Stancil’s Dry Cleaners has determined the following about its costs: Total variable ex-penses are $ 45,000, total fixed expenses are $ 30,000, and the sales revenue needed to breakeven is $ 40,000. Determine Stancil’s current 1) sales revenue and 2) operating income.
Answer to relevant QuestionsHang Ten produces sports socks. The company has fixed expenses of $ 80,000 and variable expenses of $ 0.80 per package. Each package sells for $ 1.60. Requirements 1. Compute the contribution margin per package and the ...Refer to William’s Steel Parts in E7- 44B. William feels like he’s in a giant squeeze play: The automotive manufacturers are demanding lower prices, and the steel producers have in-creased raw material costs. William’s ...Terry medical Supplies is a retailer of home medical equipment. Last year, Terry’s sales revenues totaled $ 6,100,000. Total expenses were $ 2,590,000. Of this amount, approximately $ 1,342,000 were variable, while the ...A traveling production of Fiddler on the Roof performs each year. The average show sells 1,200 tickets at $ 55 a ticket. There are 115 shows each year. The show has a cast of 60, each earning an average of $ 320 per show. ...1. Define breakeven point. Why is the breakeven point important to managers? 2. Describe four different ways cost- volume- profit analysis could be useful to management. 3. The purchasing manager for Rockwell Fashion Bags ...
Post your question