Homework Answers
| Units Sold | Selling price | Total Revenue |
| 25 | $4.64 | $116.00 |
| 30 | $10.99 | $329.70 |
| 12 | $1,233.00 | $14,796.00 |
| 75 | $545.75 | $40,931.25 |
| 20 | $45.03 | $900.60 |
| Units Sold | Selling price | Total Revenue |
| 25 | $2.00 | $50.00 |
| 30 | $5.50 | $165.00 |
| 12 | $620.00 | $7,440.00 |
| 75 | $280.00 | $21,000.00 |
| 20 | $20.00 | $400.00 |
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7-7. Calculate Total Revenue for the items below. Selling Price Total Revenue $116.00 $4.64 $10.99 Units Sold a. 25...
Calculate revenue. Revenue is the quantity sold times the price for the product. The quantity sold...
Calculate revenue. Revenue is the quantity sold times the price
for the product. The quantity sold will be the smaller of the
quantity supplied or the quantity demanded. (You can't sell more
than you are willing to make even if the market demands a higher
quantity. Likewise you can't sell more than is demanded even if you
are willing to supply more than the quantity demanded.) You will
need to calculate which of these values is smaller because quantity
demanded...
Calculate the missing total-revenue and marginal-revenue amounts a. Calculate the missing total-revenue and marginal-revenue amounts. mbers...
Calculate the missing total-revenue and marginal-revenue amounts
a. Calculate the missing total-revenue and marginal-revenue amounts. mbers be sure to Instructions: Enter your answers as whole numbers in the gray shaded cells. If you are entering any negative nu include a negative sign () in front of those numbers. Production and Costs Demand Total Marginal Total Average Fixed Average Average Total Marginal Price Demanded Revenue Revenue $115 100 83 uct Cost Variable Cost Cost Cost $45.00 42 50 40 00 37.50...
Total Revenue Profit Total Cost CVP Analysis Variable Cout Fed Cost Units Sold In Class Example...
Total Revenue Profit Total Cost CVP Analysis Variable Cout Fed Cost Units Sold In Class Example Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $60 per unit. Variable selling expenses are $18 per unit, annual fixed manufacturing costs are $480,000, and fixed selling and administrative costs are $240,000 per year. (1) Calculate the breakeven point in units and sales dollars. (2) Prepare a contribution margin income statement to...
1. In 2019, X Company sold 5,650 units of its only product. Total revenue was $1,415,890,...
1. In 2019, X Company sold 5,650 units of its only product. Total revenue was $1,415,890, total variable costs were $773,485, and total fixed costs were $616,000. In 2020, there are only two expected changes: variable costs will increase by $4.60 per unit, and fixed costs will decrease by $21,200. How many units must X Company sell in 2020 in order to earn $32,000? 2. In 2019, X Company's profit function was 0.40R - $93,700, where R is revenue. In...
CORN CONVENTIONAL TILLAGE NORTH ALABAMA PRICE OR TOTAL PER QUANTITY COST/UNIT ACRE A. REVENUE B. ...
CORN CONVENTIONAL TILLAGE NORTH ALABAMA PRICE OR TOTAL PER QUANTITY COST/UNIT ACRE A. REVENUE B. OPERATING EXPENSES ACRE 150.00 6.00 900.00 Seed Treatment Tech Fee ACRE ACRE 28.00 0.00 1.00 2.50 70.00 0.00 0.00 0.00 0.00 120.00 60.00 60.00 1.00 0.33 1.00 1.00 1.00 1.00 0.57 68.40 0.49 29.40 0.49 29.40 8.00 8.00 33.26 10.98 20.00 20.00 7.00 7.00 0.00 0.00 0.00 0.00 UNITS UNITS ACRE TONS ACRE ACRE 1 ACRE ACRE Lime (Prorated) Fungicides Nematicide 5.00 0.00 12.00 0.00...
8 pt In 2019. X Company sold 5.300 units of its only product. Total revenue was...
8 pt In 2019. X Company sold 5.300 units of its only product. Total revenue was $1,379,060, total variable costs were $586,710, and total fixed costs were $593,000. In 2020, there are only two expected changes: variable costs will decrease by 4.70 per unit, and fixed costs will decrease by $23,700. How many units must X Company sell in 2020 in order to em $38,000? 7. AO 2,716 BO 3,938 CO 5,711 DO 8,280 EO 12,007 FO 17,410
8 pt In 2019, X Company sold 6.100 units of its only product. Total revenue was...
8 pt In 2019, X Company sold 6.100 units of its only product. Total revenue was $1.525.000, total variable costs were $735.660, and total fixed costs were $646.000. In 2020, there are only two expected changes: variable costs will increase by $5.00 per unit, and fixed costs will increase by $43.800. How many units must X Company sell in 2020 in order to earn $36,000 7. AO 4,262 BO 4,987 CO 5.834 DO 6.826 EO 7.987 FO 9,344
1. A company sold a total of 1,000 units for total sales revenue of $65,000. The...
1. A company sold a total of 1,000 units for total sales revenue of $65,000. The company incurred total variable expenses of $45,500 and total fixed expenses of $ 14,040. Based on this, the company reported a total contribution margin of $19,500 and net operating income of $ 5,460. Use this information to answer the following questions. Assume that all units are within the relevant range. Calculate the per-unit contribution margin. (Round your answer to 2 decimal places.)? Calculate the...
1. The number of units sold increases by 17%. 2. The selling price decreases by $1.30...
1. The number of units sold increases by 17%.
2. The selling price decreases by $1.30 per unit, and the number
of units sold increases by 23%.
3. The selling price increases by $1.30 per unit, fixed expenses
increase by $6,000, and the number of units sold decreases by
7%.
4. The selling price increases by 20%, variable expenses
increase by 20 cents per unit, and the number of units sold
decreases by 11%.
Miller Company's most recent contribution...
Table 1: Pepita Disco Performance, 2011 (UYU in millions) Units sold 100 million units Revenue 200...
Table 1: Pepita Disco Performance, 2011 (UYU in millions) Units sold 100 million units Revenue 200 Variable costs Materials 30 Direct labor(manufacturing,sales) 40 Opearational costs(manufacturing,inventory,delivery) 30 Other variable costs 20 Margin on Sales 80 Fixed Costs Marketing and advertising 10 Research and development 10 Other fixed costs(e.g head office) 40 Net margin 20 Now, imagine a similar company, called Yuckles Pet Products, which sells more expensive products than Pepita Disco. It has exactly the same revenues, total fixed costs, and...
Calculate revenue. Revenue is the quantity sold times the price
for the product. The quantity sold will be the smaller of the
quantity supplied or the quantity demanded. (You can't sell more
than you are willing to make even if the market demands a higher
quantity. Likewise you can't sell more than is demanded even if you
are willing to supply more than the quantity demanded.) You will
need to calculate which of these values is smaller because quantity
demanded...
Calculate the missing total-revenue and marginal-revenue amounts
a. Calculate the missing total-revenue and marginal-revenue amounts. mbers be sure to Instructions: Enter your answers as whole numbers in the gray shaded cells. If you are entering any negative nu include a negative sign () in front of those numbers. Production and Costs Demand Total Marginal Total Average Fixed Average Average Total Marginal Price Demanded Revenue Revenue $115 100 83 uct Cost Variable Cost Cost Cost $45.00 42 50 40 00 37.50...
Total Revenue Profit Total Cost CVP Analysis Variable Cout Fed Cost Units Sold In Class Example Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $60 per unit. Variable selling expenses are $18 per unit, annual fixed manufacturing costs are $480,000, and fixed selling and administrative costs are $240,000 per year. (1) Calculate the breakeven point in units and sales dollars. (2) Prepare a contribution margin income statement to...
CORN CONVENTIONAL TILLAGE NORTH ALABAMA PRICE OR TOTAL PER QUANTITY COST/UNIT ACRE A. REVENUE B. OPERATING EXPENSES ACRE 150.00 6.00 900.00 Seed Treatment Tech Fee ACRE ACRE 28.00 0.00 1.00 2.50 70.00 0.00 0.00 0.00 0.00 120.00 60.00 60.00 1.00 0.33 1.00 1.00 1.00 1.00 0.57 68.40 0.49 29.40 0.49 29.40 8.00 8.00 33.26 10.98 20.00 20.00 7.00 7.00 0.00 0.00 0.00 0.00 UNITS UNITS ACRE TONS ACRE ACRE 1 ACRE ACRE Lime (Prorated) Fungicides Nematicide 5.00 0.00 12.00 0.00...
8 pt In 2019. X Company sold 5.300 units of its only product. Total revenue was $1,379,060, total variable costs were $586,710, and total fixed costs were $593,000. In 2020, there are only two expected changes: variable costs will decrease by 4.70 per unit, and fixed costs will decrease by $23,700. How many units must X Company sell in 2020 in order to em $38,000? 7. AO 2,716 BO 3,938 CO 5,711 DO 8,280 EO 12,007 FO 17,410
8 pt In 2019, X Company sold 6.100 units of its only product. Total revenue was $1.525.000, total variable costs were $735.660, and total fixed costs were $646.000. In 2020, there are only two expected changes: variable costs will increase by $5.00 per unit, and fixed costs will increase by $43.800. How many units must X Company sell in 2020 in order to earn $36,000 7. AO 4,262 BO 4,987 CO 5.834 DO 6.826 EO 7.987 FO 9,344
1. The number of units sold increases by 17%.
2. The selling price decreases by $1.30 per unit, and the number
of units sold increases by 23%.
3. The selling price increases by $1.30 per unit, fixed expenses
increase by $6,000, and the number of units sold decreases by
7%.
4. The selling price increases by 20%, variable expenses
increase by 20 cents per unit, and the number of units sold
decreases by 11%.
Miller Company's most recent contribution...
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