Homework Answers
Annual breakeven revenue in dollars=(Annual Fixed Costs+Mothly Gallery Cost*12)/(Price-Variable Cost)*Price=(800+80*12)/(15-9)*15=4400.00
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Xavi sells seashore paintings. His annual Fixed Costs are $800 and the Variable Costs are $9...
Kent Artists is a consignment gallery for local artists in Kent. “Consignment” means that the artists...
Kent Artists is a consignment gallery for local artists in Kent. “Consignment” means that the artists bring their original artwork to the gallery, the gallery displays, markets, and sells it, and the gallery shares the revenue from the sale with the artist. Right now, Kent Artists has a standard contract with its artists where 45% of the revenue from each sale goes to the artist and 55% goes to Kent Artists. Kent Artists uses their portion of the revenue to...
Stones Manufacturing, sells a marble slab for $1500. Fixed costs are $31,000, while the variable costs...
Stones Manufacturing, sells a marble slab for $1500. Fixed costs
are $31,000, while the variable costs are $450 per slab. The
company currently plans to sell 240 slabs this month. What is the
margin of safety assuming 75 slabs are budgeted?
$207,714.286
$31,000
$68,214.2857
$315,714.286
Answer the following questions using the information
below:
Southwestern College is planning to hold a fund raising banquet at
one of the local country clubs. It has two options for the
banquet:
Southwestern College has...
Family Furniture sells a table for $ 900. Its fixed costs are $2,500, while its variable...
Family Furniture sells a table for $ 900. Its fixed costs are $2,500, while its variable costs are $600 per table. It currently plans to sell 190 tables this month. What is the budgeted revenue for the month assuming that Family Furniture sells 190 tables?
Question Help Canvas Reproductions has fixed operating costs of $12,300 and variable operating costs of $10.96...
Question Help Canvas Reproductions has fixed operating costs of $12,300 and variable operating costs of $10.96 per unit and sells its paintings for $26.21 each. At what level of unit sales will the company break even in terms of EBIT? The operating breakeven point is units. (Round to the nearest integer.)
(d) Assume that variable costs increase to 45% of the current sales price and fixed costs...
(d) Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $12,000 per month. If Sunland were to raise its sales price 10% to cover these new costs, but the number of blankets sold were to drop by 6%, what would be the new annual operating income? (Round sales price to 2 decimal places, eg. 52.75 and final answer to decimal places, eg. 5,275.) The new annual operating income Toython 3 of 4...
Benson Corporation sells products for $34 each that have variable costs of $9 per unit. Benson’s annual fixed cost is $5...
Benson Corporation sells products for $34 each that have variable costs of $9 per unit. Benson’s annual fixed cost is $590,000. Required Use the per-unit contribution margin approach to determine the break-even point in units and dollars.
Stones Manufacturing sells a marble slab for $1,100. Fixed costs are $35,000, while the variable costs...
Stones Manufacturing sells a marble slab for $1,100. Fixed costs are $35,000, while the variable costs are $450 per slab. The company currently plans to sell 230 slabs this month. What is the margin of safety assuming 80 slabs are actually sold? (Round interim calculations and final calculations to the nearest whole number.) A. $90,100 B. $193,600 C. $28,600 D. $35,000
Stones Manufacturing sells a marble slab for $1,100. Fixed costs are $34,000, while the variable costs...
Stones Manufacturing sells a marble slab for $1,100. Fixed costs are $34,000, while the variable costs are $550 per slab. The company currently plans to sell 210 slabs this month. What is the margin of safety assuming 80 slabs are actually sold? (Round unit calculations up to the nearest whole number.) O A. $34.000 OB. $19,800 O C. $47,300 OD. $162,800
Q.3 Benson Corporation sells products for $35 each that have variable costs of $9 per unit. Benson’s annual fixed cost i...
Q.3
Benson Corporation sells products for $35 each that have
variable costs of $9 per unit. Benson’s annual fixed cost is
$603,200.
Required
Use the per-unit contribution margin approach to determine the
break-even point in units and dollars.
Break-even point in units Break-even point in dollars
Breakeven analysis Barry Carter is considering opening a used-book store. He wants to estimate the number...
Breakeven analysis Barry Carter is considering opening a used-book store. He wants to estimate the number of books he must sell to break even. The books will be sold for $14.49 each, variable operating costs are $10.22 per book, and annual fixed operating costs are $73,900. a. Find the operating breakeven point in number of books. b. Calculate the total operating costs at the breakeven volume found in part (a). c. If Barry estimates that at a minimum he can...
Stones Manufacturing, sells a marble slab for $1500. Fixed costs
are $31,000, while the variable costs are $450 per slab. The
company currently plans to sell 240 slabs this month. What is the
margin of safety assuming 75 slabs are budgeted?
$207,714.286
$31,000
$68,214.2857
$315,714.286
Answer the following questions using the information
below:
Southwestern College is planning to hold a fund raising banquet at
one of the local country clubs. It has two options for the
banquet:
Southwestern College has...
Question Help Canvas Reproductions has fixed operating costs of $12,300 and variable operating costs of $10.96 per unit and sells its paintings for $26.21 each. At what level of unit sales will the company break even in terms of EBIT? The operating breakeven point is units. (Round to the nearest integer.)
(d) Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $12,000 per month. If Sunland were to raise its sales price 10% to cover these new costs, but the number of blankets sold were to drop by 6%, what would be the new annual operating income? (Round sales price to 2 decimal places, eg. 52.75 and final answer to decimal places, eg. 5,275.) The new annual operating income Toython 3 of 4...
Stones Manufacturing sells a marble slab for $1,100. Fixed costs are $34,000, while the variable costs are $550 per slab. The company currently plans to sell 210 slabs this month. What is the margin of safety assuming 80 slabs are actually sold? (Round unit calculations up to the nearest whole number.) O A. $34.000 OB. $19,800 O C. $47,300 OD. $162,800
Q.3
Benson Corporation sells products for $35 each that have
variable costs of $9 per unit. Benson’s annual fixed cost is
$603,200.
Required
Use the per-unit contribution margin approach to determine the
break-even point in units and dollars.
Break-even point in units Break-even point in dollars
Breakeven analysis Barry Carter is considering opening a used-book store. He wants to estimate the number of books he must sell to break even. The books will be sold for $14.49 each, variable operating costs are $10.22 per book, and annual fixed operating costs are $73,900. a. Find the operating breakeven point in number of books. b. Calculate the total operating costs at the breakeven volume found in part (a). c. If Barry estimates that at a minimum he can...
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