Determine the break-even volume of work for a company with a fixed overhead of $63,000, a contribution
Question:
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (15 reviews)
Using Eq 109 and setting the profit equal to 60000 ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Construction accounting and financial management
ISBN: 978-0135017111
2nd Edition
Authors: Steven j. Peterson
Question Posted:
Students also viewed these Finance questions
-
For a company with a new product, how can you estimate its potential market share?
-
For a company with a cash flow problem, list at least three potential reasons for the problem and suggest a possible solution for each.
-
Imagine that you work for a company with an age diverse workforce. You have baby boomers working with millennial. Their backgrounds are different, and how they view work is different. This is causing...
-
Pooling agreements have been outlawed in all states. True/false
-
In a photoelectric experiment using a sodium surface, you find a stopping potential of 1.85 V for a wavelength of 300 nm and a stopping potential of 0.820 V for a wavelength of 400 nm. From these...
-
Holt Company paid out cash dividends at the end of each year as follows: Year Dividends 2018 ........................ $250,000 2019 ........................ $325,000 2020 ...........................
-
What does the variance tell us about data points?
-
Use the information from the Crystal Cruiseline Data Set. 1. Suppose Crystal Cruiseline cuts its dinner cruise ticket price from $ 50 to $ 40 to in-crease the number of passengers. Compute the new...
-
The Smith family is moving to Little Rock because of a job relocation. They decide to purchase a home near Ms. Smith's office which is in a part of town that was established in the mid-1980's. When...
-
A distillate containing 45 wt% isopropyl alcohol, 50 wt% diisopropyl ether, and 5 wt% water is obtained from the heads column of an isopropyl alcohol finishing umt. The company desires to recover the...
-
Determine the break-even volume of work for a company with a fixed overhead of $138,000, a contribution margin ratio of 8.9%, and a required level of profit of $100,000.
-
A construction company has a fixed overhead of $100,000 and a variable overhead of 2% of revenue. Historically, construction costs have been 90% of revenue. What is the minimum amount of sales that...
-
1. How is Zynga protecting relationships with its users as it takes a step away from Facebook? 2. Do you agree that both companies will benefit if gamers are eventually drawn away from Facebook to...
-
Explain and evaluate economic policies that aim to reduce negative externalities, using an example of either a negative production externality or a negative consumption externality in your...
-
Python help. Getting error on line 26. Correct the error. # dictionary of rooms and items rooms = { 'Hospital Room': {'East': 'Hall', 'item': 'None'}, 'Hall': {'East': 'Nurses Station', 'North':...
-
Please create a PowerPoint of 5-8 slides that provide an overview of your progress on your final case review paper and upload this as an attachment. (1) You should have the company that you have...
-
In Activity 8-1, you reviewed the bureaucracy at the federal and provincial levels. In this assignment, you will have the opportunity to experience firsthand the impact of municipal licenses and...
-
Identify one (1) organization known to successfully apply the Leadership organizational behavior concept to their organizational structure. *At least one of these organizations should come from...
-
The oxidation of SO 2 to SO 3 is one of the reactions involved in the formation of acid rain. If you want to predict the spontaneous direction of the reaction for a specific mixture of the gases, you...
-
Archangel Corporation prepared the following variance report. Instructions Fill in the appropriate amounts or letters for the question marks in the report. ARCHANGEL CORPORATION Variance...
-
Richard and Jennifer were married in 2010. They have a five-year-old child and a son born November 15, 2019. Richard's 67-year-old father lived in a nursing home until his death on May 23, 2019....
-
The Menendez Corporation expects to have sales of $12 million. Costs other than depreciation are expected to be 75 percent of sales, and depreciation is expected to be $1.5 million. All sales...
-
You have just obtained financial information for the past 2 years for Powell Panther Corporation. Answer the following questions. a. What is the net operating profit after taxes (NOPAT) for 2004? b....
-
The Herrmann Company has made $150,000 before taxes during each of the last 15 years, and it expects to make $150,000 a year before taxes in the future. However, in 2004 the firm incurred a loss of...
-
Shaw Company has the following account balances: Receivables $ 1 0 0 , 0 0 0 Inventory 1 5 0 , 0 0 0 Land 1 0 0 , 0 0 0 Building net 2 5 0 , 0 0 0 Liabilities 1 0 0 , 0 0 0 Common stock 1 0 0 , 0 0 0...
-
Mizan Corporation, a manufacturing company, prepares its financial statements annually. During the last month of the fiscal year, Mizan experiences a significant surge in sales. The sales team closes...
-
A firm uses job - order costing. Current period facts: Actual overhead: $ 1 0 4 , 6 8 8 Applied overhead: $ 1 0 4 , 9 0 5 Budgeted overhead: $ 1 0 8 , 6 9 8 COGS balance ( before closing ) : $ 3 9 0...
Study smarter with the SolutionInn App