Assume a fixed cost of $ 900, a variable cost of $ 4.50, and a selling price
Question:
Assume a fixed cost of $ 900, a variable cost of $ 4.50, and a selling price of $ 5.50.
a. What is the break- even point?
b. How many units must be sold to make a profit of $ 500.00?
c. How many units must be sold to average $ 0.25 profit per unit? $0.50 profit per unit? $1.50 profit per unit?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
a FC PVC Breakeven where FC fixed cost P price and VC ...View the full answer
Answered By
Atuga Nichasius
I am a Highly skilled Online Tutor has a Bachelor’s Degree in Engineering as well as seven years of experience tutoring students in high school, bachelors and post graduate levels. I have a solid understanding of all learning styles as well as using asynchronous online platforms for tutoring needs. I individualise tutoring for students according to content tutoring needs assessments.
My strengths include good understanding of all teaching methods and learning styles and I am able to convey material to students in an easy to understand manner. I can also assists students with homework questions and test preparation strategies and I am able to help students in math, gre, business , and statistics
I consider myself to have excellent interpersonal and assessment skills with strong teaching presentation verbal and written communication
I love tutoring. I love doing it. I find it intrinsically satisfying to see the light come on in a student's eyes.
My first math lesson that I taught was when I was 5. My neighbor, still in diapers, kept skipping 4 when counting from 1 to 10. I worked with him until he could get all 10 numbers in a row, and match them up with his fingers.
My students drastically improve under my tutelage, generally seeing a two grade level improvement (F to C, C to A, for example), and all of them get a much clearer understanding!
I am committed to helping my students get the top grades no matter the cost. I will take extra hours with you, repeat myself a thousand times if I have to and guide you to the best of my ability until you understand the concept that I'm teaching you.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Operations and Supply Chain Management
ISBN: 978-0078024023
14th edition
Authors: F. Robert Jacobs, Richard Chase
Question Posted:
Students also viewed these Management Leadership questions
-
Assume a fixed cost of $900, a variable cost of $4.50, and a selling price of $5.50. a. What id the break-even point? b. How many units must be sold to make a profit of $500.00? c. How many units...
-
A manufacturing process has a fixed cost of $ 150,000 per month. Each unit of product being produced contains $ 25 worth of material and takes $ 45 of labor. How many units are needed to break even...
-
Given the following information, how many units must be sold to achieve a profit of $25,000? Direct labor hours: ........................... 0.2 hour/unit Direct labor costs:...
-
Multiple Select Question Select all that apply Identify what might happen if a particular department were eliminated. (Check all that apply.) Multiple select question. Many of the indirect expenses...
-
In Exercises 1-3, determine by inspection (i.e., without performing any calculations) whether a linear system with the given augmented matrix has a unique solution, infinitely many solutions, or no...
-
Compare and contrast the approaches taken in the development of an EDW by Inmons Corporate Information Factory (CIF) and Kimballs Business Dimensional Lifecycle.
-
Two machines, each with a service life of \(5 \mathrm{yr}\), have the following cost comparison. If the effective interest rate is \(10 \% / \mathrm{yr}\), which machine is more economical? A B First...
-
A consulting firm submitted a bid for a large research project. The firms management initially felt they had a 5050 chance of getting the project. However, the agency to which the bid was submitted...
-
Demanding Nursing profession. It has become an especially challenging hiring and ongoing management category in recent years. Covid, overall workload demands, advanced education requirements, and...
-
Consider the following pep9 trap: DECI number,d What 'd' refers in the above instruction? a) direct mode b) read(or input) decimal number c) read(or input) integer d) print( or output) decimal number
-
A book publisher has fixed costs of $ 300,000 and variable costs per book of $ 8.00. The book sells for $ 23.00 per copy. a. How many books must be sold to break even? b. If the fixed cost increased,...
-
Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 36 cents per mile. Aldo estimates that his fixed costs per year such as taxes,...
-
Derive the expression for T(s) in Figure 10.7.6. Using the values given and computed in Example 10.7.5, use MATLAB to plot T(t) for a unit-step command input. Determine the maximum value of T(t).
-
Ghost Goods: How to Spot Phantom Inventory What auditors have to know to uncover phony figures. BY JOSEPH T. WELLS June 1, 2001 Journal of Accountancy ust a hint of inventory fraud can be a...
-
Is the IRR method always accurate? 12) Why do managers use the net present value (NPV) method? 13) In-a-Jiff Tire Service owner, Jeffery Haberton, has the opportunity to invest $360,000 at 8%...
-
In your judgement, why has Google ( and Alphabet ) been so successful? Discuss their activities most clearly related to strategy formulation and strategy implementation. 2 . Describe the corporate...
-
If geographical barriers can negatively impact project outcomes, why do organizations have distributed teams? Should organizations that fit this profile avoid Agile? Explain your answer.
-
Provide Vertical and Horizontal Analysis based on the attached income statement. ($ in millions, except per share amounts) 2021 2020 2019 REVENUES Base management fees S 669 $ 443 $ 1,180 Franchise...
-
Obtain the voltage V x in the network of Fig. 9-28 using the mesh current method. 10/0 _v( + V N -j2 I 5 13 5/30 V j5 12 10 www + V -12 www 10
-
Hotel Majestic is interested in estimating fixed and variable costs so that the company can make more accurate projections of costs and profit. The hotel is in a resort area that is particularly busy...
-
In the United Kingdom, patients can access non emergency hospital treatment for free if referred by a family doctor, also known as a general practitioner (GP). A patient gets in contact with the...
-
An important difference between service and manufacturing operations is that customers induce far more variability into the operation in a service system. Name at least three of the basic types of...
-
What it the major cost trade-off that must be made in managing waiting line situations?
-
If the average time between customer arrivals is 8 minutes, what is the hourly arrival rate?
-
The articles of partnership for Pal - Trotter Partnership provide for a salary allowance of $ 5 , 3 0 0 per month for partner Trotter, with the balance of net income to be divided equally. If Trotter...
-
The City of Piglet reported property tax revenues in 2020 in the amount of $10 million. The deferred inflow-property taxes reported in the General Fund's balance sheet was $300,000 on December 31,...
-
Texas Roadhouse is expecting to earn $ 5 million in revenue for the next fiscal year. How much net income would the company need to generate from that revenue to achieve a net profit margin ratio of...
Study smarter with the SolutionInn App