Homework Answers
Contribution margin=Sales-Variable cost
=500-100=$400 per unit
Breakeven=Fixed cost/Contribution margin
=400,000/400
=1000 units
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QUESTION 25 MJH company sells it's shoes for $500 a pair. The variable costs are $100...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes are $47 and the fixed costs per week are $6.193. a. Calculate the number of pairs of shoes that need to be sold every week to break even. Round up to the next whole number b. If 77 pairs of shoes were sold, calculate the net income in a week. (If the net income represents a loss, express your answer as a negative dollar...
QUESTION 9 Boomerang company sells a product at $100 per unit that has unit variable costs...
QUESTION 9 Boomerang company sells a product at $100 per unit that has unit variable costs of $30. The company's break-even sales point in sales dollars is $150,000. How much profit will the company make if it sells 4,000 units? A. $120,000 B. $70,000 C.$175,000 D. $215,000 QUESTION 10 To find the break-even point for a company that sells several products, the analyst must make an assumption about what the sales mix will be and calculate a weighted average contribution...
3. Production costs for manufacturing running shoes consist of a fixed overhead of $650,000 plus variable costs of $20 per pair of shoes. Each pair of shoes sells for $70. (a) Find the total cost...
3. Production costs for manufacturing running shoes consist of a fixed overhead of $650,000 plus variable costs of $20 per pair of shoes. Each pair of shoes sells for $70. (a) Find the total cost, C (g), the total revenue, R g), and the total profit, π(g), as a function of the (b) How many pairs of shoes must be produced and sold for the company to make a profit? number of pairs of shoes produced, q.
3. Production costs...
Question 8 5 pts A company sells a product for $1,250 each, variable cost per unit...
Question 8 5 pts A company sells a product for $1,250 each, variable cost per unit is $750, and total fixed cost are $700,000. Based on the provided information, answer the following: 1. What is the contribution margin in per unit? $ 2. Compute break even in units. units 3. Calculate sales in units and dollars in order to earn pre-tax income of $350,000. 1. Sales in Units: units 2. Sales in dollars: $ 4. Compute break even in units,...
Question 8 Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance....
Question 8 Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Pairs of Pairs of Gloves Range- Finder Shoes Unit sales price $104 $242 $33 Unit variable costs 58 12 203 Unit contribution margin $46 $21 $39 Sales mix 35 % 40 % 25 % Fixed costs are $750,075. Calculate weiqhted-average unit contribution marqin. (Round answer to 2 decimal places e.g. 10.25.) Weighted-average unit contribution margin LINK...
Selling price per pair of shoes $40 cost per pair of shoes $25 Total annual fixed...
Selling price per pair of shoes $40 cost per pair of shoes $25 Total annual fixed costs Salaries Advertising Other fixed expenses 100,000 40,000 100,000 i. Calculate the break even point and margin of safety in number of pairs of shoes sold ii Assume that 20,000 pairs of shoes were sold in a year Calculate the shops net income or loss (S marks i) If a sellimg commission of $2 per paar of shoe sold wes to be introduced, how...
Eaton Tool Company has fixed costs of $464,600, sells its units for $98, and has variable...
Eaton Tool Company has fixed costs of $464,600, sells its units for $98, and has variable costs of $52 per unit. a. Compute the break-even point. Break-even point units b. Ms. Eaton comes up with a new plan to cut fixed costs to $360,000. However, more labor will now be required, which will increase variable costs per unit to $55. The sales price will remain at $98. What is the new break-even point? (Round your answer to the nearest whole...
Eaton Tool Company has fixed costs of $525,000, sells its units for $106, and has variable...
Eaton Tool Company has fixed costs of $525,000, sells its units for $106, and has variable costs of $56 per unit. a. Compute the break-even point. b. Ms. Eaton comes up with a new plan to cut fixed costs to $400,000. However, more labor will now be required, which will increase variable costs per unit to $59. The sales price will remain at $106. What is the new break-even point? (Round your answer to the nearest whole number.) ...
Target Profit Beard Company sells a product for $15 per unit. The variable cost is 10...
Target Profit Beard Company sells a product for $15 per unit. The variable cost is 10 per unit, and fixed costs are 1,750,000. Determine (a) the break-even point in sales units and (b) the sales units required for the company to achieve a target profit of $400,000. a. Break-even point in sales units units b. Break-even point in sales units required for the company to achieve a target profit of $400,000 units
Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes...
Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 1 TL premium to sales person and 1 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs are...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes are $47 and the fixed costs per week are $6.193. a. Calculate the number of pairs of shoes that need to be sold every week to break even. Round up to the next whole number b. If 77 pairs of shoes were sold, calculate the net income in a week. (If the net income represents a loss, express your answer as a negative dollar...
QUESTION 9 Boomerang company sells a product at $100 per unit that has unit variable costs of $30. The company's break-even sales point in sales dollars is $150,000. How much profit will the company make if it sells 4,000 units? A. $120,000 B. $70,000 C.$175,000 D. $215,000 QUESTION 10 To find the break-even point for a company that sells several products, the analyst must make an assumption about what the sales mix will be and calculate a weighted average contribution...
3. Production costs for manufacturing running shoes consist of a fixed overhead of $650,000 plus variable costs of $20 per pair of shoes. Each pair of shoes sells for $70. (a) Find the total cost, C (g), the total revenue, R g), and the total profit, π(g), as a function of the (b) How many pairs of shoes must be produced and sold for the company to make a profit? number of pairs of shoes produced, q.
3. Production costs...
Question 8 5 pts A company sells a product for $1,250 each, variable cost per unit is $750, and total fixed cost are $700,000. Based on the provided information, answer the following: 1. What is the contribution margin in per unit? $ 2. Compute break even in units. units 3. Calculate sales in units and dollars in order to earn pre-tax income of $350,000. 1. Sales in Units: units 2. Sales in dollars: $ 4. Compute break even in units,...
Question 8 Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Pairs of Pairs of Gloves Range- Finder Shoes Unit sales price $104 $242 $33 Unit variable costs 58 12 203 Unit contribution margin $46 $21 $39 Sales mix 35 % 40 % 25 % Fixed costs are $750,075. Calculate weiqhted-average unit contribution marqin. (Round answer to 2 decimal places e.g. 10.25.) Weighted-average unit contribution margin LINK...
Selling price per pair of shoes $40 cost per pair of shoes $25 Total annual fixed costs Salaries Advertising Other fixed expenses 100,000 40,000 100,000 i. Calculate the break even point and margin of safety in number of pairs of shoes sold ii Assume that 20,000 pairs of shoes were sold in a year Calculate the shops net income or loss (S marks i) If a sellimg commission of $2 per paar of shoe sold wes to be introduced, how...
Eaton Tool Company has fixed costs of $464,600, sells its units for $98, and has variable costs of $52 per unit. a. Compute the break-even point. Break-even point units b. Ms. Eaton comes up with a new plan to cut fixed costs to $360,000. However, more labor will now be required, which will increase variable costs per unit to $55. The sales price will remain at $98. What is the new break-even point? (Round your answer to the nearest whole...
Target Profit Beard Company sells a product for $15 per unit. The variable cost is 10 per unit, and fixed costs are 1,750,000. Determine (a) the break-even point in sales units and (b) the sales units required for the company to achieve a target profit of $400,000. a. Break-even point in sales units units b. Break-even point in sales units required for the company to achieve a target profit of $400,000 units
Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 1 TL premium to sales person and 1 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs are...
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