Assume the selling price per unit is $30, the contribution margin ratio is 40%, and the total
Question:
Assume the selling price per unit is $30, the contribution margin ratio is 40%, and the total fixed cost is $60,000. What is the break-even point in unit sales?
a. 2,000
b. 3,000
c. 4,000
d. 5,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Choice d The contributi...View the full answer
Answered By
Ashok Kumar Malhotra
Chartered Accountant - Accounting and Management Accounting for 15 years.
QuickBooks Online - Certified ProAdvisor (Advance - QuickBooks Online for 3 years.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
ISE Introduction To Managerial Accounting
ISBN: 9781260091755
8th Edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
Question Posted:
Students also viewed these Business questions
-
Toby's Bakery Store uses the accrual basis of accounting. A customer ordered cupcakes on June 5. Toby delivered the cupcakes to the customer on June 7. The customer mailed payment to Toby on June 10....
-
Use the table to find the following derivatives. 1 f'(x) 3 g'(x) 2 X 2 5 4 3 2 3 4 1 1 5 4 5
-
Use the table to find the following derivatives. 1 f'(x) 3 g'(x) 2 X 2 5 4 3 2 3 4 1 1 5 4 5
-
If an object is dropped from a height h, then the time t required for the object to strike the ground is directly proportional to the square root of h. If it requires 1 second for an object to fall...
-
Comcast Corporation is the largest cable television company, the second largest Internet service provider, and the fourth largest telephone service provider in the United States. Generally known for...
-
Sydney just opened a savings account with an initial deposit of $2,500. The interest rate starts at 2 percent compounded annually and doubles every 4 years. a. How much will Sydney have in the...
-
Can you present a graphic that presents the payroll disbursement amounts by date for the contact employee who has been terminated but has been paid after termination (i.e., ghost employees)?
-
Murphy Delivery Service completed the following transactions during December 2018: Dec. 1 Murphy Delivery Service began operations by receiving $13,000 cash and a truck with a fair value of $9,000...
-
1. You invest $2000 in an account that pays simple interest of 7% for 10 years. The amount of money you'll have at the end of 10 years is: 2. Use the compound interest formula to determine the...
-
Assume a company produces one product that sells for $55, has a variable cost per unit of $35, and has fixed costs of $100,000. How many units must the company sell to earn a target profit of...
-
The contribution margin ratio always increases when (you may select more than one answer): a. Sales increase. b. Fixed costs decrease. c. Total variable costs decrease. d. Variable costs as a percent...
-
If A, B, and C are true statements and X, Y, and Z are false statements, which of the following are true? ~[(A B) ~(B A)]
-
1. At ABC University, a group of students was selected and asked how much of their weekly allowance they spent in buying mobile phone load. The following is the list of amounts spent: Php 120, 110,...
-
Simplify using exponent rules, (5ab22a5b4)
-
Jackie Co., a 90% owned subsidiary of Nick Inc., sold land to Nick on May 1, 2024, for $80,000. The land originally cost Jackie $85,000. Jackie reported net income of $200,000, $180,000, and $220,000...
-
Since Ryanair DAC's2 emergence as an upstart challenger to the Aer Lingus Ltd.-British Airways plc duopoly in the late 1980s, it had been both a consumer champion and antagonist; a technological...
-
Determine the angle 0 at which the bar AB is in equilibrium if W = 51.02 N. Neglect the weight of the bar and friction. A 1 m 2 m W B
-
Suppose we obtain an emission spectrum for hydrogen at very high temperature (when some of the atoms are in excited states), and an absorption spectrum at room temperature, when all atoms are in the...
-
Thalina Mineral Works is one of the worlds leading producers of cultured pearls. The companys condensed statement of cash flows for the years 20182020 follows. Required Comment on Thalina Mineral...
-
The Perez Company has the opportunity to invest in one of two mutually exclusive machines that will produce a product it will need for the foreseeable future. Machine A costs $10 million but realizes...
-
Filkins Fabric Company is considering the replacement of its old, fully depreciated knitting machine. Two new models are available: Machine 190-3, which has a cost of $190,000, a 3-year expected...
-
The Scampini Supplies Company recently purchased a new delivery truck. The new truck cost $22,500, and it is expected to generate net after-tax operating cash flows, including depreciation , of...
-
One of the most notable cases of financial statement fraud involving a public company in the last five years is the case of Wirecard AG, a German payment processor and financial services provider....
-
ABOUT THE PRODUCT: The TAPSI CHIX started in the collaboration of the ideas and thoughts of a group of working students. Studying business management, we dreamed of managing our own business after...
-
5. Extend each of the following and determine the total revenue. Quantity Unit Selling Price Total Revenue 72 $1.25 ? 84 16 2 40 $0.875 48 $1.33
Study smarter with the SolutionInn App