Question: 1) Tiny??s Cabinets sells cabinets for $700 each.Variable cost is $200 each.Annual fixed costs are $20,000.If Tiny sells 200 cabinets, what is his operating income?

1) Tinyâ??s Cabinets sells cabinets for $700 each.Variable cost is $200 each.Annual fixed costs are $20,000.If Tiny sells 200 cabinets, what is his operating income? 2 answers

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

EGM 2511 Statics University of Florida Problem 1 Subject: Recitation 5.1 Frame Analysis The frame consists of three rigid bars. It has a fixed support at E and has a roller support resting on a...

uantitative Analysis BA 452 Homework 3 Questions Homework 3 covers the theory and applications in Lessons I-6 and I-7. This document has four parts: Objectives of doing your homework. Assignment of...

Responsibility Center Presentation Imagine you have been selected by your manager to present a training session to a group of new employees. The new hires do not have accounting backgrounds and have...

Polaski Company manufactures and sells a single product called ?HTV-7?. Operating at capacity, the company can produce and sell 30,000 units of HTV-7 per year. Costs associated with this level of...

When comparing various divisions within a company, describe what problems can arise from evaluating divisions that have different accounting methods, as described in Chapter 11 of your text. Cite...

Homework: Relevant Costing Assignment i Saved Help Save & Exit Submit Check my work Farrow Company reports the following annual results. Contribution Margin Income Statement Per Unit Annual Total 2...

2.21 Can someone please explain how she came up with all the numbers on the table? how did she compute all the minutes and how she came up with 23.80 or 27.80 and so on on with the table? I need to...

Question \#1- Calculate the breakeven point for the following problem. You are the manager of a factory that makes shoes. The factory has fixed costs of $2300 per month and it costs approximately $32...

To be solved by DKetan. Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method? Which method would you recommend? Why? Support your...

Judd's Reproductions makes reproductions of antique tables and chairs and sells them through three sales outlets. The product line consists of two styles of chairs, two styles of tables, and three...

(1) Income Statement Referencing this week?s readings and lecture, address the following: ? What are the two causes of an increasing or decreasing sales number? ? Discuss all the reasons that might...

In terms of sugarcane cultivation in India, various systemic problems are critically examined. SUGARCANE PERENNIAL CRISIS, NO REAL EFFORTS TO SOLVE THE PROBLEM IN INDIA! Please include FRP details...

Two companies, GILLETT PLC and HICKS PLC, having being categorized in the same risk class are presented with the following information : GILLETT PLC HICKS PLC $ $ Equity ($ 1 per share) 62,500,000...

Express (a) 10 m' (i) in cm, (ii) in millilitres, (b) 165 000 cm (i) in m', (ii) in litres.

Bioreactions are often carried out in batch reactors. The fed-batch bioreactor model in Section 2.4.9 is also applicable to batch reactors if the feed flow rate F is set equal to zero. Using the...

The manager of Able Car Inspection reviewed his monthly operating costs for the past year. His costs ranged from $4,000 for 1,000 inspections to $3,600 for 600 inspections. Requirements 1. Calculate...

Trendy Toes, Co., produces sports socks. The company has fixed costs of $95,000 and variable costs of $0.95 per package. Each package sells for $1.90. Requirements 1. Compute the contribution margin...

Garys Steel Parts produces parts for the automobile industry. The company has monthly fixed costs of $660,000 and a contribution margin of 75% of revenues. Requirements 1. Compute Garys monthly...

Rodneys Repair Shop has a monthly target operating income of $15,000. Variable costs are 75% of sales, and monthly fixed costs are $10,000. Requirements 1. Compute the monthly margin of safety in...

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

8. List some reasons why a U.S.-based corporation might issue debt denominated in a foreign currency.

1. What is the breakdown of currencies in which international borrowing has taken place in the past year?

2. How much money has been raised in the past year in the international bond market? Eurocurrency market? International equity market?