Question: S-M:5-7 Calculating breakeven point in units, contribution margin ratio given Ocean Company sells a product with a contribution margin ratio of 80%. Fixed costs are

S-M:5-7 Calculating breakeven point in units, contribution margin ratio given Ocean

S-M:5-7 Calculating breakeven point in units, contribution margin ratio given Ocean Company sells a product with a contribution margin ratio of 80%. Fixed costs are $2,800 per month. What amount of sales (in dollars) must Ocean Company have to break even? If each unit sells for $30, how many units must be sold to break even

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!

McGuire Corporation began operations in 2024. The company purchases computer equipment from manufacturers and then sells to retail stores. During 2024, the bookkeeper used a check register to record...

S21-7 Calculating required sales in units, contribution margin ratio given Snow Company sells a product with a contribution margin ratio of 65%. Fixed costs are $4,000 per month. What amount of sales...

please assist,thanks. S20-7 Calculating breakeven point in units, contribution margin ratio given Learning Objective 3 Ocean Company sells a product with a contribution margin ratio of $ 80 \% $....

the most likely relevant facility-level cost driver for 19. Why is identification of a relevant range important? Choose all correct answers. a. It is required under GAAP. b. Cost behavior outside of...

1) The following cost data pertain to the operations of Rademaker Department Stores, Inc., for the month of March. Corporate headquarters building lease $84,600 Cosmetics Department sales...

format. 3-M:5-6 Calculating breakeven point in units, contribution margin given Mackler, Inc. sells a product with a contribution margin of $50 per unit. Fixed costs are $8,000 per month. How many...

2.972 PE 21-2A Contribution margin OBJ. 2 Elon Company sells 6,000 units at $80 per unit. Variable costs are $50 per unit, and fixed costs are $50,000. Determine (a) the contribution margin ratio,...

Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Per Unit $ 140 91 $ 49 Percent of Sales 1008 65 356 Fixed expenses are $88,000 per month and the...

apter 4 Lost Bendvid ree months of the year EE 4-1 p 137 PE 4-1B High-low method The manufacturing costs of Carrefour Enterprises for the first three months of the follow: Total Costs Units Produced...

BE 19-2 Contribution margin 5 PTS Lanning Company sells 170,000 units at $50 per unit. Variable costs are $30 per unit, and fixed costs are $1,000,000. Determine (A) the unit contribution margin, (B)...

Im wondering if anyone knows the answers and work to this study sheet, I plan to use it as examples to complete a practice quiz ACG 2071 Midterm Assessment Answer the questions to the best of your...

1. Is J. D. concerned more with job security or career security? Discuss. 2. Do you agree with J. D.s statement that Your knowledge is your portfolio within your current work place or within the...

3. How does Numeric's investment process work? Understand especially the Pepsico example in the case. What are the assumptions on which Numeric's two models are based? What are the sources of value...

lim h 0 ( h - 3 ) 2 - 9 h =

Do a telephone survey of banks in your area. Ask: Do they use electronic check clearing? If they use a clearing bank to manually clear checks, ask what bank they use. Ask what the average period of...

Consider the data in Problem 5-6. Analyze the data, assuming that replicates are blocks. Problem 5-6. The factors that influence the breaking strength of a synthetic fiber are being studied. Four...

Determine the new parameters of the network shown in fig 11.52 if Wnew = 10000 Wold.

In a 2016 article published in the Journal of American College Health, Heller et al. surveyed a sample of students at an urban community college. Students ages and frequency of alcohol use per month...

Refer to the body temperatures listed in Exercise 2 . Use only the decimal parts of the temperatures (0, 0, 0, 7, and so on) to test the claim that the sequence of odd and even digits is random....

In the context of carbon footprint, emissions that occur outside a company's boundary, but over which it has some control, are classified as Scope 2 emissions. Group of answer choices True False

4.81 A college bookseller makes calls at the offices of professors and forms the impression that professors are more likely to be away from their offices on Friday than any other working day. A...

4.78 A real estate agent is interested in the relationship between the number of lines in a newspaper advertisement for an apartment and the volume of inquiries from potential renters. Let volume of...

4.74 Consider the joint probability distribution: X 1 2 Y 0 0.70 0.0 1 0.0 0.30 a. Compute the marginal probability distributions for X and Y. b. Compute the covariance and correlation for X and Y....