The manager of Gratiot Flooring estimates operating costs for the year will include $540,000 in fixed costs.

Question:

Required

a. Find the break-even point in sales dollars with a contribution margin ratio of 30 percent.

b. Find the break-even point in sales dollars with a contribution margin ratio of 27 percent.

c. Find the sales dollars required to generate a profit of $58,000 for the year assuming a contribution margin ratio of 23 percent.

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

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Cost Accounting

ISBN: 9781264100842

7th Edition

Authors: William Lanen

See More Books

Question Posted: Aug 10, 2022 02:35 AM

See More Questions

The manager of Dukey's Shoe Station estimates operating costs for the year will include $450,000 in fixed costs. Required a. Find the break-even point in sales dollars with a contribution margin...
The manager of Kimas Food Mart estimates operating costs for the year will include $900,000 in fixed costs. Required a. Find the break-even point in sales dollars with a contribution margin ratio of...
The manager of Wongs Food Express estimates operating costs for the year will total $300,000 for fixed costs. a. Find the break-even point in sales dollars with a contribution margin ratio of 40...
Suppose that one worker can shovel snow from a storefront sidewalk in 50 minutes and another worker can shovel it in 30 minutes. How long will it take if they work together?
What are the implications of the efficient market hypothesis to both stock selectors and market timers?
Go to your local grocery store to obtain the price of ice cream packaged in different-sized containers. Use this information (along with additional assumptions you feel necessary) to make a...
Payroll and benefits are commonly outsourced. Discuss which parts of PM, compensation, benefits, and payroll you would consider outsourcing; justifying your views.
Consistent Company has been paying regular quarterly dividends of $1.50 and wants to pay the same amount in the third quarter of 2011. Given the following information, (1) What is the total amount...
Ralph contributes land with a basis and value of $ 1 2 0 , 0 0 0 in exchange for a 3 0 % share of the profits and losses in Orange LLC . Orange is a calendar year LLC . Orange generates $ 3 0 0 , 0 0...
In the student sample program files for this chapter, you will find a text file named GasPrices.txt. The file contains the weekly average prices for a gallon of gas in the United States, beginning on...
Grove Audio is considering the introduction of a new model of wireless speakers with the following price and cost characteristics. Required a. What number must Grove Audio sell annually to break...
Bewick Company and Stout, Inc. both earn annual operating profits of $40 million on revenues of $150 million. Bewick Company has an operating leverage of 2.4 and Stout, Inc. has an operating leverage...
Bitcoin and other cryptocurrencies are demanded by those who wish to use them to complete transactions or those who wish to speculate on their future value. Bitcoins are supplied by thousands of...
In a certain school, the probabilities of the number of students who are reported tardy are shown in the following table: What is the expected number of tardies (rounded to two decimal places)?...
Consider the following table showing the results of a survey of TV network executives. Suppose one network executive is selected at random. Find the indicated probabilities. a. What is the...
Determine whether each of the figures in Problems 30-37 will be a solution to an Instant Insanity puzzle. +++
What is the expectation for the $\$ 1$ bets in Problems 21-30 on a U.S. roulette wheel? See Figure 13.8 Column bet 4 16 33 1 20 14 31 9 22 18 29 28 12 35 3 26 0 32 15 19 4 21 2 25: 4 21 2 25 17 34...
Poker is a common game in which players are dealt five cards from a deck of cards. We found there are 2,598,960 different possible poker hands. The winning hands (from highest to lowest) are shown in...
What impact do the terms of trade have on the determination of the quantity and value of inventory on hand where goods are in transit at the end of the reporting period?
How has the globalization of firms affected the diversity of their employees? Why has increased diversity put an additional burden on accounting systems?
Star Buck, a coffee shop manager, has two major product linesdrinks and pastries. If Star allocates common costs on any objective basis discussed in this chapter, the drinks are profitable, but the...
The following balances are from the accounts of Hill Components: Direct materials used during the year amount to $46,000, and the cost of goods sold for the year was $53,000. Required Find the...
Chucks Brokerage Service (CBS) is a discount financial services firm offering clients investment advice, trading services, and a variety of mutual funds for investment. Chuck has collected the...
31 The number of protons, electrons and neutrons in aluminium ion Al+ is Protons A. 27 B. 13 C. ABCD 32 32. D. 13 10 Electron 27 neutrons 14 14 14 10 14 17 14 The formula of the compound formed...
Which one of the metal atoms whose electronic structure given below forms a nitrate of the type M(NO3)2? 37 A. 2.8.0 B. 2.8.1 C. 2.8.2 D. 2.8.3
22 22 The atomic number of an element T is 10. T shows similar properties to an element with atomic number 23. 24. A. 14 B. 16 C. 18 d. 20 The electron configurations of elements W, X, Y and Z are...

The manager of Gratiot Flooring estimates operating costs for the year will include $540,000 in fixed costs.

Question:

Step by Step Answer:

a Breakeven point is sales dollars Fixed costs Contribution ...View the full answer

Fundamentals Of Cost Accounting

Students also viewed these Business questions