Olmstead Company has fixed costs of $459,000. The unit selling price, variable cost per unit, and contribution

Question:

Olmstead Company has fixed costs of $459,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company’s two products follow:

The sales mix for Products QQ and ZZ is 70% and 30%, respectively. Determine the break-even point in units of QQ and ZZ.

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

Step by Step Answer:

Related Book For answer-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

See More Books

Question Posted: Apr 19, 2021 12:49 AM

See More Questions

In the widget industry, each firm has fixed costs of $10 and faces the following marginal cost curve: Quantity Marginal Cost 1 ............... $2 per widget 2 ............... 4 3 ............... 5 4...
Hackworth Company has fixed costs of $150,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. The sales mix for...
Brubaker Company has fixed costs of $120,000. The unit selling price, variable cost per unit, and contribution margin per unit for the companys two products are provided below. The sales mix for...
For each polynomial function, find (a) (-1), (b) (2), and (c) (0). f(x)=x5x4
Why is it useful to distinguish between brand positioning strategy and brand position?
Given that the ionization energy of F2- is 290. kJ/mol, do the following. a. Calculate the bond energy of F2-. You will need to look up the bond energy of F2 and ionization energy of F2. b. Explain...
Consider the net cash flows and salvage values shown below. Assume the alternatives can be indefinitely renewed with the same cash flows and salvage values. Using a MARR of 8%, specify the planning...
Drive and Fly, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: Drive and Fly depreciates land improvements over 20...
A single nuclear reactor produces 2.6GW of electrical power, and has a generator voltage of 22kV.What percentage of power would be lost from our nuclear reactor in three-line transmission that goes...
[5] A marksman is firing a pistol at a 5 cm diameter, circular bullseye some distance away. The center of the target is considered (0, 0). This marksman pulls a little to the right (positive x) and a...
Felipe Enterprises reports the following data: Sales ......................................... $330,000 Variable costs ............................ 140,000 Contribution margin ..................
a. Imelda Company budgets sales of $1,800,000, fixed costs of $394,000, and variable costs of $1,116,000. What is the contribution margin ratio for Imelda Company? b. If the contribution margin ratio...
Check your phone book or the Social Security Administration website (www.SSA.gov) to locate the Social Security office near you. Visit the office to request personal earnings and estimate form Fill...
Draw the structures of all possible isomers of the compound with molecular formula C3H6O. Given that this compound produces a strong IR absorption at 1725cm-1 . Which isomer is most consistent with...
paid dividends at a rate of 2 rupees per share last year. The estimated growth of the company is approximately 5 % per share. Determine the cost of equity capital of the company.
Would you have any additional special separate recordkeeping for ITAR shipments (versus EAR)? Why or why not.
It was determined that there was fraud present at Husky Corporation, so you will be auditing the Accounts Receivable of Husky Corporation. The Accounts Receivable general ledger balance as of...
1. Using the tree implementation of disjoint sets answer the following questions. Proofs are not necessary for this question. (a) Describe a sequence of make-set and union operations that builds a...
Two stereoisomers are obtained from the reaction of cyclopentene oxide and dimethylamine. The R,R-isomer is used in the manufacture of eclanamine, an antidepressant. What other isomer is obtained?
Which property determines whether a control is available to the user during run time? a. Available b. Enabled c. Unavailable d. Disabled
What are the possible treatments for tax purposes of a net operating loss? What are the circumstances that determine the option to be applied? What is the proper treatment of a net operating loss for...
What are the possible treatments for tax purposes of a net operating loss? What are the circumstances that determine the option to be applied? What is the proper treatment of a net operating loss for...
What are the possible treatments for tax purposes of a net operating loss? What are the circumstances that determine the option to be applied? What is the proper treatment of a net operating loss for...
import urllib.request, json sms_corpus = [] with urllib.request.urlopen("https://storage.googleapis.com/wd13/SMSSpamCollection.txt") as url: for line in url.readlines():...
How do organizations cultivate a culture of empowerment that fosters autonomy, self-efficacy, and intrinsic motivation among employees, enabling them to take ownership of their work and contribute...
Modify your generator so that it can pick rules with unequal probabilities. The number before a rule now denotes the relative odds of picking that rule. For example, in the grammar: 1 NP DT Noun 1 NP...

Olmstead Company has fixed costs of $459,000. The unit selling price, variable cost per unit, and contribution

Question:

Product Selling Price Variable Cost per Unit Contribution Margin per Unit QQ $40 $15 $25 60 25 35

Step by Step Answer:

Breakeven pointFixed costContribution margin per unit Fixe...View the full answer

Accounting

Students also viewed these Business questions