If fixed costs are $850,000 and variable costs are 60% of the sales, what is the break-even
Fantastic news! We've Found the answer you've been seeking!
Question:
If fixed costs are $850,000 and variable costs are 60% of the sales, what is the break-even point (in dollars)?
Expert Answer:
Answer rating: 100% (QA)
Answer To calculate the breakeven point in dollars we can use the follo... View the full answer
Posted Date:
Students also viewed these accounting questions
-
The operating budget of the Bea Company contains the following information: (a) Compute (i) The contribution margin ; (ii) The contribution rate. (b) Compute the break-even point (i) As a percent of...
-
The ages of patients admitted to the emergency room over a weekend is normally distributed with a mean of 52 years and standard deviation of 8 years. Forty patients were used for this study. What is...
-
The management of Lambda Corporation has received the following forecast for the next year. Capacity is a sales volume of $800 000. (a) Compute (i) The contribution margin ; (ii) The contribution...
-
Suppose the following game is repeated once (that is, played twice in total). Bridget Alex SB (40,40) (70,20) SA SA (20, 70) (30,30) (a) How many strategies does Alex have? (b) In an SPNE, what...
-
City Hospital would like to develop a regression model to predict the total hospital bill for a patient based on his or her length of stay, the number of days in the hospitals intensive care unit...
-
What is the hybridization at each C in this molecule? Indicate the type of bond and the orbital's that are overlapping to form it for each of the designated bonds? ITT H=C=C=C=C_C7H (both) H tall...
-
Bruce Farms Equipment Company had goodwill valued at \(\$ 80\) million on its balance sheet at year-end. A review of the goodwill by the company's CFO indicated that the goodwill was impaired and was...
-
Castle Lager has just purchased the Jacksonville Brewery. The brewery is two years old and uses absorption costing. It will sell its product to Castle Lager at $ 47 per barrel. Peter Bryant, Castle...
-
Question 1 A machinery manufacturer claims that less than 3% of his machines are defective. When 500 machines were drawn from a large production run, 0.5% were found to be defective. a. What is the...
-
LaBeach Inc. began operations of their business to manufacture and service industrial and sanitary pumps, mixers, heat exchangers and processing equipment on January 1 , 2 0 2 2 . The company s...
-
Carry out a mini-research and share with the class any interesting article that you have seen or read about that is related to careers or latest trends and technology in the Database Industry. Be...
-
There are no results for At December 31, 2021, the general ledger and subsidiary ledger for Wow's, a small beauty supply company, showed the following: General Ledger Accounts Receivable Subsidiary...
-
To prepare for this question, first create new table in the ischool_v2 database called new_person_records . The code for creating the table is provided in Q1_Partial_Code.sql. For this question,...
-
1. The following probability distributions of returns for two stocks have been estimated: Probability 0.25 Stock X Stock Y 3% 6% 0.35 8% 3% 0.40 6% 1% What is the coefficient of variation for the...
-
Occasions Ltd . manufactures an electronic toy. The cost per unit is as follows: Direct materials and direct labor $ 3 3 Variable overhead 2 4 Fixed overhead 4 8 Total $ 1 0 5 The fixed overhead is...
-
Max in problem 1 has $35 a day to spend, and he can spend as much time as he likes on his leisure pursuits. Windsurfing equipment rents for $10 an hour, and snorkeling equipment rents for $5 an hour....
-
After looking at the resources, explain what a spirit image is. Why might looking at a god and/or a human in terms of their spirit be helpful if you want to eliminate some of the divisions between...
-
A work sheet for Provident Electronics, Inc., for the current year is provided in the Working Papers. 1. Calculate net income before federal income tax. 2. Calculate the amount of federal income tax...
-
Financial statements for Provident Electronics, Inc., are given in the Working Papers. The Working Papers provide other selected information and forms needed to complete the problem. 1. Calculate and...
-
General ledger account titles and balances for Trexler, Inc., are recorded on a work sheet in the Working Papers accompanying this textbook. Instructions: Complete the work sheet for the current year...
Study smarter with the SolutionInn App