5. Exercise 9.5 McKee Corporation has annual fixed costs of $48 million. Its variable cost ratio is 0.60. What is the company's break-even dollar sales volume? $ million What is the dollar sales volume required to earn a target profit of $8 million? $ million
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- Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost, variable costs, and marginal cost?5. Harry's Hardware realizes a markup of $34.50 if it sells an article at a markup of 40% of the selling price. a. What is the regular selling price? b. What is the cost? c. What is the rate of markup based on cost? d. If overhead expenses are 27% of cost, what is the break-even price? e. What is the operating profit or loss, if the article is sold for $75?1. The cost-revenue data for a manufacturing company Item Cost or Revenue Selling price $85/unit Material and maintenance $25/unit Direct Labor cost $20 /unit Other costs /unit =70% of the labor cost/unit Find it out All fixed costs $130,000 1. Find the break-even quantity 2. If marginal cost beyond the break-even quantity, to 7000 units is $40/unit, what is the average cost to make 6000 units? (round the value. no decimal)
- in the month of Janaury a car dealership bought its vehicles for $100.000 and sold them for $145,000 It pays its employees $20,000 for the month. What is the gross profit for January? Ⓒ$45.000 Ⓒ$25.000 $100.000 $145.000a. ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total variable cost is $15000 per day. Calculate the average fixed cost, average variable cost, average total cost and total cost at the current output level.b. Calculate Economic profit and Accounting profit from the figures given below for ABC Company. • Total revenue $ 500,000• Wages and salaries $ 40,0000• Forgone salary $ 80,000• Interest paid $ 10,000• Forgone rent $ 10,000• Raw materials $ 50,000• Other payments $ 20,000• Forgone interest $ 7,00017. Duns at $2.90 per dozen. It costs for are the Rotary Club's gross profit margin and rate of markup on the hot Computer Warehouse buys a printer for $380 less trade discounts of 2096 and 10%. the operating expenses are $57 per printer: a. What should be the selling price to generate a profit of $33 per printer? b. What is the rate of markup? c. What is the gross profit margin? d. What would be the break-even selling price for an inventory clearance sale?
- Answer the attached question3. Suppose that the total revenue function for a commod- ity is R = 64x- 0.02x². (a) Find R(100) and tell what it represents. (b) Find the marginal revenue function. (c) Find the marginal revenue at x = 100 and tell what it predicts about the sale of the next unit and the next 3 units. (d) Find R(101) - R(100) and explain what this value represents.Break even point analysis 1. A manufacturing business that is involved in manufacturing and selling a single product. The annual fixed expenses to run the business are $15000 and variable expenses are $7.50 per unit. The sale price of your product is $15 per unit. A. Formulate the total revenue, total cost, and profit B. Find the break-even point quantity and revenue. C. Find the number of units to sell if the estimated profit is $50,000 D. Find the total profit if the total units sold is 5000 units. E. Find the units to sell to break-even the fixed expenses. 2. It costs a publishing company 50,000 dollars to make books. The 50,000 is a fixed cost or cost that cannot change. To help the publishing company sell the books, how many books should they sell to break even? 3. A manufacturing company supplies its products to construction job sites. The average monthly fixed cost pee site is $4,500, while each unit cost $35 to produce and selling price is $50 per unit.Determine the…
- 10. Chef Company makes and sells pre-packed lunches. The variable cost of each lunch is $4. The lunches are sold for $10 each. Fixed operating expenses amount to $6,000. Using the space below, prepare a break-even graph. Indicate the following on the graph: (a) fixed cost, (b) total cost, (c) total revenue, (d) loss, (e) breakeven point, and (f) profit area. I Q7. The demand and cost function for a company are estimated to be as follows: P = 100 - Q TC = 50 + 80Q -10Q2 + 0.6Q3 a. What price should the company charge if it wants to maximize its profit in the short run b. What price should it charge if it wants to maximize its revenue in the short run c. Suppose the company lacks confidence in the accuracy of cost estimates expressed in a cubic equation and simply wants to use a linear approximation. Suggest a linear representation of this cubic equation. What difference would it make on the recommended profit-maximizing and revenue-maximizing pricesA firm is producing a quantity of 20 units. The market price is $17. The firm's varialble cost is 1 fixed cost is $50. What is the firm's total revenue? a. $1860. 15-40 47id7b8 b. $340. c. $50. 9500471d7b8 d. $110. 95d6477b8 95d647fd 7 b8 MacBook Pro 888 F4 F3 %23 %24 %
