Please given correct answer general accounting If your estimate is that you are going to sell 5,000 units at 20dollars a piece and each item cost you 5 dollars, yourestimated cost of goods sold in dollars would be:A. 25,000B. 12,500C.1,000D. None of the above

Step 1: Define Cost Of Goods SoldThe cost of goods sold represents the total direct cost incurred by…

Answered: If your estimate is that you are going…

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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If your estimate is that Galaxy Electronics is going to sell 6,500 units at $25 per piece and each item costs $8, your estimated cost of goods sold in dollars would be: Options-A. $48,500 B. $52,000 C. $65,000 D. None of the above
If your estimate is that Galaxy Electronics is going to sell 6,500 units at $25 per piece and each item costs $8, your estimated cost of goods sold in dollars would be:
I have the following additional questions: 1) Calculate the breakeven point in dollars under the current scenario 2) Calculate the number of units to be sold if the company desires a target profit of $225,000. 3) Calculate the sales dollars if the company desires a target profit of $225,000.
ACCOUNT
P Company has provided the following data: Sales Price per unit: $50 Variable Cost per unit: $30 Fixed Cost: $135,000 Expected Sales: 20,000 units a) What is the breakeven point in sales dollars? b) What is the current margin of safety? c) If the company wants to have net income of $70,000, how many units must they sell?
Find out BEP in units and value with the following data:Fixed cost - $50000Variable cost - $40 per unitSelling Price - $80 per unitCalculate:1) What will be the profit when the sales is $1000002) What will be the amount of sales if it desires to earn a profit of $15000
Suppose Morrison Corp.’s breakeven point is revenues of $1,100,000. Fixed costs are $660,000. Q1. Compute the contribution margin percentage. Q2. Compute the selling price if variable costs are $16 per unit. Q3. Suppose 75,000 units are sold. Compute the margin of safety in units and dollars. Q4. What does this tell you about the risk of Morrison making a loss? What are the most likely reasons for this risk to increase?
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The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 Dollars ($) 8000 7000 6000 5000 4000 3000 2000 1000 -10 -1000+ 10 20 30 (a) What is the break-even point? e.g. (295,7650) (b) What are the fixed costs? $ Percent of capacity= 40 Units TR TC If the selling price per unit is $100, and the variable cost per unit is $20: FC 50 60 70 80 90 100 enter the answer in the form (x,y) (c) If the maximum production capacity of the commodity is 100, express the break-even units as a percent of capacity? % (round to two decimal places if necessary)

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If your estimate is that you are going to sell 5,000 units at 20 dollars a piece and each item cost you 5 dollars, your estimated cost of goods sold in dollars would be: A. 25,000 B. 12,500 C.1,000 D. None of the above