(25) A bookstore reports these data: • Selling price per unit: $8 •Variable cost per unit: $4 Number of units sold: 80,000 units • Net income: $70,000 What is the bookstore's calculated break-even point in number of units? 58,500 units 60,500 units 62,500 units 64,500 units
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- 1.2 REQUIRED Calculate the economic order quantity (EOQ) from the information provided below. INFORMATION The monthly demand for an item sold by Super Stores is 1 000 units. The cost is R6 per unit and the item is sold at cost price plus 50%. The ordering cost amounts to R25 per order and the holding cost per unit is equal to 10% of the unit cost of the item.Please solve this question general accountingwhat is the dollar sales to attain that target profit is closest to Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 150.00 $ 42.00 $421,200 He Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your i calculations to 2 decimal places.)
- Assume the following information for a merchandising company: Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit$2 Fixed administrative expenses Beginning merchandise inventory Ending merchandise inventory Merchandise purchases What is the gross margin? O $155,000 O $260,000 O $255,000 O $265,000 20,000 $30 $3 $50,000 $24,000 $19,000 $340,000PA1. 10.1 When prices are rising (inflation), which costing method would produce thehighestvalue for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Number of Units Cost per Unit $6,000 7,000 7,500 Purchase 2 Purchase 3 Purchase 4 Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)1:56 An income statement for Sam's Bookstore for the first quarter of the year is presented below: Sales Cost of goods sold Gross margin Selling and administrative expenses Selling Administrative Net operating income. Multiple Choice O Sam's Bookstore Income Statement For Quarter Ended March 31 O O On average, a book sells for $60. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 4% of sales with the remainder being fixed. The contribution margin for Sam's Bookstore for the first quarter is: O $789,000 $149,000 $185,000 $ 102,000 108,000 $751,000 $ 900,000 640,000 260,000 210,000 $50,000 Help Save & E
- Assume the following information for a merchandising company: Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Fixed administrative expenses Beginning merchandise inventory Ending merchandise inventory. Merchandise purchases What is the amount of total variable expenses? 20,400 $ 30 $ 3 $2 $ 50,000 $ 24,000 19,000 $ 336,000What is the weighted average unit cost using the following information? Beginning Inventory 11/1: 1,000 units at $25 per unit Purchase 11/10: 2,500 units at $30 per unit Purchase 11/15: 1,500 units at $20 per unit Sold 11/25: 2,500 units for $50 each $25.00 $26.00 $30.00 $36.00Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,532,857 $429,200 $596,111 $ 150.00 $ 42.00 $ 421,200 $852,723
- nkt.3 A company sells Yoohoo for $6 a can with unit sales of 10,000. If cost of goods is $40,000, what is total sales?Consider the following information: ts Retail price per unit: $150 Wholesale price per unit: $80 Manufacturer's price per unit: $50 Manufacturer's variable cost: $35 Retailer's fixed costs per quarter: $75,000 Wholesaler's fixed costs per quarter: $1,750 ,000 Manufacturer's fixed costs per quarter: $2,500, 000 Retailer's unit sales this quarter: 1,800 Wholesaler's unit sales this quarter: 80,000 Manufacturer's unit sales this quarter: 160,000 s What is the retailer's markup? $70 $30 $100 46.7%Norris Co. purchase and sales data is as follows: Units Cost per Unit Aug. 1 Inventory 50 $25 7 Sale 38 18 Purchase 25 $30 24 Sale ? 29 Purchase 60 $32 The August 24th sale is provided as a slider to vary the quantity sold as follows: 1. If 10 units are sold on August 24th, what is the total Cost of Merchandise Sold for the month under LIFO? $ _________ 2. If 30 units are sold on August 24th, what is the Merchandise Inventory balance on August 31 under FIFO? $ ___________ 3. Under either FIFO or LIFO, as the number of units sold increases, the number of units in the Merchandise Inventory ending balance ________(DECREASE/INCREASE/REMAIS UNCHANGED/VARIES RANDOMLY) . 4. If 30 units are sold on August 24th under LIFO, what is the total cost of this sale? $ _________ 5. If 20 units are sold on August 24th under FIFO, what is the total cost of this sale? $ ____________ 6. The…
