Match the descriptions 1 through 5 with labels a through e on the CVP chart.Dollars$25,000$20,000$15,000$10,000$5,000$01. Break-even point2. Total sales line3. Loss area4. Profit area5. Total costs line(b)200 400 600(c)(d)(a)(e)800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400Units produced and sold

Breakeven is the point at which an entity is in a situation of no profit and no loss. At this point,…

Answered: Dollars $20,000 $15,000 $10,000 $5,000…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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20. Sparkle Jewelry sells 600 units resulting in $75,000 of sales revenue, $32,000 of variable costs, and $26,000 of fixed costs. Breakeven points in units is? a. 447 units b. 684 units c. 810 units d. 363 units
Sudex produces two types of its products. Product 1 Product 2 Units produced and sold 4,150 10,200 Selling price per unit P15 P13 Variable costs per unit 9 The company's fixed costs totaled 72,000, of which 15,200 can be directly traced to Product 1 and 40,200 can be directly traced to Product 2. The effect on the firm's profits if Product 2 is dropped would be a: a.10,800 increase b.35,800 increase c.35,800 decrease d.10,800 decrease
3\ Company XYZ made total contribution margin of $800,000 and a net income of $90,000. The company also made a total gross margin of $570,000. Assume that the variable selling and administrative expenses 2($) were $280,000, how much is the fixed manufacturing cost None of the given answers .a 200,000 b 710,000 .c 510.000 d 480.000 e O
We sell two products: Product #1 Product #2 Total Sales $200,000 $400,000 $600,000| Variable Expenses 120,000 350,000 470,000 Contribution Margin 80,000 50,000 130,000 CM Ratio 40% 12.5% 21.67% Fixed Expenses total $30,000. What is the breakeven point based on the current sales mix? A. $600,000 B. $75,000 C. $138,440 D. $240,000 4.
O e. $4.44 Masirah Company sold 5,000 units of its product resulting in $70,000 of sales revenue, $25,000 of variable costs, and $14,000 of fixed costs. If variable costs decrease by $1 per unit, the new margin of safety in units is: O a. 3,600 units b. 5,000 units O c. 3,445 units O d. None of the given answers O e. 1,400 units Windows bu
X Company Y Company Amount Percent Amount Percent Sales $ 148,000 100.00 $ 148,000 100.00 Variable costs 88,800 60.00 44,400 30.00 Contribution margin 59,200 40.00 103,600 70.00 Fixed costs 34,150 70,200 Operating income (Tig) 25,050 33,400 Y Company's margin of safety (MOS) in sales dollars (rounded) is:
Sales fixed cost $2,000,000 units sold 50 unit selling price $140,000 profit $400,000 Find the variable cost per unit and the breakeven point.
W. Region E. Region Stock Inc. Darby Corp $ Cost of goods sold 590,000 1,050,000 301,000 200,000 + Operating income (loss) + $ + $ + Cust-level oper. costs 54,110 50,670 35,250 29,600 Total = Total customer-level costs 644,110 1,100,670 336,250 229,600 = || || GA GA CA Now prepare a customer-cost hierarchy report. (Use parentheses or a minus sign to enter an operating loss. Abbreviations used: W. = West; E. = East; Dist. = Distribution; oper. = operating; inc. = income.) EA Customer Distribution Channels Wholesale Customers Total W. Region E. Region Wholesale Wholesaler Wholesaler Retail Customers Total Retail Stock Inc. Darby Corp
Determine the missing amounts. 1. 2. 3. $ Unit Selling Price $800 $350 (e) $ $ Unit Variable Costs $336 (c) (f) $ Unit Contribution Margin $147 $800 (a) Contribution Margin Ratio % (b) % (d) 40 %
If sales are $28,000, variable costs are $8,000, and fixed costs are $4,000, the contribution margin ratio is: (rounded to the nearest number) O a. 57% O b. 29% O c. 14% O d. None of the given answers O e. 71% US PAGE NEXT PAGE 14:16 e to search a a 40) ENG 15-04-2021 prt sc end Dg up delete home %24 96 & num + backspace 8 9. lock V. P 8 A T home 5 c enter D J K pause N M T shift 11 C end alt ctrl
Saved Assume a company makes only three products, A, B, and C. Product A-Product B 700 Product C Estimated customer demand in units 800 Selling price per unit Variable cost per unit Machine-hours per unit 54.80 $ 65 $445 S 35. $ 26 $ 20 1.25 2.5 3.0 The company has only 1,900 machine-hours ovailable. What is the highest total contribution morgin that the company con eorn if it makes optimal use of its constrained resource? Multiple Cholcel $38.200 $39.200 $36.200 $37200
Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost per unit Variable selling cost per unit Fixed selling cost per unit Expected production and sales By how many units can Granville Company Limited's sales decline, before a loss is incurred? A. 300 units B. 308 units C. 316 units D. 320 units $250 $75 $90 $45 $20 2 000 units 175

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Dollars $20,000 $15,000 $10,000 $5,000 $0 1. Break-even point 2. Total sales line 3. Loss area 4. Profit area 5. Total costs line (b) 200 400 (C) (a) (e) 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 Units produced and sold