Goodman Company has sales of 3,000 units at $80 per unit. Variable costs are 35% of the

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

Question:

Goodman Company has sales of 3,000 units at $80 per unit. Variable costs are 35% of the sales price.

If total fixed costs are $66,000, what is the degree of operating leverage rounded to 2 decimal places?

Related Book For answer-question

Cost Accounting A Managerial Emphasis

ISBN: 978-0133392883

6th Canadian edition

Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ

See More Books

Posted Date: Mar 29, 2023 05:10 AM

See More Questions

Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in as mall plant that relies heavily on direct labor workers. Thus,...
I SEE THE LIGHT (ISTL) is a subchapter S corporation that manufactures children's lamps/nightlights for use in bedrooms. These lamps are sold nationwide through a group of independent sales...
Part II In this part, you will apply the cost-volume-profit analysis in Chapter 18 to your company. Assume that all the numbers are budgeted for next year, 2020.4. Determine the price of your product...
The following information is available for Marigold's Hot Dogs: Actual production Budgeted production Standard direct labor hours Actual direct labor hours Standard variable overhead rate Actual...
Consider the following quote from the CFO of Lear Corp. Sales of receivable and operating cash flows are entirely separate events. We see sales of receivables as a low-cost financing method; it...
Determine the force P needed to suspend the 100-lb weight. Each pulley has a weight of 10 lb. Also, what are the cord reactions at A and B? A 2 in. C 2 in. 2 in. P
Cloud Tech Ltd produces four types of drones, which are sold to local retail stores. The marketing department expects the following sales performance for the next year. Required Prepare a monthly...
Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2016, that pay interest semiannually on June 30 and December 31. They are issued at $292,181 and their market rate is 8% at the issue...
Steve's Scooters plans to sell a standard scooter for $320 and a chrome scooter for $400. Steve's purchases the standard scooter for $80 and the chrome scooter for $100. Steve's expects to sell one...
Reconsider the Profit & Gambit Co. problem described in Section 2.6. Suppose that the estimated data given in Table 2.2 now have been changed as shown in the table that accompanies this problem....
3. A consumer has the following utility function U (x, y, z) = x + y+ z. He must maximise his utility subject to his budget constraint m 2 Pzx + Pyy + Pzz and non-negativity constraints x > 0, y 2 0...
What interaction does a bathroom (spring) scale actually measure?
You throw a baseball straight up, and because of air resistance some of the ball's energy is converted to thermal energy during the whole trip. Which takes longer: the trip up or the trip down?
Check that the distribution of $A_{\Theta}^{(u)}$ is that of $B /(2 \Gamma)$ where $B$ has a $\operatorname{Beta}(1, \alpha)$ law and $\Gamma$ a $\operatorname{Gamma}(\beta, 1)$ law with...
In a game of tug of war, the blue team is beating the red team, and the red team is accelerating toward the mud pit between the two teams. Which has the greater magnitude, if either: the force the...
You are discussing physics homework with a friend while the two of you are riding your bikes. Distracted, you collide with a parked car. The car doesn't move. Your friend says, "Of course not! The...
Assume Stock M has a required return of 12.0% and an initial dividend (DO) of $1.00. If g = 30.0% for the first two years before achieving a constant growth rate of 6.0%, what is the value of Stock M...
An access route is being constructed across a field (Figure Q8). Apart from a relatively firm strip of ground alongside the field's longer side AB, the ground is generally marshy. The route can...
Lee Corporation manufactures various types of colour laser printers in a highly automated facility with high fixed costs. The market for laser printers is competitive. The various colour laser...
Marron, Inc. produces the basic fillings used in many popular frozen desserts and treatsvanilla and chocolate ice creams, puddings, meringues, and fudge. Marron uses standard costing and carries over...
Conner Company makes and sells brooms and mops. It takes the following actions, not necessarily in the order given below. REQUIRED For each action (15 below), state whether it is a planning decision...
Light of wavelength $\lambda$ is incident on an aperture of width $a$, producing diffraction. Describe the change(s) in the diffracted waves $(a)$ when the aperture width is doubled and $(b)$...
Which wavelength of electromagnetic radiation do you expect to be diffracted by a window screen? What is the frequency of this radiation?
Name some characteristics that allow you to observe light diffraction.

Goodman Company has sales of 3,000 units at $80 per unit. Variable costs are 35% of the

Question:

Expert Answer:

Griven that selling price 80 2 00432 vy s mal Variable cost Rat... View the full answer

Cost Accounting A Managerial Emphasis

Students also viewed these accounting questions