guests.Select the graph that depicting fixed costs, variable costs, and total costs for each event versus the number of guests.(Enlarge each graph before selecting your answer.)A.$55,000+$50,000-$45,000$40,000X$20,000-$15,000$10,000-$5,000$00Total costsVariable cosFixed costs100 200 300Number of attendeesB.$55,000+$50,000$45,000-$40,000$35,000O $25,000$20,000-$15,000$10,000$5,000-$0+0→For 130 attendees, the total cost will beTotal costsFiked costsvariable cos100 200 300Number of attendees8$55,000+$50,000$45,000-$40,000$35.000$30,000$25,000$20,000-9$15,000$10,000$5,000$0-Total setsEiked costsVariable cos100 200 3000Number of attendeesD.and the cost per attendee will be$55,000+$50,000$45,000-2283000$25.000$20.000$15.000-$10,000-$5,000$0Requirement 2. Suppose 130 persons attend the next event. What is Apprentice Training's total net cost and the costper attendee? (Round your answers to the nearest cent.)TotabootsVariableFixed costs0 100 200 300Number of attendees

The total cost concept in business refers to the sum of all the costs incurred in producing and…

Answered: (Enlarge each graph before selecting…

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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H. Total Sales $300,000 $210.000 $340,000 $850,000 Costs: Variable costs $180,000 $180,000 $220,000 $590,000 Fixed costs 50.000 50,000 40,000 140,000 Total costs $230.000 $230.000 $260,000 $730,000 Income (loss) $ 70.000 $(20,000) $ 80,000 $120,000 Management is considering the discontinuance of the manufacture and sale of Product G at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products Fand H. What is the amount of change in net income for the current year that will result from the discontinuance of Product G? O $30.000 increase $20.000 increase O$20.000 decrcase 530.000 dccrcase
Determine the missing amounts. 1. 2. 3. $ Unit Selling Price $600 $250 (e) $ $ Unit Variable Costs $300 (c) (f) $ Unit Contribution Margin $70 $750 (a) C₁ M
30,000 units 45,000 units Variable Costs $135,000 ??? Fixed Costs $25,000 ??? Mixed Costs $16,000 ??? Total Costs $176,000 $246,500 Total fixed costs at 45,000 units would be Question 32 options: $25,000. $176,000. $135,000. unknown.
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[The following information applies to the questions displayed below.] Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the department's cost records, Professor Morton has found the following total cost associated with Finance 101 over the last five terms: Term Fall, last year Winter, last year Summer, last year Fall, this year Winter, this year Number of Sections Total Offered Cost 5 $ 6,500 $ 7,000 $ 5,000 3 2 7 4 $13,500 $13,000 Professor Morton knows that there are some variable costs, such as amounts paid to graduate assistants, associated with the course. He would like to have the variable and fixed costs separated for planning purposes. 3-a. Assume that because of the small number of sections offered during the Winter Term this year, Professor Morton will have to offer nine sections of Finance 101 during the Fall Term. Compute the expected total cost for Finance 101. 3-b. Can you see any problem with using…
Given , the crossover point between the following locations is 25.000 Al- Riyadh Jidda Fixed Cost $400 000 Variable cost $ 5 $ 7 What is the fixed cost for Jeddah ? Not recognized 450000 $ 350000 $ 400000 $ 500000 $
e 1:19 I %AV h.E O pm.pdf > A) Tee Times, Inc., produces and sells the finest quality golf clubs in all of Clay County. The company expects the following revenues and costs in 2003 for its Elite Quality golf club sets: Revenues (400 sets sold @ $600 per set) $240,000 Variable costs 160,000 Fixed costs 50,000 1. How many sets of clubs must be sold for Tee Times, Inc., to reach their breakeven point? a. 400 b. 250 с. 200 d. 150 2. How many sets of clubs must be sold to earn a target operating income of $90,000? a. 700 b. 500 c. 400 d. 300 3. What amount of sales must Tee Times, Inc., have to earn a target net income of $63,000 if they have a tax rate of 30%? a. $489,000 b. $429,000 c. $420,000 d. $300,000 B) The Beta Mu Omega Chi (BMOC) fraternity is looking to contract with a local band to perform at its annual mixer. If BMOC expects to sell 250 tickets to the mixer at $10 each, which of the following arrangements with the band will be in the best interest of the fraternity? a. $2500…
4. A regional super market chain is deciding whether to install a machine in each of its stores. Each machine costs $250,000. Projected income per machine is as follows: Figs are all in $ Year 1 2 3 4 5Sales 250,000 300,000 300,000 250,000 250,000Operating Expenses 200,000 200,000 200,000 200,000 200,000Depreciation 50,000 50,000 50,000 50,000 50,000Accounting Income 0 50,000 50,000 0 0 a) Why would the store continue to operate a machine in Year 4 and 5 if it produces no profits?b) What are the cash flows for investing in a machine? Assume each machine is completely depreciated and has no salvage value at the end of its 5 years life.
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What would operating income be with both of the following changes: 10% increase in activity volume (i.e., sales); and $5,000 increase in fixed expenses (for advertising)Please show your work in an Excel format. Thanks so much! Total Sales: $550,000 Less: Variable Expenses Variable CGS Starting Materials 10,000 Materials Purchased 165,000 Ending Materials 31,000 Materials Used 144,000 Production Labor 202,000 Electricity--production 35,000 Variable admin expenses Electricity--office 10,000 Contribution Margin 159,000 Less: Fixed Expenses Factory Supervision 40,000 Fixed admin expenses Rent 25,000 Office Labor 25,000 Total 50,000 Operating Income 69,000
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