Lombardi Company has a unit selling price of $400, variable costs per unit of $240, and fixed
Question:
Lombardi Company has a unit selling price of $400, variable costs per unit of $240, and fixed costs of $180,000. Compute the break-even point in units using
(a) a mathematical equation and
(b) contribution margin per unit.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
a The equation is 4000 2400 180000 0 400Q 24...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
Question Posted:
Students also viewed these Business questions
-
Regal Foods Corp., a packaged foods manufacturer, wishes to determine the percentage of Umber coffee sold in a geographic area as compared to the percentage of the total population in this market....
-
Solve the equation. Give your answer as an integer or a reduced fraction. 2-(-2a + 6) = -2a +9 a =
-
Leon Company has a unit selling price of $400, variable costs per unit of $260, and fixed costs of $210,000. Compute the break-even point in units using (a) The mathematical equation and (b)...
-
Financial statements for the ACTACTSTAT Company are given below: During 2021 the firm declared and paid cash dividends of P85,000. There were 50,000 shares of common stock outstanding throughout the...
-
The distribution of weekly salaries at a large company is right skewed with a mean of $1000 and a standard deviation of $350. What is the probability that the sampling error made in estimating the...
-
The collar of negligible size has a mass of 0.25 kg and is attached to a spring having an unstretched length of 100 mm. If the collar is released from rest at A and travels along the smooth guide,...
-
The accounting system for Wallace Ltd uses a general journal and special journals for sales, purchases, cash receipts and cash payments. Required (a) What journal would be the most probable source of...
-
Kelly, age 35, is a single parent and has a one-year-old son. She earns $45,000 annually as a marketing analyst. Her employer provides group life insurance in the amount of twice the employees...
-
18. The atomic number of elements P, Q, R and T are 19,17, 14 and 6 respectively. The pair of elements that can react to form an ionic compound is A. Q and T B. R and Q C. Q and P D. R and T 19. The...
-
Mabo Company makes calculators that sell for $20 each. For the coming year, management expects fixed costs to total $220,000 and variable costs to be $9 per unit. Instructions (a) Compute break-even...
-
Byrnes Company accumulates the following data concerning a mixed cost, using units produced as the activity level. (a) Compute the variable- and fixed-cost elements using the high-low method. (b)...
-
You are 35 years old and will retire at 65. Currently, you have 100,000 with you and your aunt has promised to give you another 100,000 in her will. She is currently 70 years old. You have looked up...
-
What is an invariant?
-
In how many ways can a committee of five be formed from a group of 15 people?
-
What is the purpose of a repository?
-
This problem is a continuation of P533. Pie Corporation acquired 75 percent of Slice Companys ownership on January 1, 20X8, for $96,000. At that date, the fair value of the noncontrolling interest...
-
A mercury thermometer was kept in ice \(\left(0^{\circ} \mathrm{C} ight)\) for an indefinite period. It was removed and immediately put in boiling water \(\left(100^{\circ} \mathrm{C} ight)\). It...
-
The following account balances are taken from the records of Martin Corp. for the past two years. Other information available for 2010 is as follows: a. Net income for the year was $200,000. b....
-
Calculate I, , and a for a 0.0175 m solution of Na 3 PO 4 at 298 K. Assume complete dissociation. How confident are you that your calculated results will agree with experimental results?
-
Potters, Inc., has acquired several other companies. Assume that Potters purchased Kittery, Co., for $6,000,000 cash. The book value of Kitterys assets is $12,000,000 (market value, $15,000,000), and...
-
Furniture.com uses automated shipping equipment. Assume that early in year 1, Furniture purchased equipment at a cost of $400,000. Management expects the equipment to remain in service for five...
-
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...
-
Calculate the average return, the standard deviation as well as a risk-adjusted return measure for Apple, Microsoft, Walt Disney, Oracle Corporation (ORCL), The Coca-Cola Company, Swiss...
-
How do leaders navigate the complexities of team dynamics, including conflicts, power struggles, and role ambiguity, while promoting constructive dialogue, conflict resolution, and mutual...
-
If I have a 100-day forward contract and it pays 3 dividends, one on the 30th day, one on 70th day and last on the 110th day. Do i still consider the 110th dividend into my valuation of the forward...
Study smarter with the SolutionInn App