Question: 21. Fixed costs are $3,000,000 and the unit contribution margin is $150. What is the break-even point? Group of answer choices 7,500 units 20,000 units

21. Fixed costs are $3,000,000 and the unit contribution margin is $150. What is the break-even point?

Group of answer choices

7,500 units

20,000 units

$7,500,000

$20,000,000

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!

Q:

510. Definitions for a multicomponent flash are as follows: x, yi liquid and vapor mole fractions, respectively = feed mole fraction Zj K =y/x-equilibrium constant L,V, F liquid, vapor, and feed...

Q:

Biscuit Food's fixed costs are $3 , 000 , 000 and the unit contribution margin is $150 . What is the break-even point? 1) 20,000 units 2) $7 , 500 , 000 3) 7,500 units 4) $20 , 000 , 000

Q:

Hello Prof., I need help in this assignment. Thank you very much! Kwaku Use the following to answer questions 1-3: Grant's Western Wear is a retailer of western hats located in Atlanta, Georgia....

Q:

are these answers correct? please help correct them if they're wrong AutoSave OF A APO... Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) v 12 AA 2 Wran...

Q:

This is the entire question it gives me E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit (LO 6-1, 6-2] Sandy Bank, Inc., makes...

Q:

3.00 points E6-5 Calculating Contribution Margin and Contribution Margin Ratio: Identifying Break-Even Point, Target Profit LO 6-1, 6-2] Sandy Ranic, Inc, makes nne model of wooden cance Partial...

Q:

TB MC Qu. 9-54 Overton Industries has the following... Overton Industries has the following sales forecasts for its hip waders next year. First Quarter 26, 000 pairs Second Quarter 6% increase over...

Q:

The firm's fixed costs are $100 000, variable cost per unit is $10 and selling price per unit is $30. The break-even point in units is Select one: 20 000 10 000 5 000 3 333 Sentosa Products Sentosa...

Q:

Most Valuable Professor Mullen Company sells MP3 players for $60 each. Variable costs are $40 per unit, and fixed costs total $60, 000. How many MP3 players must MVP Mullen sell to earn net income of...

Q:

3 Casio Company sells ipads for children, at $85 each. - SP 4 For the coming year, management expects fixed costs to total $520,000 and Varjable cost to be $25 per unit. 1. Calculate the break-even...

Q:

9. A cost that has both a fixed and variable component is called a: Select one: semi-variable cost. discretionary cost. step-fixed cost. variable cost. 10. The relationship between cost and activity...

Q:

What is the Payback period for this project. Jarvey Corporation is studying a project that would have a ten-year life and would require a $450,000 investment in equipment which has no salvage value....

Q:

a.Re-create the income statement and balance sheet using formulas wherever possible. Each statement should be on a separate worksheet. Note, the tax rate is 40% and there is no payout ratio b.On...

Q:

Jaden Hart, marketing manager with Acme Home Improvements is considering a brand extension. Jaden is reviewing some basic marketing concepts to help ensure a successful extension of the Acme brand....

Q:

In problem proceed as in Example 2 to find the general solution of the given differential equation. Do not evaluate the integral that defines y p (x). y'' - 2y' + 2y = cos 2 x

Q:

Refer to the Psychological Science (August, 2011) study comparing the accuracy of experts and novices in identifying fingerprints, Exercise 3.36. The percentages of correct decisions made by the two...

Q:

Suppose the U.S. president wants to estimate the proportion of the population that supports his current policy toward revisions in the health care system. The president wants the margin of error to...

Q:

What is the advantage of installing the heating element of an electric kettle near its bottom?

Q:

The following Trueblood case is recommended for use with this chapter. The case provides an excellent opportunity for class discussion, group projects, and writing assignments. The case, along with...

Q:

Per book, what are the three problem types? Explain why its important to recognize the different problem types.

Q:

1. Maintain my own perspective and my opinions

Q:

2. See things from the other persons perspective (1 is oriented towards an inner source of inspiration, while 2 is oriented towards an outer source of motivation). d. Reflection style: When I really...

Q:

2. What do the others in the network want to achieve?