Use the accompanying Profit Analysis spreadsheet model to answer the following questions. Click here for the...
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Use the accompanying Profit Analysis spreadsheet model to answer the following questions. Click here for the Excel Data File Assumptions: Fixed cost: Material costs per item: Labor costs per item: Shipping costs per 100 items: Price per item: Quantity: Outputs: Total revenues: Total costs: 2 Total profits: 3 $ 5,500.00 $ $ $ $ 2.25 6.50 200.00 12.99 2500 $ 32,475.00 $ 32,375.00 $ 100.00 a. Use the data table tool to show the impact of quantity ranging from 1,500 to 5.500 with 500 unit increments on the total revenues, total costs, and total profits. What are the revenues, costs, and profits for 4,000 units? b. Use the data table tool to show the impact of labor costs ranging from $5.00 to $8.00 with $0.50 increments and price per item ranging from $10.99 to $15.99 with $1.00 increments on the total profits. What is the total profit if the labor costs are $6.50, and the price is $14.99? Note: Round your answers to 2 decimal places. c. What is the breakeven quantity using the assumptions in the spreadsheet model? Note: Round your answer to the nearest whole number. d. What is the quantity needed if the company wants to achieve a profit of $20,700, using the assumptions in the spreadsheet model? Note: Round your answer to the nearest whole number. Use the accompanying Profit Analysis spreadsheet model to answer the following questions. Click here for the Excel Data File Assumptions: Fixed cost: Material costs per item: Labor costs per item: Shipping costs per 100 items: Price per item: Quantity: Outputs: Total revenues: Total costs: 2 Total profits: 3 $ 5,500.00 $ $ $ $ 2.25 6.50 200.00 12.99 2500 $ 32,475.00 $ 32,375.00 $ 100.00 a. Use the data table tool to show the impact of quantity ranging from 1,500 to 5.500 with 500 unit increments on the total revenues, total costs, and total profits. What are the revenues, costs, and profits for 4,000 units? b. Use the data table tool to show the impact of labor costs ranging from $5.00 to $8.00 with $0.50 increments and price per item ranging from $10.99 to $15.99 with $1.00 increments on the total profits. What is the total profit if the labor costs are $6.50, and the price is $14.99? Note: Round your answers to 2 decimal places. c. What is the breakeven quantity using the assumptions in the spreadsheet model? Note: Round your answer to the nearest whole number. d. What is the quantity needed if the company wants to achieve a profit of $20,700, using the assumptions in the spreadsheet model? Note: Round your answer to the nearest whole number.
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Answer rating: 100% (QA)
Breakeven point It is a situation where a firm has no profit or no loss It define the relationship b... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Posted Date:
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