Question: Fancy Feasts sells boxes of fine stemware for $80 each, with a variable cost percentage of 40%. The company's fixed costs are $64,500 per year.

Fancy Feasts sells boxes of fine stemware for $80 each, with

Fancy Feasts sells boxes of fine stemware for $80 each, with a variable cost percentage of 40%. The company's fixed costs are $64,500 per year. At what level of sales (in dollars) will the company earn $80,000 in profit? O a) $361,250 Ob) $240,833 O c) $107,500 O d) $161,250

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:

21. Salem Bakery sells boxes of donuts each with a variable cost percentage of 35%. Its fixed costs are $54,600 per year Determine the sales dollars Salem needs to break even per year 22. Cannon Co....

Q:

Barkable Bakery sells boxes of dog treats each with a variable cost percentage of 3 5 % . Its fixed costs are $ 5 4 , 6 0 0 per year. Determine the annual volume of sales dollars that Barkable needs...

Q:

1. (Points: 1) With respect to a corporation, select the statement that is correct. a. Its organization requires an approved charter which is governed by state law. b. Ownership rights to the...

Q:

1. (Points: 1) Managerial accounting: 2. (TCO F) The Colorado Company manufactures a product that goes through three processing departments. Information relating to activity in the first department...

Q:

I have three assignments that I need your help with. Please provide answers to study guide on answer sheet. Thank you in advance. E20-19 Determining fixed cost per unit Learning Objective 1 90 units...

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

I have attached the corresponding lessons for assignment 8, it usually includes practice problems at the bottom that look similar to the assignment. ASSIGNMENT 7 JOB ORDER COSTING Directions: After...

Q:

1. Martin and Isidore form a partnership with investments of P 1,000,000 and P 500,000 respectively. Compute their share in the net income of P210,000 for six months of the partnership's operation...

Q:

Show that (Use integration by parts.) Express this formula as a probabilistic relationship between Poisson and gamma random variables. zys =1,2, 3, . . . . ,

Q:

Gary age 5 3 is a small business owner. He and his wife, Janet age 5 2 have the following assets: Gary's bank account, residence, brokerage account, life insurance, retirement account and business =...

Q:

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

Q:

3 What specific practices, such as autonomous and cross-functional teams, and principles, such as empowerment, are best suited to which cultural contexts? How are these practices (with their...

Q:

2 DECs experience with implementing cross-border project groups suggests conflicts with the concerns of local operations. How could this conflict best be resolved?

Q:

3 How successful would BPs principles and practices of the learning organization be in your country?