Answered: A company sells its product for $33 per…

A company sells its product for $33 per unit, with variable costs of $18 per unit and fixed costs totaling $4,500. How many units must it sell to break even?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 6MC: If a company has fixed costs of $6.000 per month and their product that sells for $200 has a...

See similar textbooks

Related questions

Q: Hi expert please give me answer general accounting

A: Step 1: Define Net IncomeNet income is known as the bottom line and is the last line on the income…

Q: Liberty Contractors records depreciation of $50,000 per year for three years. For tax purposes, the…

A: Step-by-Step SolutionGiven:Book Depreciation: $50,000 per year.Tax Depreciation for Year 2:…

Q: What is the company's projected total owner's equity on these general accounting question?

A: Step 1: Define Owners' EquityOwners' Equity (also known as Shareholders' Equity in corporations)…

Q: Accounting question

A: Present Value of Perpetuity = Cash Flow/Interest Rate 3,000 = 240/Interest Rate Interest Rate =…

Q: Problem related to Accounting

A: Explanation of Assets:Assets are resources owned by a company that have economic value and can…

Q: Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional…

A: Dance Creations Cost AnalysisProblem SummaryDance Creations manufactures and sells Hawaiian hula…

Q: Give true answer the accounting question

A: Step 1: Define Cash DisbursementsCash disbursements refer to the payments made by a company during a…

Q: Can you please solve this accounting question?

A: Step 1: Define Total AssetsThe total assets on a balance sheet are the sum of all resources owned by…

Q: Provide correct answer general accounting

A: Step 1: Define Absorption costingAn absorption costing approach includes collecting and distributing…

Q: Provide correct answer general accounting

A: Step 1:The equity multiplier is calculated as follows: Equity multiplier = 1 + Debt to equity ratio…

Q: General accounting

A: Step 1: Analysis of information providedProduct G is discontinued and F and H are continued. This…

Q: Financial Account Subject

A: The correct answer is:D) economies of scope Explanation:Economies of Scope:This occurs when a firm…

Q: General Accounting

A: The equity premium is calculated as the difference between the stock market return and a baseline…

Q: What is Bicket's 2013 return on common stockholders equity on these accounting question?

A: ROEReturn on common stockholders' equity measures how effectively a company generates profit from…

Q: Hi expert please give me answer general accounting question

A: Problem BreakdownWe are given a $4,000 note receivable with the following terms:Principal (Face…

Q: Hi expert provide correct answer

A: Step 1: Definition of Taxability of ScholarshipsScholarships and grants used to pay for qualified…

Q: Financial Accounting

A: Step 1: Determine the physical flow of units• Beginning Work in Process (BWIP)• Units started during…

Q: General accounting

A: Step 1: Define Capital RatiosCapital ratios are debt-equity ratios, debt-capital ratios, total…

Q: Rutherford Company's records indicate the following information for the year: Merchandise inventory,…

A: To determine the cost of missing inventory, we will calculate the estimated ending inventory using…

Q: Accounting 12

A: Explanation of Gross Profit:Gross profit is the difference between a company's total sales revenue…

Q: Please provide this question solution general accounting

A: Straight-Line Depreciation: A method of allocating the cost of an asset evenly over its useful life,…

Q: Calculate the average number of days that inventory was held by Kelley, Inc. during 2018, Assume 365…

A: Formula to Use: Days in Inventory=Cost of Goods SoldAverage Inventory×365 This measures…

Q: Financial Accounting

A: Long-term debt (2014): $8.2 millionLong-term debt (2015): $8.5 millionInterest expense (2015):…

Q: General accounting

A: Step 1: Define Net IncomeNet income is a result of the increased amount of revenue on expenses. If…

Q: Please solve this question general accounting

A: Step 1: Define Variable ExpensesVariable expenses changes with the change in production activity in…

Q: Accounting 25

A: Explanation of Trade Credit TermsTrade credit terms represent the payment conditions set by the…

Q: Answer This General Accounting Question

A: Explanation of Fixed Costs:Fixed Costs are the expenses that remain constant regardless of the level…

Q: Don't use ai given answer accounting questions

A: Detailed explanation:Given : Annual Revenue $ 205,000Expenses $ 113,700Dividends Paid $…

Q: Provide correct option general accounting

A: If Product G is discontinued, net income will decrease by 20,000, due to the loss of 20,000…

Q: General Accounting Question

A: Step 1: Information given for Pre-diagnostic room:Budgeted indirect costs pre diagnostic room =…

Q: Carson manufacturing recorded its height solution general accounting question

A: Step 1: Information providedAugust Month (High Production)Production = 200,000 unitsUtility Cost =…

Q: I want to correct answer general accounting question

A: Step 1: Definition of Plantwide Overhead RateThe plantwide overhead rate is a single rate used to…

Q: Hello tutor provide correct answer general accounting question

A: Basics of AccountingWhat are the fundamental principles of accounting?Consistency, relevance,…

Q: D Company had cash sales of $89,275, credit sales of $93,450, sales returns and allowances of…

A: Explanation of Net Sales: Net sales represent the total revenue a company generates from its sales…

Q: Solve Asap this general account query

A: Step 1: Understand the Accounting EquationThe accounting equation is:…

Q: Kindly help me with this accounting questions

A: Step 1: Define Chargeable disposalA chargeable disposal is a taxable event where an individual or…

Q: Do fast answer of this general accounting question

A: Step 1: Lower of cost or market value (LCM) ruleUnder LCM rule, inventory is valued at cost or…

Q: Hello teacher please given correct answer

A: Step 1: Define Rate of Return on AssetThe return on assets is a ratio used to measure the ability of…

Q: Do fast answer of this accounting questions

A: Step 1: Understand the Pricing StructureThe trucking company charges different rates for hauling…

Q: Hii expert please given correct answer general accounting question

A: Step 1: Define SalesTotal sales is the amount of revenue generated by the business by selling goods…

Q: What was the cost of the item to Aurora Supplies for this accounting question?

A: Step 1: Define Cost-Plus PricingCost-Plus Pricing is a pricing method where the selling price is…

Q: What was the net income for the year? General accounting

A: Step 1: Define Net IncomeThe net income is the residual revenue left with the business after the…

Q: What is the company's return on common stockholder's equity for 2022 on these financial accounting…

A: Step 1: Define Return on Common Stockholders' Equity (ROE):Return on Common Stockholders' Equity…

Q: Hi teacher please help me this question general accounting

A: Step 1: Define Net IncomeNet income refers to the margin above expenses that are left of total…

Q: General accounting question

A: Part 1: Interest IncomeBonnie owns a corporate bond with:Par value: $12,000Coupon rate: 9% (annual…

Q: Please solve this question general accounting

A: Step 1:First, calculate the income tax expense: Income tax expense = Income from continuing…

Q: If a technological advance reduces the amount of variable resources needed to produce any level of…

A: Explanation:1. Technological Advance Impact on AVC (a):A technological advance typically leads to…

Q: What are laws and regulations specific to an Accoutning Firm? Describe laws and regulations that…

A: There are several laws and regulations that apply to an Accounting Firm. These include the…

Q: Please provide this question solution

A: Explanation: The amount to be reported in the income statement will be after considering the tax…

Q: General Accounting

A: The budgeted rate for the indirect cost of the pre-diagnostic room needs to be computed by dividing…

Question

A company sells its product for $33 per unit, with variable costs of $18 per unit and fixed costs totaling $4,500. How many units must it sell to break even?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000
Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are $15,250. Delta Co.s tax rate is 36% and the company wants to earn $44,000 after taxes. What would be Deltas desired pre-tax income? What would be break-even point in units to reach the income goal of $44,000 after taxes? What would be break-even point in sales dollars to reach the income goal of $44000 after taxes? Create a contribution margin income statement to show that the break-even point calculated in B, generates the desired after-tax income.
A company sells its product for $33 per unit, with variable costs of $18 per unit and fixed costs totaling $4,500. How many units must it sell to break even? Question
A company sells its product for $33 per unit, with variable costs of $18 per unit and fixed costs totaling $4,500. How many units must it sell to break even? Want Answer
A company sells its product for $33 per unit, with variable costs of $18 per unit and fixed costs totaling $4,500. How many units must it sell to break even? Accounting
A company faces fixed costs of $100,000 and variable costs of $8.00/unit. They plan to directly sell their product to the market for $12.00. How many units must they produce and sell to break even?
Sell
Radison Inc. sells a product for $40 per unit. The variable cost is $20 per unit, while fixed costs are $83,200. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $46 per unit.
Maggie Corp. has a selling price of $25 per unit, variable costs of $11 per unit, and fixed costs of $141,400. How many units must be sold to break even?
Lablanc Inc. sells a product for $60 per unit. The variable cost is $34 per unit, while fixed cost are $108,160. Determine (a) the break-even point in sales unit (b) the break-even point if the selling price weee increases to $66 per unit.
Bloom Enterprises has fixed costs of $825,400. The selling price per unit is $210, and the variable cost per unit is $120. How many units must the company sell in order to earn a profit of $190,000?help
What will net income be