If the mass-produced guitar sells 100,000 units annually at $175 per guitar, what is the total revenue? Multiple Choice O O $1,750,000 $175,000 $6,175,000 $17,500,000
Q: M and M, Inc. produces a product that has a variable cost of $4.50 per unit. The company's fixed…
A: Variable costs are business expenses that change depending on how much a company provides or sells.
Q: When Greenway, Incorporated sells 48,000 units, its total fixed cost is $115,200. What is its total…
A: The objective of the question is to determine the total fixed cost when Greenway, Incorporated sells…
Q: Company XYZ produces and sells headphones. The company has total fixed costs of $112,000. Each…
A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…
Q: Gena Manufacturing Company has a fixed cost of $239,000 for the production of tubes. Estimated sales…
A: Contribution margin is the amount of difference between the sales amount and the variable costs. It…
Q: 6) Finance XYZ is a retailer and sells 179,000 units per year. It purchases from a single supplier.…
A: Economic order quantity: An instrument called an EOQ is used to calculate the quantity and…
Q: Umbridge Purses Unlimited sells purses with a sales price of $25.00 each. Each purse costs the…
A: Break even point :— It is the point of production where total cost is equal to total revenue. At…
Q: Jarvis Company produces a product that has a selling price of $20.00 and a variable cost of $15.00…
A: Contribution margin per unit = sales price - variable cost = $20 - $15 = $5 per unit Contribution…
Q: Sunland Company manufactures and sells solar chargers for $50 each. Variable costs are $40 per unit,…
A: Break Even Sales is point at which no profit no loss is occurred. Formula: BEP (in amount) = Fixed…
Q: Acme Inc. sells Product Yellow for $23/unit. Variable costs for Product Yellow are $13/unit; fixed…
A: TARGET SALESTarget Sales are the Estimated Sales required to achieve the target net income. Target…
Q: Mama's Company sells a product at $50 per unit that has unit variable costs of $20. The company's…
A: Cost-volume-profit (CVP) analysis helps a company in making a decision related to the units to be…
Q: Saved 8 Sugar Corp has a seling price of $26, variable costs of $16 per unit, and fixed costs of…
A: Unit contribution margin = Selling price per unit - Variable cost per unit = $26 - $16 = $10 per…
Q: Planet of the Grapes, Inc. makes a single product that it sells for $40 each. Variable costs are $15…
A: In order to calculate desired sales for a required level of profit: Desired sales = (Fixed cost +…
Q: Vaughn Manufacturing wants to produce and sell a new lightweight radio. Desired profit per unit is…
A: The question is based on the concept of Cost Accounting.Selling price is the combination of the…
Q: Current Attempt in Progress Palms, Inc. wants to sell enough palm trees to earn a profit of $20,000.…
A: Compute contribution margin per unit as shown below:
Q: Company XYZ currently produces and sells 40,000 units. At this level, the total contribution margin…
A: Hi student Since there are multiple question, we will answer only first question.
Q: Cunningham, Inc. sells MP3 players for $60 each. Variable costs are $40 per unit, and fixed costs…
A: Given that, Selling price per MP3 Player = $60 Variable cost per MP3 Player = $40 Fixed cost =…
Q: A manufacturer of plastic traffic cones sells the cones at a wholesale cost of £8 pounds per cone.…
A: Annual profit = Contribution margin - Annual overhead costs where, Contribution margin = (Sales per…
Q: M and M, Inc. produces a product that has a variable cost of $2.20 per unit. The company's fixed…
A: Contribution margin per unit = sales - variable costs = $5 - 2.2 = $2.80 per unit Contribution…
Q: new profit b
A: Contribution margin: The contribution per unit refers to the amount left after subtracting the…
Q: Meriot, Inc. has fixed costs of $200,000, sales price of $50, and variable cost of $30 per unit. How…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Pimpton Plows sells its product for $50. Its variable cost per unit is $19.00. Fixed costs total…
A: Calculate the break even point as follows: Break even units = Fixed cost / (Selling price - variable…
Q: Assume that Phoenix decides to accept the special order at a unit sales price that will add $400,000…
A: Assuming variable cost as $15; and offered cards as 10,000. Special order: The order received from…
Q: Orchid Corp. has a selling price of $15, variable costs of $10 per unit, and fixed costs of $25,000.…
A: Contribution margin is difference of Sales and variable costs Contribution Margin = Sales Revenue…
Q: Fountain Corporation has a selling price of $10 per unit and variable costs of $5.30 per unit. When…
A: Margin of safety is the amount which is determined by deducting the breakeven sales from the sales…
Q: Sunland Company sells MP3 players for $ 50 each. Variable costs are $ 40 per unit, and fixed costs…
A: Break-even sales are used to calculate the units to be sold to recover its cost of sales.It can be…
Q: Waple Corp. has a selling price of $30, varlable costs of $20 per unit, and fixed costs of $20,000.…
A: Solution: Unit contribution margin = Selling price per unit - Variable cost per unit
Q: You’ve Got This (YGT) desires to reach a target profit of $850,000 in the upcoming year. Their cost…
A: TARGET SALES Target Sales is the Expected Sales Required to Reach the Target Profit of the…
Q: Variable costs for Sheridan Company are 20% of sales. Its selling price is $125 per unit. If…
A: At Break-even point, the Contribution margin of the company is equal to its fixed cost and net…
Q: North East printing produces posters of popular music groups for sale at concerts and festivals. The…
A: Given data:Fixed expenses: $319500Selling price: $9.50Monthly income: $213,000
Q: Coronado Industries produces hair brushes. The selling price is $15 per unit and the variable costs…
A: Break even point :— It is the point of production where total cost is equal to total revenue. At…
Q: Bonita Industries sells MP3 players for $80 each. Variable costs are $50 per unit, and fixed costs…
A:
Q: The Doll House, a very profitable company, plans to introduce a new type of doll to its product…
A: The income tax benefit is a ledger that shows when a company incurred a loss during the period.…
Q: Harris Company produces a product whose cost is $25. Assuming the company uses a cost-plus pricing…
A: Selling price :— It is calculated by adding the total cost and required profit margin. Selling…
Q: What a Racquet, Inc. sells unique, customized tennis rackets. The results from the past year are…
A: The sales price is a combination of the total cost and markup value and the price charged to its…
Q: Gift Gallery sold 2000 Zooglars during 2022. The following information is provided regarding the…
A: Operating income is computed by subtracting the variable costs from the sales whereas the net income…
Q: Campbell Company has fixed costs of $200,000, sales price of $50, and variable cost of $30 per unit.…
A: To earn a target profit of $50,000, Campbell must earn a contribution margin of $250,000…
Q: What is the profit made by Ace? (profit = sales - cost)
A: Profit: Profit is the gain we generate from selling units which is a difference between the selling…
Q: Cunningham, Inc. sells MP3 players for $60 each. Variable costs are $40 per unit, and fixed costs…
A: Unit contribution margin = Sales price per unit - variable cost per unit = $60 per unit - $40 per…
Q: Bramble Corp. manufactures and sells solar chargers for $60 each. Variable costs are $30 per unit,…
A: CVP analysis is a technique used by the management to determine the impact on net operating income…
Q: If the net operating income is $10,000, the gross margin is $40,000, and the cost of goods sold is…
A: The cost of products sold is the sales cost that solely includes direct costs. It indicates that the…
Q: Current Attempt in Progress Vaughn Manufacturing sells two types of computer.hard drives. The sales…
A: Break even point :— It is the point of production where total cost is equal to total revenue. At…
Q: Saved Metet, Inc. has fed costs of $257,000, sales price of $54, and variable cost of $32 per unit…
A: Break even point means where there is no profit no loss. Variable cost means the cost which vary…
Q: Crazy Coconut LLC has two products: Jet Boats Ski Boats $8000 $24,000 $4800 $14,000 Sales price per…
A:
Q: Assume the following cost information for Johnson Company: Selling price…
A: Operating income is the money earned by the firm. Operating expenditures are examined, whereas…
Q: HH Aaron Company is planning to sell Product X for $80 per unit. Variable costs are $50 a unit and…
A: Break-even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…
Q: The following information is for Nichols Company: Selling price $120 per unit Variable costs $50 per…
A: The break even sales are the sales where business earns no profit no loss during the period.
Q: Nintendo, a leading manufacturer of video games is about to introduce four new games. The…
A: The contribution margin is calculated as difference between sales revenue and variable costs. The…
Step by step
Solved in 3 steps
- Stone Manufacturing sells a marble slab for $1.500 Fixed costs are 130,000, while the variable costs are $500 per wish. The company currently plans to sell 100 sise this month. What is the margin of safety assuming 75 slabs are actually sold? (Round a unit calculations up to the rarest whole nutter) A $30,000 B. $102,000 C. $64,500 D. $47,000 Only typing answer Please explain step by stepA wholesaler sells a guitar for $1,427.40. What is the percent markup based on cost if the wholesaler paid $780 for the guitar? % Need Help? Read It Watch It Master ItCameron Corporation sells two types of beach towels, Standard and Deluxe. Total sales Total variable expenses Standard Deluxe $ 450,000 $ 50,000 $ 360,000 $ 20,000 Total fixed expenses are $57,600. Given the current sales mix, what is the break-even point in dollar sales for Deluxe? O $36,000 O $24,000 O $30,000 O $27,000 O $33,000
- Zulu sells its waterproof phone case for $100 per unit. Fixed costs total $177,000, and variable costs are $38 per unit. Compute the units that must be sold to get a target income of $210,500. Units to be sold to achieve targeted income Numerator: Denominator: Units to Achieve Target Units to achieve target %3DAssume the following information: Amount Per Unit Sales $ 300,000 $ 40 Variable expenses 120,000 16 Contribution margin 180,000 $ 24 Fixed expenses 60,000 Net operating income $ 120,000 If the company decides to pay a sales commission of 2.5% for each unit sold above the break-even point, what net operating income will it earn if it sells 4,600 units? Multiple Choice $50,800 $45,800 $50,400 $48,300Assume the following information: Amount Per Unit Sales $ 600,000 $ 40 Contribution margin $ 360,000 $ 24 Net operating income $ 240,000 If the selling price per unit increases by 8% and unit sales drop by 6%, then the best of estimate of the new net operating income is: Multiple Choice $263,520. $243,520. $253,520. $233,520.
- 117. es Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: Selling price per watch Variable cost per watch Expected sales (watches) per year The total fixed costs per year for the company are $1,545,600. Basic Required A Required B $360 $ 280 48,000 Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units. c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for Woodland Wearables? Required C Flash Complete this question by entering your answers in the tabs below. $ 505 $265 16,000 What is the anticipated level of profits for the expected sales volumes? Anticipated profitQ4: Company XYZ has a choice of two machines to purchase. They both make the same product which sells for 20$. Machine A has FC of 8000$ and per unit cost of 6$. Machine B has FC of 20000$ and per .unit cost of 2$. Under what conditions would you select machine AHelp Awtis Corporation has a margin of safety percentage of 25% based on its actual sales. The break-even point is $390,000 and the variable expenses are 45% of sales. Given this information, the actual profit is: Multiple Choice $104.000 $71500 $19.500 S53.625 O Type here to search ASUS
- Sales = 7000 units with selling price of OMR 12 per unit, Break-even point = 4000 units, Fixed cost = OMR 15000. What is the amount of Profit? Select one: a. OMR 6000 b. OMR 9750 c. OMR 11250 d. OMR 7250Crazy Coconut LLC has two products: Jet Boats Ski Boats $8000 $22,000 $4800 $18,000 Sales price per unit Variable cost per unit Annual fixed costs are $280,000. What is the break even amount in units, assuming that Crazy Coconut sells five jet boats for every two ski boats sold? (Round any intermediate calculations to two decimal places, and your final answer to the nearest unit.) O 12 jet boats and 7 ski boats O 59 jet boats and 23 ski boats O 7 jet boats and 12 ski boats 23 jet boats and 59 ski boats4 Suppose the following table applies to the manufacture of wooden desks: Agent Purchase Price Sale Price Value Added Tax Paid (VAT=30%) Logger $0 $55 _________ _________ Manufacturer $55 $150 _________ _________ Retailer $150 $350 __________ _________ a. Complete the table assuming a value-added tax of 30% (subtraction method). What is the total tax revenue? b. How does this revenue compare to a sales tax of 30% levied only on the retailer? Which of the two tax collection methods is easier to avoid? Why?
