If fixed costs are $750,000 and variable costs are 80% of sales, what is the breakeven point

Fantastic news! We've Found the answer you've been seeking!

Question:

If fixed costs are $750,000 and variable costs are 80% of sales, what is the breakeven point in sales dollars?

Related Book For answer-question

Cost Management Measuring, Monitoring and Motivating Performance

ISBN: 978-1119185697

3rd Canadian edition

Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang Hsuan Chen, Gail Cook

See More Books

Posted Date: Apr 20, 2023 01:49 AM

See More Questions

The income statement information for Waterford Ginseng Growers follows: REQUIRED A. Using the general decision rule, which product should the corporation emphasize? Support your answer with...
We have looked at the breakeven calculations for a single-product firm. However, most firms make more than one product - or service. Conceptually, multiple-product breakeven is the same as single...
The measured and corrected cylinder pressures around IVC (210CA) are given in the table. Find out the reference pressure ppeg (the manifold air pressure) at IVC, using 5 point half-width (n=10) for...
A process instrument reading, Z (volts), is thought to be related to a process stream flow rate V(L/s) and pressure P(kPa) by the following expression: Process data have been obtained in two sets of...
What is overshoot?
Which of the following statements is false? a. Flowcharts make use of many symbols. b. A flowchart emphasizes the flow of documents or records containing data. c. DFDs help convey the timing of...
A firm produces output according to the production function Q = F(K,L) = 2K + 4L. a. How much output is produced when K = 2 and L = 3? b. If the wage rate is $30 per hour and the rental rate on...
Suppose you are offered $5,000 today but must make the following payments ($) Year Cash Flows $5,000 0 2,500- 1 2,000 - 2 1,000- 3 1,000 - 4 ?a. What is the IRR of this offer ?b. If the appropriate...
On November 3, 20X2, PRD Corporation acquired 2 JRS Company bonds ($1,000 face value) at a cost of 105. PRD classifies them as available-for-sale securities. On this same date, PRD decides to hedge...
The following information applies to Tammy Taxpayer, employed by Time Travellers Ltd. (a Canadian Controlled Private Corporation). Gross salary $110,000 Bonus 50,000 Bonus based on Tammys hard work...
What is the NPV? Use Table 1 to answer questions 1-5. Assume a 8% discount rate. Round up if needed. Year Cash Flow O $23,148 O $5,000 O $469 $507 0 -$25,000 1 $8,000 2 $10,000 3 $12,000
A hotel where the entire kitchen and lounge were operational was impacted by COVID 19 and it is extremely difficult for them to reopen the kitchen and lounge even two years after the outbreak, while...
NetWest, Inc ., assembles single-engine aircraft at several facilities throughout the United States. The standard manufacturing costs per aircraft are as follows: Direct materials $35,000 Direct...
What method(s) could be used to remedy this "eco-mess"?
How would I organize this as a chart, I want to add this to a budget that I typed up. I just do not know how to categorize this data. GENERAL FUND EXPENDITURES ADMINISTRATION AND GENERAL CITY...
Prepare a written presentation on the history of hockey Introduction: Tell us about the sport you have chosen and why you chose it. Body: include the following place of origin complete "genealogy"...
Refer to Example 9.15. Add the following functionality to this program: Allow the user to enter the cost of a gallon of gas on each trip and use a function, Cost() to calculate the cost of purchasing...
1. Which of the following statements is true? a. A cost may be simultaneously direct and indirect to different cost objectives. b. Indirect costs can be identifi ed specifi cally with a given cost...
Bluebird Company uses a standard cost system under which overhead is applied on the basis of direct labour hours (DLH). The following information is summarized from its preliminary budget on...
An assumption of EOQ is that as carrying costs __________,____________ ordering costs will . a. Decrease, remain constant b. Decrease, decrease c. Increase, increase d. Increase, decrease
_________ is the number of goods and services a worker can produce per hour, and _________ economic growth occurs when workers productivity rises.
Modern medicine has made organ transplants a common occurrence, yet the number of organs that people want far exceeds the available supply. According to CNN, 10 people die each day because of a lack...
The Federal Reserve can use _________ policy to change the money supply and interest rates in an effort to influence total spending.

If fixed costs are $750,000 and variable costs are 80% of sales, what is the breakeven point

Question:

Expert Answer:

To calculate the breakeven point in sales dollars we need to find the level of sales a... View the full answer

Cost Management Measuring, Monitoring and Motivating Performance

Students also viewed these accounting questions