ease. XYZ company has a selling price of $30, and variable costs of $20 per unit. When 12,000 units are sold, profits equaled $60,000. How many units must be sold to break-even? Select one: a. 8,000 O b. None of the given answers O c. 2,000 O d. 6,000 Oe. 5,000 ility of a change in operation and has gathered the following

ease. XYZ company has a selling price of $30, and variable costs of $20 per unit. When 12,000 units are sold, profits equaled $60,000. How many units must be sold to break-even? Select one: a. 8,000 O b. None of the given answers O c. 2,000 O d. 6,000 Oe. 5,000 ility of a change in operation and has gathered the following

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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Assume the following data for Dodge Company for the coming year: Fixed expenses $280,000 Variable cost per unit Selling price per unit $7 $21 Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. For Unit calculations round your answers up to the nearest whole number. a) How many units must be sold to break even? Break even sales: units b) What would the net income be if 26,200 units were sold? Net income: $ c) How many units must be sold to make a net income of $33,000 assuming selling price per unit is increased by $1.00 Total units to be sold: units
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Sarafine, Inc. sells a single product for $25. Variable costs are $12 per unit and fixed costs total $130,000 at a volume level of 5,000 units. Assuming that fixed costs do not change, Sarafine's break-even sales would be: Mutiple Choice $210.000. $250.000. $350.000 $530.000 None of the answers is comect
A product sells for $30 per unit and has variable costs of $18.00 per unit. The fixed costs are $960,000. If the variable costs per unit were to decrease to $16.50 per unit, fixed costs increase to $1,080,000, and the selling price does not change, break-even point in units would: Multiple Choice O O Equal 6,000. Increase by 24,828. Not change. Increase by 4,000. Decrease by 24,828.
e. 5,000 XYZ company is studying the profitability of a change in operation and has gathered the following information. Current Operation: Fixed Costs: $38,000, Selling Price: $16, Variable Cost: $10, and Sales (Units): 9,000. Anticipated Operation: Fixed Costs: $48,000, Selling Price: $22, Variable Cost: $12, and Sales (Units): 6,000. Should XYZ company make the change? Select one: O a. No, because sales will drop by 3,000 units. Ob. It is impossible to judge because additional information is needed. Oc. No, because the company will be worse off by $4,000. O d. Yes, the company will be better off by $6,000. Oe. No, because the company will be worse off by $22000. Next page
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Maroon Company's contribution margin ratio is 24%. Total fixed costs are $84,000. What is Maroon's break-even point in sales dollars? Multiple Choice $20,160. $110,526. $350,000. $240,000. $84,000.
Can you only answer C and D please?
Thunder Corp. has a selling price of $30 per unit, variable costs of $23 per unit, and fixed costs of $35,000. How many units must be sold to break even? Multiple Choice 1,522 2,188 10,000 5,000