Question: Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.40. Required a. What is

Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.40.
Required
a. What is the break-even point per month in sales dollars?
b. What level of sales dollars is needed for a monthly profit of $60,000?
c. For the month of July, the marina anticipates sales of $1,000,000. What is the expected level of profit?

Step by Step Solution

★★★★★

3.51 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Given that variable cost per dollar of sales is 40 the contribution marg... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1026-B-M-A-J-O-C (1887).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Clydes Marina has estimated that fixed costs per month are $300,000 and variable cost per dollar of sales is $0.40. Required a. What is the break-even point per month in sales dollars? b. What level...

Clydes Marina has estimated that fixed costs per month are $303,300 and variable cost per dollar of sales is $0.40. Required a. What is the break-even point per month in sales dollars? b. What level...

CVP Analysis, Profit Equation [LO 3] Clyde's Marina has estimated that fixed costs per month are $305,040 and variable cost per dollar of sales is $0.40. 1. What is the break-even point per month in...

Answer Second Picture Please. F36 fix 7 A B E G H 1 Exercise 4-12 CVP Analysis, Profit Equation - SEE TEXTBOOK PAGE 4-33. (16 POINTS) 2 Lake Stevens Marina has estimated that fixed costs per month...

Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30. Required a. What is the break-even point per month in sales dollars? b. What...

Help on the last part please, thank you. B D E GH Exercise 4-12 CVP Analysis, Profit Equation - SEE TEXTBOOK PAGE 4-33. (16 POINTS) Lake Stevens Marina has estimated that fixed costs per month are...

please answer all of Excel sheet p4-13 Mulitproduct, the file is attach, i need this within the next 30 minutes Exercise 4-7 Scattergraph Reef Office Supplies is interested in estimating the...

Exercise 4-12 CVP Analysis, Profit Equation Lake Stevens Marina has estimated that fixed costs per month are $350,000 variable cost per dollar of sales is $0.30 The selling price per dollar of sales...

Assistance needed on part 3 at the bottom. Exercise 4-12 CVP Analysis, Profit Equation - SEE TEXTBOOK PAGE 4-33. (16 points) Lake Stevens Marina has estimated that fixed costs per month are $350,000...

Managerial Accounting Exercise- Use the "Exercise 4-12" to solve the "What If" chart (Both charts provided below) Thanks SOLVE THIS PART Exercise 4-12 CVP Analysis, Profit Equation Lake Stevens...

The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 Assets Cash $ 106,300 $ 46,000 Accounts receivable,...

A single-cylinder reciprocating engine has a reciprocating mass of 60 kg. the crank rotates at 60 rpm and the stroke is 320 mm. The mass of the revolving parts at 160 mm and radius is 40 kg. If...

NDFs can be used to hedge existing positions in foreign currencies that are not convertible to dollars T / F

1. What is a disadvantage to NightLife of keeping its product line focused on science fiction?

Vitalite, Inc., produces a number of products, including a body-wrap kit. Standard variable costs relating to a single kit are given below: During August, 500 kits were manufactured and sold....

Why do we apply overhead to work in process on the basis of standard hours allowed in Chapter 11 when we applied it on the basis of actual hours in Chapter 3? What is the difference in costing...

Caltec, Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating to the products follow: Common fixed expenses in the company total $105,000 annually. Last year the...

A pension plan is obligated to make disbursements of $1.7 million, $2.7 million, and $1.7 million at the end of each of the next three years, respectively. Find the duration of the plan's obligations...

Vista Company manufactures electronic equipment. In 2018, it purchased from an outside supplier the special switches used in each of its products. The supplier charged Vista $2.6 per switch. As an...

Compount amout after 16 years is Find the compound amount for the deposit and the amount of interest earned. $440 at 6.7% compounded semiannually for 16 years The compound amount after 16 years is $...