Given the following information, answer the questions: The ratio of variable cost per unit divided by selling
Question:
Given the following information, answer the questions:
- The ratio of variable cost per unit divided by selling price per unit equals 0.3.
- Fixed costs amount to $60,000 .
(a) Draw the cost–volume–profit diagram .
(b) What is the break‐even point?
(c) What effect would an 8% decrease in selling price have on the break‐even point from part (b)?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Given The contribution margin rate 1 v p 07 F 60000 a The cost...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Given the following information, compute the economic order quantity, annual holding cost, annual order cost and annual total inventory cost. Annual requirements (R) = 50,000 units Order cost (S) =...
-
Multiple Choice Questions 1. If the margin of safety is 0, then a. The company is precisely breaking even. b. The company is operating at a loss. c. The company is earning a small profit. d. The...
-
Answer the following questions. REQUIRED 1. Dalton Computers makes 5,000 units of a circuit board, CB76, at a cost of $230 each. Variable cost per unit is $180 and fixed cost per unit is $50. Peach...
-
During one week, four production employees of Martinez Manufacturing Company worked the hours shown below. All these employees receive overtime pay at one and one-half times their regular hourly rate...
-
The penguin to the left in the accompanying photo is about to land on an ice floe. Just before it lands, is its speed greater than, less than, or equal to its speed when it left the water?
-
Congratulations! You have just won $2 billion in the largest Powerball jackpot payoff ever! You will receive payments of $100,000,000 per year for the next 20 years. Required: Using a present value...
-
Express the stress-strain relationships in Equation 2.37 in terms of offaxis engineering constants such as the moduli of elasticity, shear modulus, Poisson's ratios, and shear-coupling ratios. 3 Ex...
-
Condensed financial data of Fulton Corp. for 2014 and 2013 are presented below. FULTON CORP. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2014 Sales ............... $15,200 Cost of goods sold...
-
What would be good thorough answers to the below questions? The role of the financial manager is crucial inevery type of organization. Locate a job posting for a financial manager position from any...
-
The following figures are taken from the 2003 financial statements of McDonalds and Wendys. Figures are in million dollars. McDonald's Wendy's Inventory $ 120.0 $ 38.9 Revenue 17,054.4 3,077.1 Cost...
-
The Austin Electric Company has three product lines of surge protectors commonly used in PC and other electronic devicesA, B, and Chaving a contribution margin of $3, $2, and $1, respectively. The...
-
Suppose ADI Corporations break-even sales volume is $500,000 with fixed costs of $250,000. (a) Compute the contribution margin percentage. (b) Compute the selling price if variable costs are $15 per...
-
The budgeted unit sales of Haerve Company for the upcoming fiscal year are provided below: The companys variable selling and administrative expenses per unit are $2.75. Fixed selling and...
-
Sketf the graph /1- (29) and find the area enclosed
-
Who Worked as an HR and organization consultant in 23 countries before taking a role in academia? [Name of person] Who identified four generic strategies that any business might pursue: prospector,...
-
Assume that the company produces and sells 98,000 units during the year at a selling price of $9.00 per unit. Prepare a contribution format income statement for the year. Note: Round your...
-
If the mean absolute percentage error (MAPE) is at a -4% what should the hotel implement immediately? Explain.
-
How many inventory items at Roger Company have a market value that exceeds $10,000? What is the total market value of those items? How many inventory items at Roger Company have a value-at-cost in...
-
Re-work Problem 4-89 when the tuition increase for your sophomore year is 10%; for your junior year, 12%; and for your senior year, 8%. Your parents savings account earns 4% for the first two years,...
-
A horizontal annulus with inside and outside diameters of 8 and 10 cm, respectively, contains liquid water. The inside and outside surfaces are maintained at 40 and 20oC, respectively. Calculate the...
-
Find an example of vertical integration within your city. Are there any particular a d vantages to this vertical integration? If so, what are they? If there are no advantages, how do you explain the...
-
What would happen if retailer-organized channels (either formally integrated or a d ministered) dominated consumer products marketing?
-
How does the nature of the product relate to the degree of market exposure desired?
-
Martin Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year is as follows: Actual manufacturing overhead Estimated...
-
$ 719,000 280,000 439,000 150,400 Joyner Company's income statement for Year 2 follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating...
-
FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: Beginning inventory 22 units at $44 Sale 18 units at $62 First purchase 18...
Study smarter with the SolutionInn App