E. Chrissy's Vases is a boutique selling artisan vases. The boutique purchases several styles of vases...
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E. Chrissy's Vases is a boutique selling artisan vases. The boutique purchases several styles of vases from one source. The cost of the vases to the boutique is $10 each. All other costs for Chrissy's Vases are fixed. Chrissy's Vases sells the vases for $25 each.. 1. If fixed costs are $156,000, what is the break even point in units? 2. If fixed costs are $156,000, what is the break even point in dollars? Show your work below for potential partial credit. (10 pt) (10 pt) F. Three years ago, Marissa Moore started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Marissa sells the baskets for $25 each, and her variable costs are $15 per basket. She incurs $12,000 in fixed costs each year. 1. How many baskets will Marissa have to sell this year if she wants to earn $30,000 in operating income? Baskets (10 pts) Show your work below for possible extra credit. G. Math Tot sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company's income statement from last month is as follows: Total Sales Revenue $600,000 Variable Expenses 210,000 Contribution Margin 390,000 Fixed Expenses 292,500 Operating Income 97,500 1. What is MathTot's contribution margin ratio? 2. What are Math Tot's breakeven sales? 3. What is Math Tot's Margin of Safety? Show your work for possible partial credit. Per Unit $50 17.50 32.50 (10 pts) (5 pts) (5 pts) E. Chrissy's Vases is a boutique selling artisan vases. The boutique purchases several styles of vases from one source. The cost of the vases to the boutique is $10 each. All other costs for Chrissy's Vases are fixed. Chrissy's Vases sells the vases for $25 each.. 1. If fixed costs are $156,000, what is the break even point in units? 2. If fixed costs are $156,000, what is the break even point in dollars? Show your work below for potential partial credit. (10 pt) (10 pt) F. Three years ago, Marissa Moore started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Marissa sells the baskets for $25 each, and her variable costs are $15 per basket. She incurs $12,000 in fixed costs each year. 1. How many baskets will Marissa have to sell this year if she wants to earn $30,000 in operating income? Baskets (10 pts) Show your work below for possible extra credit. G. Math Tot sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company's income statement from last month is as follows: Total Sales Revenue $600,000 Variable Expenses 210,000 Contribution Margin 390,000 Fixed Expenses 292,500 Operating Income 97,500 1. What is MathTot's contribution margin ratio? 2. What are Math Tot's breakeven sales? 3. What is Math Tot's Margin of Safety? Show your work for possible partial credit. Per Unit $50 17.50 32.50 (10 pts) (5 pts) (5 pts)
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Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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