Hiren Tunes Vinyl Shop provided the following information: Average selling price per record $18 Average variable cost per record $12 Monthly fixed cost $12,000 What is Hiren Tunes Vinyl Shop's contribution margin per unit in dollars?
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- What must the sales be in dollars? In units?How do I solve this question?Kelly Company has the following data: Sales Price per unit $590 Variable Cost per unit $413 Total Fixed Costs $10,000 If the owner wants a $20,000 target profit, what would be the amount of sales reversr e tr answer to the nearest dollar.) O $42,857 O $66,667 O $100,000 O $28,571
- When prices are rising (inflation), which costing method would produce the highest value for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)Assume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your answers to the nearest cent. Item Canon scanner Selling price $ 72 Markup percent 30 % Dollar markup CostUse the accompanying Profit_Analysis spreadsheet model to answer the following questions. Assumptions: Fixed cost: $ 5,000.00 Material costs per item: $ 2.25 Labor costs per item: $ 6.50 Shipping costs per 100 items: $ 200.00 Price per item: $ 12.99 Quantity: 2000 Outputs: Total revenues: $ 25,980.00 Total costs: $ 26,500.00 Total profits: $ -520.00 1. Use the data table tool to show the impact of quantity ranging from 1,500 to 5,000 with 500 unit increments on the total revenues, total costs, and total profits. What are the revenues, costs, and profits for 3,500 units? 2. Use the data table tool to show the impact of labor costs ranging from $5.00 to $8.00 with $0.50 increments and price per item ranging from $10.99 to $15.99 with $1.00 increments on the total profits. What is the total profit if the labor costs are $6.50, and the price is $14.99? Note: Round your answers to 2 decimal places. 3.…
- Assume markup is based on cost. Find the dollar markup and selling price for the following problem. (Round your answers to the nearest cent.) Item Cost Markup percent Dollar markup Selling price Burberry men's watch $410 40% 24 24 es Prey 1 of 16 Next >Solve this problemSuppose consumers will purchase q units of a product at a price of 100/q+7 dollars per unit. What is the minimum number of units that must be sold in order that sales revenue be greater than $9000?