Healthy Foods Inc. sells 50-pound bags of grapes to the military for $10 a bag. The fixed costs of this operation are $102,000, while the variable costs of grapes are $0.10 per pound. What is the break-even point in bags?
Q: Can u help me
A: Explanation of Variable Lease Payments: Variable lease payments are amounts that vary based on…
Q: Please give me answer general accounting
A: Step 1: Define Sales ReturnSales return refers to the value of goods that has been returned from the…
Q: Please give me answer general financce
A: Step 1:Percent Step 2: Step 3: Step 4:
Q: Provide correct answer the accounting question
A: Step 1: Define Fixed AssetsLong-term assets which are purchased and used in the manufacture of goods…
Q: Please help, give me a detailed answer to this.
A: Truck #1 AcquisitionTruck #1 is bought at a list price of $16,950 but paid in cash at a negotiated…
Q: GOODWILL IS____?
A: Explanation of Goodwill:Goodwill is an intangible asset that represents the excess of the purchase…
Q: Prblm
A: Explanation of Target Costing: Target costing is a strategic management tool used to determine the…
Q: Answer this Accounting question
A: Definitions Related to the QuestionAccounting Standards:Accounting standards are rules and…
Q: Can you answer this accounting question?
A: Step 1: Define Reconciled Balance for CashA company's reconciled balance for cash is the amount…
Q: What%
A: Explanation of Profit Margin:Profit margin is a measure of a company's profitability and is…
Q: Please help, give me a detailed answer to this.
A:
Q: CORIS RA is a government owned enterprise which is legislated to generate its own incomewhich it…
A: Payments Amount($)Salaries (Central Government Salaries and Salary 1 & 2) (13,720,700)…
Q: Correct answer
A: Explanation of Variable Costs:Variable costs are expenses that change directly in proportion to the…
Q: Please give me answer general accounting
A: Step 1: Define InventoryIn a product-driven business enterprise, inventory management is critical…
Q: Provide Correct Amount
A: Step 1: Definition of DepreciationDepreciation is the systematic allocation of the cost of a…
Q: The four people below have the following investments. Invested Amount Interest Rate Compounding…
A: The future value (FV) of an investment is calculated using the formula:FV = PV * (1 + r/n)ntWhere:PV…
Q: Please give me answer accounting.......
A: Step 1: Define Bad Debt ExpensesThe accounting states that a bad debt expense is recorded when a…
Q: What is the price of the stock on these accounting question?
A: PriceofStock=EarningsPerShare(EPS)×Price−to−Earnings(P/E)RatioGiven:EPS = $3.39P/E Ratio =…
Q: Financial accounting: find the EBIT
A: Explanation of EBIT (Earnings Before Interest and Tax): EBIT is a measure of company's operating…
Q: General accounting. What was the amount of overapplied or underpplied overhead?
A: Overapplied/Underapplied Overhead = Applied Overhead − Actual Overhead= $306,000 − $300,000 = $6,000…
Q: Do fast and step by step calculation with explanation for this accounting question Don't use Ai
A: Step 1: Define GoodwillGoodwill can be defined as the intangible assets which are reported on the…
Q: Please provide step by step guidiance with workings
A: (a) Newsboy ProblemThe goal is to determine if ordering 100 newspapers is the best quantity for…
Q: I need answer of this question
A: Step 1: Define Sales and ExpensesSales and expenses are interlinked; if a firm has to earn revenue…
Q: Arcadia, Incorporated, acquired 100 percent of the voting shares of Bruno Company on January 1,…
A: Part (a): Journal Entry to Record the Acquisition on January 1, 2023To record the acquisition, we…
Q: Gr
A: Step 1: Find the gross profit.= sales - cost of goods sold= 255,000 - 105,000= 150,000 Step 2:…
Q: LO2 E8-7 Computing Labor Variances Similar to Recall and Review 1 LIFT Inc. manufactures garage…
A: Hello student! To answer the following requirements, it is always a good practice to organize the…
Q: “Raw milk for dairy processing” can be classified as Select one: a. scrap b.main product…
A: Raw milk intended for dairy processing is the primary input used to create various dairy products,…
Q: 1. Should Caricarn accept this special order? Explain and provide work where possible 2. As in 1,…
A: Question 1: Should Caricarn Accept the Special Order?To determine if Caricarn should accept the…
Q: How much does the item cost before tax on these financial accounting question?
A: Step 1: Define Tax SavingsThe amount by which tax liability for an individual or entity is reduced…
Q: What is answer to this Question
A: Explanation of Capitalized Cost: Capitalized cost represents all costs incurred to bring an asset to…
Q: Business 123 Introduction to Investments May I please have the solutions for the following…
A: (Image 1)Question 1 Explanation:The price of a zero-coupon bond is determined by discounting its…
Q: I need answer of this question general accounting
A: Step 1: Define OverheadsThe percentage of total overheads to manufacturing costs will differ…
Q: What is COGS
A: Explanation of Cost of Goods Manufactured (COGM): Cost of goods manufactured represents the total…
Q: Indicate whether the current ratio, inventory turnover ratio, and debt to total assets ratio would…
A: We need to determine whether the current ratio, inventory turnover ratio, and debt to total assets…
Q: Lopez Company is considering replacing one of its old manufacturing machines. The old machine has a…
A: The total cost of keeping the old machine for the next five years is the sum of its variable…
Q: Please give me answer accounting....
A: Step 1: Define Equivalent Units of ProductionIn cost accounting, the equivalent units of production…
Q: Follow the instructions
A: Days Inventory Outstanding = (Average Inventory/Cost of goods sold)*365Days Inventory Outstanding =…
Q: General Accounting Question no 78
A: Step 1:- Define Return on AssetIn the return on asset financial ratio, the income of a company is…
Q: Boulder, Incorporated, obtained 90 percent of Rock Corporation on January 1, 2019. Annual…
A: To calculate the consolidated net income and its distribution between the controlling and…
Q: Need answer the accounting question not use ai
A: Step 1: Define Overhead RateThe conventional method of allocating overhead to product is by…
Q: What is the debt to equity ratio for Drogon on these accounting question?
A: Step 1:Debt to equity ratio is Formula Total liabilities/ shareholders equity Total liabilities…
Q: Please provide answer this general accounting question not use ai
A: Step 1: Define Direct Labor VariancesDirect labor refers to the wages paid for the labor hours…
Q: Want help, provide answer for this Accounting Assignment
A: Emotionally intelligent and teamwork-oriented behavior will be vital for success as the new Customer…
Q: DL variances; journal entries Calista & Lane, CPAs, set the following standard for its inventory…
A: a. Compute the total actual payroll.Given:The firm actually worked 330 hours.The average hourly rate…
Q: General Accounting Question of the Higher fill Answer
A: Approach to solving the question: Data: Actual Quantity = 29,000Standard Quantity= 32,000 ->…
Q: What is Acme's net income for the year on these financial accounting question?
A: Step 1: Define Financial RatiosIn management accounting, financial ratios are quantitative measures…
Q: Calculate the receivable turnover ratio for the year on these accounting question
A: Step 1: Define Accounts Receivable TurnoverAccounts receivable is a critical component of a…
Q: Need help with this accounting question answer do fast
A: Step 1: Define Material Price VarianceThe material price variance is a result of the deviation…
Q: Please provide this question solution general accounting
A: Step 1: Define Price earnings ratioThe price-to-earnings ratio measures a company's value by…
Q: General accounting
A: Explanation of Break-even Analysis: Break-even analysis is a financial calculation that determines…
I need answer of this question general accounting
Step by step
Solved in 2 steps
- Healthy Foods Inc. sells 50-pound bags of grapes to the military for $10 a bag. The fixed costs of this operation are $92,000, while the variable costs of grapes are $0.10 per pound. a. What is the break-even point in bags? (Round your answer to 2 decimal places.) Break-even point bags b. Calculate the profit or loss (EBIT) on 16,000 bags and on 34,000 bags. Bags Profit/Loss Amount 16,000 34,000 c. What is the degree of operating leverage at 26,000 bags and at 34,000 bags? (Round your answers to 2 decimal places.) Bags Degree of Operating Leverage 26,000 34,000 d. If Healthy Foods has an annual interest expense of $10,000, calculate the degree of financial leverage at both 26,000 and 34,000 bags. (Round your answers to 2 decimal places.) Bags Degree of Financial Leverage 26,000 34,000 e. What is the degree of combined leverage at both 26,000 and 34,000 bags? (Round your answers to 2 decimal places.) Bags Degree of…Healthy Foods Incorporated sells 60-pound bags of grapes to the military for $15 a bag. The fixed costs of this operation are $90,000, while the variable costs of grapes are $0.15 per pound. a. What is the break-even point in bags? Note: Round your answer to 2 decimal places. Break-even point b. Calculate the profit or loss (EBIT) on 11,000 bags and on 32,000 bags. Bags 11,000 32,000 Bags 19,000 32,000 c. What is the degree of operating erage at 19,000 bags and at 32,000 bags? Note: Round your answers to 2 decimal places. Bags 19,000 32,000 Profit/Loss d. If Healthy Foods has an annual interest expense of $14,000, calculate the degree of financial leverage at both 19,000 and 32,000 bags. Note: Round your answers to 2 decimal places. Bags Degree of Operating Leverage 19,000 32.000 15,000.00 bags Degree of Financial Leverage Amount e. What is the degree of combined leverage at both 19,000 and 32,000 bags? Note: Round your answers to 2 decimal places. Degree of Combined LeverageHealthy Foods Incorporated sells 50-pound bags of grapes to the military for $10 a bag. The fixed costs of this operation are $80,000. while the variable costs of grapes are $0.10 per pound. a. What is the break-even point in bags? Note: Round your answer to 2 decimal places. Break-even point b. Calculate the profit or loss (EBIT) on 13,000 bags and on 35,000 bags. Bags 13,000 35,000 Bags 21,000 35,000 c. What is the degree of operating leverage at 21,000 bags and at 35,000 bags? Note: Round your answers to 2 decimal places. Profit/Loss Bags 21,000 35,000 bags Degree of Operating Leverage d. If Healthy Foods has an annual interest expense of $6,000, calculate the degree of financial leverage at both 21,000 and 35.000 bags. Note: Round your answers to 2 decimal places. Amount Degree of Financial Leverage
- United Snack Company sells 40-pound bags of peanuts to university dormitories for $48 a bag. The fixed costs of this operation are $509,600, while the variable costs of peanuts are $0.29 per pound. a. What is the break-even point in bags? Break-even point bagsCarondelet Coffee has begun making and selling pastries. The fixed costs of making the pastry are $4,000, and the company estimates that the variable costs are $.75 per pastry. How many pastries does Carondelet have to sell to earn net income of $5,000 if it sells each pastry for $3 apiece?College Pizza delivers pizzas to the dormitories and apartments near a major state university. The company’s annual fixed expenses are $40,000. The sales price of a pizza is $10, and it costs the company $5 to make and deliver each pizza. (In the following requirements, ignore income taxes.)Required:1. Using the contribution-margin approach, compute the company’s break-even point in units (pizzas).2. What is the contribution-margin ratio?3. Compute the break-even sales revenue. Use the contribution-margin ratio in your calculation.4. How many pizzas must the company sell to earn a target profit of $65,000? Use the equation method.
- Need help with this accounting question don't use aiCrane, Inc., sells two types of water pitchers, plastic and glass. Plastic pitchers cost the company $30 and are sold for $40. Glass pitchers cost $26 and are sold for $47. All other costs are fixed at $280,800 per year. Current sales plans call for 14,000 plastic pitchers and 28,000 glass pitchers to be sold in the coming year. How many pitchers of each type must be sold to break even in the coming year? (Use contribution margin per unit to calculate breakeven units.)Yaad Peanut is a company in Jamaica. They produce peanut butter. Each jar sells for $800. thecompany incurs a variable cost of $100 per jar of peanut butter and fixed cost of $2,000,000 perannum. In this period, they are able to produce 200,000 jars. Write a formula for the total revenue and the total cost incurred by Yaad Peanut Determine when Yaad Peanut can break even
- The Chimes Clock Company sells a particular clock for $40. The variable costs are $23 per clock and the breakeven point is 230 clocks. The company expects to sell 280 clocks this year. If the company actually sells 430 clocks, what effect would the sale of additional 150 clocks have on operating income? Explain your answer. The sale of an additional 150 clocks would operating income by the amount of The total effect would amount toWildhorse Cash, Ltd. operates a chain of exclusive ski hat boutiques in the western United States. The stores purchase several hat styles from a single distributor at $13 each. All other costs incurred by the company are fixed. Wildhorse Cash, Ltd. sells the hats for $49 each. (a) If fixed costs total $630,000 per year, what is the breakeven point in units? In sales dollars? (Use your answer of breakeven units to calculate the breakeven point in dollars.) The breakeven point hats The breakeven sales $A leading beverage company sells its signature soft drink brand in vending machines for $0.89 per12 oz. can. A vending machine has monthly costs of space rental, energy consumption, and capitaldepreciation of $155. A shortage in the world sugar market causes sugar prices to soar. As a result,the Variable Cost of a can of soda increases from $.32 to $0.47. What would the new selling price of the soda need to be in order to achieve a 20% increase in thecontribution per unit after the increase in the price of sugar? $0.97 $1.40 $1.13 $0.90