Blossom Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP incomestatements for a recent quarter's activity are presented below.SalesVariable costsContribution marginFixed costsNet incomeTablet Division$671,000496,540$174,460MP3 Player Division$429,000253,110$175,890Total$1,100,000749,650350,350128,037$222,313 Calculate the company's break-even point in sales dollars. (Do not round intermediate calculations; round final answer to 0 decimalplaces, e.g. 1,526.)Break-even point $

Answer : Break even point in $ : Break even point in $ = Fixed cost / Contribution margin ratio…

Answered: e costs bution margin 496,540 $174,460…

Business

Accounting

e costs bution margin 496,540 $174,460 253,110 $175,890 749,650 350,350

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Determine fixed costs using the high-low method from the following data: Total Costs…

A: Mixed-cost problems are solved using the High -Low-cost method. Variable and fixed costs are…

Q: es are 1 600 culate contri ate

A: Given: Sales=16,00,000∈ variable costs=11,30,000∈

Q: Specik Inc. is considering Revenues Variable costs the following alternatives: Alternative 1…

A: Variable costs are those which keep on changing with the change in the activity or production level.…

Q: /v ratio, variable cost and, profit Sales 80000 Fixed expenses 15000 Break even point 50000

A: P/v ratio is the ratio which inducates the chnage in profit due to chnage in sales volume. Therefore…

Q: Contribution margin $ 26, 100 $ 10, 600 $ 25, 400 Fixed costs allocated to each product line 10, 980…

A: Please see the explanation for the answer If you have any questions, just comment down. Thank…

Q: Units sold Units produced Fixed production costs Variable production costs per unit Selling price…

A: Income statement is a financial statement that shows profitability, total revenue and total expenses…

Q: Annual sales volume Unit selling price Variable expense per unit Contribution margin per unit Velcro…

A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Table 13-1 Price Total Revenue Quantity (dollars) (dollars) 12 345 $7.50 $7.50 7.00 14.00 6.50 19.50…

A: To determine the portions of the marginal revenue of the 5th unit due to the output effect and the…

Q: Expected unit selling price is: $125 Expected unit variable cost is: $70 Expected total fixed…

A: Important formula's to be used while doing calculations: Break-even point in units = Fixed cost /…

Q: Cost A Cost B Cost C Total Costs Cost B is a A. Fixed B. variable C. Mixed D. sunk 60,000 units…

A: Expenses that change according to the volume of products or services a company generates are known…

Q: 1 of Year 3: 17,000 48.00 pany has determined the following cost pa 29.00 per unit 9.50% per doll…

A: The budgeted income statement determines the budgeted net income of the business by subtracting the…

Q: Budgeted expenses of Total costs of $123,500 Variable costs of $100,500 and Fixed costs of $23,000…

A: Sales = Variable cost / Variable cost % = $100,500 / 67% = $150,000

Q: On January 1, 2016, AVIDA was contracted to construct a townhouse for SM Corp. for a total contract…

A: Using percentage method, the gross profit is recognized on the basis of percentage of costs incurred…

Q: Question Content Area If fixed costs are $284,000, the unit selling price is $35, and the unit…

A: The objective of this question is to calculate the break-even sales in units after the fixed costs…

Q: Compute the company's margin of safety in both dollars and percentage terms? Per unit…

A: Margin of safety sales = Total sales - Break even sales Margin of safety in percentage = Margin of…

Q: Which of the following costs are variable? Cost 10,000 Units 30,000 Units $100,000…

A: VARIABLE COST IS THE COST THAT VARIES WITH THE LEVEL OF OUTPUT .

Q: Based on variable costing, the income before income taxes for the year was * Q Format: 111,111 NUBD…

A: Unit cost under variable costing = Direct material + direct labor + Variable manufacturing overhead…

Q: If c/s =25% , prime cost $140, fixed cost $4600 ,contribution 80 and absorption cost is 40. What is…

A: The question is related to Cost Management. The Contribution Margin Ratio is calculated with the…

Q: X Company manufactures a single product. Monthly production costs incurred in the manufacturing…

A: Solution... (1). Total variable cost at 24,000 units Direct labor + Direct material + Factory…

Q: 1. 2. 3. $ Unit Selling Price $410 $520 $ (e) $ Unit Variable Costs $328 (c) (f) $ Unit Contribution…

A: Contribution margin is defined as what revenue is left with the firm after deduction of its variable…

Q: on Kargin Income Statement ,000 units) Dets aterials abor on margin . erhead meral and…

A: To determine whether the special order must be accepted or not, the relevant cost and relevant…

Q: The budget of the two companies yields the following informatic Sales revenue, $ Variable costs, $…

A: The contribution margin is calculated as difference between sales and variable costs. The net income…

Q: If fixed costs are $1,200,000, the unit selling price is $240, and the unit variable costs are $110,…

Q: Units Fixed Cost Variable Cost Total Cost Profit 250,000.00 250,000.00 100.00 250,000.00 200,000.00…

A: Management accounting: The act of distinguishing, investigating, , measuring, interpreting, and…

Q: Determine the missing amounts. 1. 2. 3. LA $ Unit Selling Price $600 $250 (e) $ LA LA Unit Variable…

A: Unit contribution margin :— It is the difference between unit selling price and unit variable cost.…

Q: Variable Costs $135,000 ??? Fixed Costs $25,000 ??? Mixed Costs $16,000 ??? Total Costs $176,000…

A: The total fixed costs remains constant for each level of production but total variable costs changes…

Q: Total Contribution Margin Break-Even Sales Revenue Sales Revenue Variable Expenses Fixed Expenses…

A: Formula: Total contribution margin = Sales revenue - variable expenses

Q: At a break-even point of 450 units, variable costs were $675 and fixed costs were $405. What will…

A: Contribution per unit is the amount of per unit earnings after deducting variable cost from sale. It…

Q: Requirement: Looking at the table, he is very dissatisfied with your performance. Should he fire you…

A: Overheads are the indirect costs incurred in the manufacturing of a product. Overheads are added to…

Q: Units Sold Sales Variable Expenses Fixed Expenses Net Income (LOSS) Contribution Margin Per Unit…

A: Cost volume profit analysis is the technique used by management for decision making. The methods…

Q: 31) Beta has three products, A, B, and C. The following information is available: C $24,000 9,000…

A: The term "operating income" refers to the money that remains after all operational expenditures and…

Q: Service Department A Service Department B Producing Department C Producing Department D Proportion…

A: Lets understand the basics.Cost allocation methods are as follows:-(1) Direct method(2) Step down…

Q: Hold all decimals in interim calculations. Round all final answers to the nearest whole number.)…

A: Operating income is an entity's net income before any financial activity or taxes are deducted. The…

Q: Given , the crossover point between the following locations is 25.000 Al- Riyadh Jidda Fixed Cost…

A: Cross over point is the point where the cost of both locations will match to each other. It is…

Q: None

A: The high-low method is a technique used in cost accounting to estimate the variable and fixed costs…

Q: OE 14-1 Absorption Costing Approach to Cost P Picing LO13- mated investment required by the company…

A: Introduction Absorption costing approach to cost-plus pricing adds profit margin to total cost of…

Q: A university currently has a recycling program for paper waste. The fixed cost of running this…

A: a. Total Cost=Fixed cost+variable cost = 15,000+(20*900) = 33,000If the work is outsourced then the…

Q: 13. Selling price per unit ₱25 Number of units sold 15,000 Contribution margin…

A: Selling price = P25 Number of units = P15000 Contribution margin = 30% Net income = P50,000

Q: Actual output is 162,500 units Actual fixed costs £87,000 Actual expenditure £300,000 Over budget…

A: We have the following information: Actual output: 162,500 units Actual fixed costs: £87,000 Actual…

Q: 50-By assuming fixed cost OMR 10,000, breakeven point OMR 22,000, variable cost per unit OMR 100 and…

A: Formula: Contribution = Sales price - variable cost. P/V ratio = Contribution x ( 100 / sales )

Q: Raw material = Rp. 150.000 Labor cost = Rp. 60.000 Overhead variable cost = Rp 90.000 Fixed S&A cost…

A: In variable costing, all the expenses which are variable in nature are considered as product cost.

Q: Fixed expenses of the business 345,000 Unit selling price for a single item sold is 360 Variable…

A: SAfety Marging = [Production Level - Breakeven Point]/Production Level

Q: The sales and cost data for two companies in the transportation industry are as follows: X…

A: CVP analysis is used to identify the changes in costs and volume affect a company's operating…

Q: Company XYZ made total sales revenue of $500,000. The variable manufacturing costs were $135,000…

A: Contribution Margin = Sales Revenue - Variable Expenses It is used to measure whether entity can…

Question

Blossom Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income
statements for a recent quarter's activity are presented below.
Sales
Variable costs
Contribution margin
Fixed costs
Net income
Tablet Division
$671,000
496,540
$174,460
MP3 Player Division
$429,000
253,110
$175,890
Total
$1,100,000
749,650
350,350
128,037
$222,313

Calculate the company's break-even point in sales dollars. (Do not round intermediate calculations; round final answer to 0 decimal
places, e.g. 1,526.)
Break-even point $

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 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Revenue (8,100 units) $16,200 Variable costs 4,050 Contribution margin $12,150 Fixed costs 4,050 Net income $ 8,100 If actual production totals 8,500 units, the flexible budget would show total costs of: Multiple Choice $8,300. None of these answers are correct. $8,400. $16,600.
Sales 60,000 ACquestion Variable Overheads. 36,0000 Contribution 1,15,000 Fixed Overheads Profit 86400 Find out Profit-Volume Ratio and Break-even-point... ( Handwriting solution not required...)
4) Assume sales and demand are 1,000 units, how much will the company make on the sale of the next two units if demand expands to 1,002 units. Discuss which amounts on the income statement will change if the company makes and sells two more units. Please discuss your calculations and reference to Figure 1.
Identify the semi-variable costs: 10,000 units 18,000 units Materials $15,000 $27,000Labour $13,000 $19,400Rent $11,500 $11,500Selling overheads $30,000 $46,000 Question 2 options: 1) materials and labour 2) labour and rent 3) rent and selling overheads 4) labour and selling overheads
If variable manufacturing cost £5 per unit Fixed costs £10,000 avoidable Fixed costs £20,000 committed Budgeted production 5,000 units The maximum buy in price is equal to: A £5 B £6 C £7 D £8
Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 52,000 to 92,000 units is given below: Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 82,000 units during the year at a selling price of $9.56 per unit. Prepåre a contribution format income statement for the year.
Detail solution
Sales revenue (1000 units) $20,000 Fixed costs $29,000 Contribution margin ration 60%, what is the variable cost per unit?
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 %
8-13 The following three mutually exclusive alternatives have no salvage value after 5 years. Construct a choice table for interest rates from 0% to 100%.
Production data for 1 sinatra Materials 2.4 kg and £3 per kg Direct labour 1.5 hours at £5 per hour Variable overhead rate £4 per direct labour hour Fixed overhead absorption rate £7 per direct labour hour Budgeted production 5,000 sinatras The marginal cost of a sinatra is A £7.50 B £14.70 C £20.70 D £31.20
Determine the missing amounts. elling te $640 $300 1300 (e) LA MA $ Unit Variable Costs $352 207 (c) 975 (f) Unit Contribution Margin 288 $93 $325 (a) Contribution Margin Ratio 1 % (b) % (d) 25 %