Mammoth Furniture makes and sells a wooden garden seat known as the 'Eve. The figures for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Mammoth Furniture makes and sells a wooden garden seat known as the 'Eve. The figures for this business have not yet been set out in the form of a table. All you have been given are the following monthly figures: Cost of timber and labor for making seat £30 per seat Selling price £60 per seat Monthly fixed costs £9,000 1. Draw up equations for total costs and sales income. (4 marks) 2. Draw up a break-even graph by first drawing a table of sales and total costs values, for production of seats in multiples of 100 from zero up to 1,000. (5 marks) X Sales Total costs 0 100 200 300 400 500 600 700 800 900 1000 3. Show where the break-even point is. (3 marks) 4. Read off the graph the profit or loss if 200 seats are produced and sold each month. (4 marks) 5. Read off the graph the profit or loss if 1,000 seats are produced and sold each month. (4 marks) [Total: 20 marks] Mammoth Furniture makes and sells a wooden garden seat known as the 'Eve. The figures for this business have not yet been set out in the form of a table. All you have been given are the following monthly figures: Cost of timber and labor for making seat £30 per seat Selling price £60 per seat Monthly fixed costs £9,000 1. Draw up equations for total costs and sales income. (4 marks) 2. Draw up a break-even graph by first drawing a table of sales and total costs values, for production of seats in multiples of 100 from zero up to 1,000. (5 marks) X Sales Total costs 0 100 200 300 400 500 600 700 800 900 1000 3. Show where the break-even point is. (3 marks) 4. Read off the graph the profit or loss if 200 seats are produced and sold each month. (4 marks) 5. Read off the graph the profit or loss if 1,000 seats are produced and sold each month. (4 marks) [Total: 20 marks]
Expert Answer:
Related Book For
Auditing The Art And Science Of Assurance Engagements
ISBN: 9780136692089
15th Canadian Edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones
Posted Date:
Students also viewed these mathematics questions
-
In ancient days a tribe of natives on the mythical continent of Atlantis was able to produce two commodities to eat. They could harvest fish from the sea and they could grow a form of wild oats.Table...
-
If the power plant uses a Carnot cycle and the desired theoretical efficiency is 6.5%, from what depth must cold water be brought? (a) 100 m; (b) 400 m; (c) 800 m; (d) deeper than 1000 m. Ocean...
-
The diagram below shows the demand curve, marginal revenue curve, and cost curves for a monopolist that owns the only golf course on Eagle Island. The mon¬opolist's product is 18-hole golf games....
-
Case 2: First Year on the Job Joe finally received that job offer in the mail. He worked part-time for First Cirrus Bank during the spring semester and the work experience had paid off. Beginning on...
-
(Multiple choice) (1) A large sheet of metal has a hole cut in the middle of it. When the sheet is heated, the area of the hole will (a) Not change. (b) Always increase. (c) Always decrease. (d)...
-
During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) Capital Asset L stock M stock N stock 0 stock Antiques Rental...
-
What are the six aspects of quality of life?
-
Automated teller machines (ATMs) have become common in the banking industry. San Angelo Federal Bank is planning to replace some old teller machines and has decided to use the York Machine. Nola...
-
While scrolling through your favorite social media site, apicture of Philodendron ?a common houseplant?catchesyour eye. Your friend says about the photo, ?This houseplant and Iare best friends. It?s...
-
The following rates were observed for a first-order, irreversible reaction, carried out on a spherical catalyst: dp = 0.625 cm robs=0.09 mol/gcat.hr dp = 0.10 cm Tobs = 0.275 mol/gcat.hr Strong...
-
Who is responsible for the misconduct when looking at the scandal through the CSR lens? It is VW as a whole? Is it senior management who set very ambitious targets for the company? Is it the...
-
Plot the specified output by using the RK4 method. \(\ddot{x}+2 \dot{x}+x \sqrt{|x|}=1+\sin t, \quad x(0)=1, \quad \dot{x}(0)=0, \quad 0 \leq t \leq 10\), output : \(\dot{x}\)
-
Alternatives 1, 2, and 3 have lives of 3, 4, and 6 years, respectively. Their net cash flow (NCF) and salvage value (SV) profiles are as follows: Additional explanation is necessary: The NCF profile...
-
The U.K. Met Office maintains a longer record of monthly average and annual average temperatures for Central England from 1659 onwards in the file...
-
The following table shows the approximate speed of sound in air, water, and steel. Design a program that displays a menu allowing the user to select air, water, or steel. After the user has made a...
-
The following transactions occurred for Wilke Technology Solutions: Requirements 1. Open four-column accounts using the following account numbers: Cash, 110; Accounts Receivable, 120; Office...
-
An electric heater which is connected to a 220 V supply line has two resistance coils A and B of 24 ohm resistance each. These coils can be used separately (one at a time), in series or in parallel....
-
If a force of F = 50 Ib is applied to the pads at A and C, determine the smallest dimension d required for equilibrium if the spring has an unstretched length of 1 ft. B 1 ft 1 ft F k = 15016/fr 1ft...
-
In an examination of Marco Corporation as of December 31, 2020, the following situations exist. No related entries have been made in the accounting records. 1. Marco Corporation has guaranteed the...
-
List one possible control for each of the five assertions for acquisition transactions. For each control, list a test of controls to test its effectiveness.
-
PawLow Inc. is a private manufacturer of specialized lubricants for the space industry. Its lubricants are used to cover moving mechanical parts inside rocket ships, the Space Station, and the Mars...
-
A fixed-fixed beam carries an electric motor of mass \(100 \mathrm{~kg}\) and operational speed \(3000 \mathrm{rpm}\) at its midspan, as shown in Fig. 8.34. If the motor has a rotational unbalance of...
-
Consider a railway car moving on a railroad track as shown in Fig. 8.36(a). The track can be modeled as an infinite beam resting on an elastic foundation and the car can be idealized as a moving load...
-
Find the first two natural frequencies of vibration in the vertical direction of the floor of the suspension bridge shown in Fig. 8.27 under the following assumptions: 1. The floor can be considered...
Study smarter with the SolutionInn App