Homework Answers
Contribution margin per unit = (24000-7500)/24000 = 0.6875
Break even unit = (15000+1800)//.6875 = 24436
Margin of safety = (28000-24436)/28000 = 12%
So answer is b) 12%
Add Answer to:
Violet Flowers expects to sell 3,000 plants a month. She estimated the following monthly costs: Variable...
Barrymore Industries has monthly fixed costs totaling $30,000 and variable costs of $5 per unit. Each...
Barrymore Industries has monthly fixed costs totaling $30,000 and variable costs of $5 per unit. Each unit of product is sold for $20. What is the break-even point in units? 1,200 6,000 1,500 2,000 Barrymore Industries has monthly fixed costs totaling $30,000 and variable costs of $5 per unit. Each unit of product is sold for $20. How many units must be sold to earn a monthly profit of $45,000? 2,250 3,000 5,000 2,000 Barrymore Industries has monthly fixed costs...
Exercise 3 The Steel Shelf Company has the following operating costs: Rent $3,000 per month Utilities...
Exercise 3 The Steel Shelf Company has the following operating costs: Rent $3,000 per month Utilities 1,100 per month Insurance 1,500 per quarter Property Taxes 6,000 per year Steel $9.00 per shelf Labor $1.00 per shelf Sales Price $20.00 per shelf 1-What is the company’s variable cost per unit? 2-How many units per month does Steel Shelf Company need to sell to break even? 3-What is Steel’s contribution margin as a percentage of each dollar of sales? 4-If the company wants to...
The following is Arcadia Corporation's contribution month: 1400000 Sales Variable expenses 1,050,000 Contribution margin 350,0000 Fixed...
The following is Arcadia Corporation's contribution month: 1400000 Sales Variable expenses 1,050,000 Contribution margin 350,0000 Fixed costs Net income 175000 175000 The compan during moamo beginning or ending inventories,produced, and sold 20,000 units the month. Required: (30 POINTs) a. What is the company's contribution margin ratio and per unit? b. What is the company's break-even in units? pany have to sell to attain a target profit of $125,000? d. What is the company's margin of safety in dollars? f Arcadia...
Lec Exercise 6-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (L06-4) [The following...
Lec Exercise 6-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (L06-4) [The following information applies to the questions displayed below.) Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Per Unit S 85 51 S 34 Percent of Sales 1008 60 400 Fixed expenses are $77,000 per month and the company is selling 2,600 units per month, Exercise 6-5 Part 1 Required: 1-a. How much will net operating income increase (decrease) per month...
Monica’s Designer Handbags: Creative Marketing Decision-Making Based on Financial Analysis—A Case Study Michael T. Manion University...
Monica’s Designer Handbags: Creative Marketing Decision-Making Based on Financial Analysis—A Case Study Michael T. Manion University of Wisconsin – Parkside Karen Crooker University of Wisconsin – Parkside Peter Knight University of Wisconsin – Parkside Monica learned much about the designer apparel trade as an intern with a major retailer, and started a designer handbag business, selling through independent retailers. She practiced making sound marketing decisions using financial analysis techniques learned in college. These techniques proved useful when a regional discount...
Please help me analysis this article Medical Costs 15. ADS also accrued monthly for estimated medical...
Please help me analysis this article Medical Costs 15. ADS also accrued monthly for estimated medical costs for its employees, and made adjustments to the accrual throughout the year as actual cost information became available. As with pension costs, the Company’s accounting policy was to capitalize in inventory medical costs associated with manufacturing, which became part of COGS, and to expense as part of SG&A medical costs associated with non-manufacturing operations. 16. In March 2015, ADS personnel determined that...
Question 9 1) Summarize the information for TrueBeat from Q9 & 10 of HW1.1 assuming they...
Question 9
1) Summarize the information for TrueBeat from Q9 & 10 of HW1.1 assuming they produce and sell 1,000 drum sets during the year. Remember to use 2 decimals for "per unit" values. Total Dollars True Beat - Summarized connect given data Average Cost per Unit Direct materials 19 Direct labor $ 90 Variable manufacturing overhead $ 35 Fixed manufacturing overhead $ Fixed selling & administrative expense $ Variable selling & administrative expenses 25 Sales price per unit 516...
Question 9a, 9b, 9c, and 9b and Question 6e and 6f (Also please review if ive...
Question 9a, 9b, 9c, and 9b and Question 6e and 6f
(Also please review if ive done the assignment correct)
1) Summarize the information for TrueBeat from 09 & 10 of HW 1.1 assuming they produce and sell 1,000 drum sets during the year. Remember to use 2 decimals for “per unit" values. Total Dollars TrueBeat - Summarized connect given data Average Cost per Unit Direct materials Direct labor $ 90 Variable manufacturing overhead $ 35 Fixed manufacturing overhead $...
Janice Morgan, age 24, is single and has no dependents. She is a freelance writer. In...
Janice Morgan, age 24, is single and has no dependents. She is a
freelance writer. In January 2018, Janice opened her own office
located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called
her business Writers Anonymous. Janice is a cash basis taxpayer.
She lives at 132 Stone Avenue, Pleasant Hill, NM 88135. Her Social
Security number is 123-45-6789. Janice’s parents continue to
provide health insurance for her under their policy. Janice wants
to contribute to the Presidential Election...
Use Wal-Mart's financial statements to compute the following ratios (20-31) for the year ended January 31,...
Use Wal-Mart's financial statements to compute the following ratios (20-31) for the year ended January 31, 2013. 20. Current ratio А. 83 В. .97 C 65 D. 50 21. Acid-test (quick) ratio A. .10 В. .15 С. 20 D. 25 22. Accounts receivable turnover A. 65.10 times B. 69.90 times C. 73.85 times D. 78.93 times 23. Inventory turnover A. 5.45 times B. 6.87 times C. 7.16 times D. 8.34 times 24. Profit margin A. 2.75% B. 3.62% C. 4.18%...
The following is Arcadia Corporation's contribution month: 1400000 Sales Variable expenses 1,050,000 Contribution margin 350,0000 Fixed costs Net income 175000 175000 The compan during moamo beginning or ending inventories,produced, and sold 20,000 units the month. Required: (30 POINTs) a. What is the company's contribution margin ratio and per unit? b. What is the company's break-even in units? pany have to sell to attain a target profit of $125,000? d. What is the company's margin of safety in dollars? f Arcadia...
Lec Exercise 6-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (L06-4) [The following information applies to the questions displayed below.) Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Per Unit S 85 51 S 34 Percent of Sales 1008 60 400 Fixed expenses are $77,000 per month and the company is selling 2,600 units per month, Exercise 6-5 Part 1 Required: 1-a. How much will net operating income increase (decrease) per month...
Question 9
1) Summarize the information for TrueBeat from Q9 & 10 of HW1.1 assuming they produce and sell 1,000 drum sets during the year. Remember to use 2 decimals for "per unit" values. Total Dollars True Beat - Summarized connect given data Average Cost per Unit Direct materials 19 Direct labor $ 90 Variable manufacturing overhead $ 35 Fixed manufacturing overhead $ Fixed selling & administrative expense $ Variable selling & administrative expenses 25 Sales price per unit 516...
Question 9a, 9b, 9c, and 9b and Question 6e and 6f
(Also please review if ive done the assignment correct)
1) Summarize the information for TrueBeat from 09 & 10 of HW 1.1 assuming they produce and sell 1,000 drum sets during the year. Remember to use 2 decimals for “per unit" values. Total Dollars TrueBeat - Summarized connect given data Average Cost per Unit Direct materials Direct labor $ 90 Variable manufacturing overhead $ 35 Fixed manufacturing overhead $...
Janice Morgan, age 24, is single and has no dependents. She is a
freelance writer. In January 2018, Janice opened her own office
located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called
her business Writers Anonymous. Janice is a cash basis taxpayer.
She lives at 132 Stone Avenue, Pleasant Hill, NM 88135. Her Social
Security number is 123-45-6789. Janice’s parents continue to
provide health insurance for her under their policy. Janice wants
to contribute to the Presidential Election...
Use Wal-Mart's financial statements to compute the following ratios (20-31) for the year ended January 31, 2013. 20. Current ratio А. 83 В. .97 C 65 D. 50 21. Acid-test (quick) ratio A. .10 В. .15 С. 20 D. 25 22. Accounts receivable turnover A. 65.10 times B. 69.90 times C. 73.85 times D. 78.93 times 23. Inventory turnover A. 5.45 times B. 6.87 times C. 7.16 times D. 8.34 times 24. Profit margin A. 2.75% B. 3.62% C. 4.18%...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago