Sales (349,200 units)
$4,375,000
Cost of goods sold
2,595,000
Gross profit
1,780,000
Operating expenses
839,300
Net income
$940,700
Cost of goods sold was 77% variable and 23% fixed; operating
expenses were 87% variable and 13% fixed.
In September, Moonbeam Company receives a special order for 18,500
toasters at $8.03 each from Luna Company of Ciudad...
Ralston Company makes 10,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials $13.20 Direct labor 20.80 Variable manufacturing overhead 3.00 Fixed manufacturing overhead 10.90 Unit product cost $47.90 An outside supplier has offered to sell the company all of these parts it needs for $42.30 a unit. If the company accepts this offer, the facilities now being used to make the part...
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results while operating at 75% of plant capacity: Sales (341,600 units) $4,375,000 Cost of goods sold 2,610,800 Gross profit 1.764,200 Operating expenses 841,190 Net income $923,010 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Moonbeam receives a special order for 23,100 toasters at $7.85 each from Luna Company of Cludad Juarez....
Sheffield Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results while operating at 75% of plant capacity: Sales (369,600 units) $4,372,000 Cost of goods sold 2.597,760 Gross profit 1.774,240 Operating expenses 836,220 Net income $938,020 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Sheffield receives a special order for 21.800 toasters at $7.00 each from Luna Company of Ciudad Juarez....
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results while operating at 75% of plant capacity: Sales (358,400 units) $4,377,000 Cost of goods sold 2,590,720 Gross profit 1,786,280 Operating expenses 837,760 $948,520 Net income Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Moonbeam receives a special order for 24,500 toasters at $8.38 each from Luna Company of Ciudad Juarez....
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results while operating at 75% of plant capacity: Sales (352,800 units) Cost of goods sold Gross profit Operating expenses Net income $4,379,000 2,605,680 1,773,320 837,900 $935,420 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Moonbeam receives a special order for 19,100 toasters at $7.99 each from Luna Company of Ciudad Juarez....
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