The selling price per box for Cynthia's Cookies is $19.51. Fixed costs are $70,000 and the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The selling price per box for Cynthia's Cookies is $19.51. Fixed costs are $70,000 and the variable cost per box is $10.04. a. What is the break-even quantity? b. If sales last year were 8,900 boxes, what was the net profit? Round your answer to the nearest dollar. The selling price per box for Cynthia's Cookies is $19.51. Fixed costs are $70,000 and the variable cost per box is $10.04. a. What is the break-even quantity? b. If sales last year were 8,900 boxes, what was the net profit? Round your answer to the nearest dollar.
Expert Answer:
Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9781292085050
13th Edition
Authors: Frank Wood, Alan Sangster
Posted Date:
Students also viewed these accounting questions
-
A product has fixed costs of $ 5 , 0 0 0 and a contribution margin ratio of 0 . 5 0 . If fixed costs increase by $ 2 , 0 0 0 , break - even dollars in sales will ?
-
Julie H. Hertenstein ABSTRACT: Component Technologies, Inc. (CTI) manufactures components used in electronic devices. CTI is considering adding manufacturing capacity for FlexConnex to meet increased...
-
Study the information given below and answer the following questions: (25 Marks) 1.1 Calculate the Payback Period of both machines (answers expressed in years, months and days). (5 marks) 1.2 Which...
-
John Woods' weekly gross earnings for the present week were $2,500. Woods has two exemptions. Using an $80 value for each exemption and the tax rate schedule below, what is Woods' federal income tax...
-
Crew members attempt to escape from a damaged submarine 100 m below the surface. What force must be applied to a pop-out hatch, which is 1.2m by 0.60 m, to push it out at that depth? Assume that the...
-
Fill in the Blank. The Frahm tachometer is a device consisting of ______________ several carrying masses at free ends.
-
Identify at least three grounds for an involuntary dismissal of an action.
-
Top managers of City Video are alarmed by their operating losses. They are considering dropping the DVD product line. Company accountants have prepared the following analysis to help make this...
-
PLEASE HELP WILL RATE 5 STARS!!! :) THANK YOU SO MUCH *INFORMATION FOR THIS EXCEL ASSIGNMENT BELOW* Before you begin, read below Various transactions of Singh Services Inc. occurred during August...
-
The bar codes above represent locations in a warehouse. How many units would be left in each location? If you picked 250 units from location 00000113774360000 If you picked 250 units from location 00...
-
(a) Appraise whether the dividend valuation, FCFF discounted cash flow, or FCFE discounted cash flow method is the most appropriate valuation method to value to share price of the chosen company -...
-
Personal creativity drivers include creativity skills, task expertise, and ____________. (a) emotional intelligence (b) management support (c) organizational culture (d) task motivation
-
The two-boss system of reporting relationships is found in the ____________ structure. (a) functional (b) matrix (c) network (d) product
-
The most participative of the planned change strategies is _________. (a) force-coercion (b) rational persuasion (c) shared power (d) command and control
-
The ________chart graphically displays the scheduling of tasks required to complete a project. (a) exception (b) Taylor (c) Gantt (d) after-action
-
When a manager decides to continue pursuing a course of action that facts otherwise indicate is failing to deliver desired results, this is called ____________. (a) strategic opportunism (b)...
-
R(s) Consider the following closed-loop control system: K C(s) s(s+1) 1 + bs A. Determine the values of K and b for the following closed-loop control system so the closed-loop poles are at s =- 1+3....
-
What are the typical record-at-a-time operations for accessing a file? Which of these depend on the current file record?
-
Draw up a consolidated statement of financial position from the following statements of financial position which were drawn up as soon as Pa Ltd had acquired control of Sonny Ltd. Pa Statement of...
-
How can an entity have control of another entity when it does not own over 50% of the voting share capital?
-
The plant and equipment, details of which are given in Question 32.4, is depreciated on a straight line basis at 12% per annum. The depreciation charge is based on year-end values. What is the...
-
In the Hochfelder case all of the following were factors in the case except a. The Securities Exchange Act of 1934. Data From Exchange Act 1934 When the Securities Act was passed, the Interstate...
-
Refer to the example of an auditors report issued in 1915. List the differences between the report styles in 1915 and today (refer to Chapter 1). Indicate in what ways this report would be deficient...
-
What client actions might cause a CPA to terminate an existing client relationship?
Study smarter with the SolutionInn App