Melody Tunes is a direct marketer of popular music. The following information about its revenue and cost structure is available: • Selling Price: $15.50 per CD • Variable Costs: • Production: $4.50 per CD Selling and Administration: $2.00 per CD Fixed Costs: $68,000 What is the break-even point in CDs for Melody Tunes?
Q: Calculate the average Operaating assets
A: Concept of Net Operating Income: Net Operating Income (NOI) is a financial metric that represents…
Q: An item of equipment owned by Harper Industries cost
A: Concept of Units of Production Depreciation MethodThe Units of Production Depreciation Method is a…
Q: Which of the following statements in true
A: To determine which statement is true, we need to calculate **labor rate variance** and **labor…
Q: MACHINE HOURS COST
A: Step 1: Analysis of information givenTotal estimated cost at 40,000 machine hours = $76,000Total…
Q: Please given step by step answer general Accounting question
A: Step 1: Define External FinancingExternal financing refers to the process of raising capital from…
Q: Provide answer
A: Here's how we'll apply the given data:Inventory conversion period = 55 daysReceivables collection…
Q: What is the annual percentage rate of this financial accounting question?
A: Step 1: Define Annual Percentage Rate (APR)The Annual Percentage Rate (APR) is the nominal interest…
Q: wildwood's gross profit?
A: Step 1: Definition of Gross ProfitGross profit represents the amount a company earns after…
Q: What is the ending inventory under variable costing?
A: Explanation of Variable Costing: Variable costing is a method of product costing that only includes…
Q: What were the equivalent units for conversion cost?
A: Calculation of Equivalent Units for Conversion costs in the Blending departmentEquivalent units =…
Q: What was the income tax expenses reported on the income statement? General Accounting question
A: Step 1: Define Income Tax ExpenseIncome tax expense represents the total tax liability recognized on…
Q: ??
A: Calculate dividends paid:Since Muffy's Muffins retains 50% of its net income, it pays out the other…
Q: Uses the weighted-average method of accounting for units and costs.
A: Concept of Equivalent Units of Production (EUP)Equivalent Units of Production (EUP) is a measure…
Q: financial account
A: Step 1: Calculation of increase in unit salesIncrease in unit sales = December sales × Growth…
Q: How much profit does the company make?
A: Explanation of Batch: A batch in this context refers to a specific quantity of cocoa beans that are…
Q: Gale Corporation owns 15% of the common stock of Troy Enterprises and uses the fair-value method to…
A: Concept of Fair-Value MethodThe fair-value method is an accounting approach used to report…
Q: Please see an attachment for details. .general Accounting question
A: Step 1: Define Equity MultiplierThe equity multiplier is a financial ratio that measures a company's…
Q: Provide correct answer this financial accounting question
A: We will use the Excel RATE function to determine the annual interest rate needed to grow from…
Q: What is the average accounts payable balance? ?
A: Step 1: Define Accounts Payable BalanceThe Accounts Payable Balance represents the amount a company…
Q: Not need ai solution please solve this question general Accounting
A: Step 1: Define Price-Earnings (P/E) RatioThe P/E ratio is a valuation metric that compares a…
Q: What is the firms cash conversion cycle?
A: Step 1: Given Value for Calculation Inventory Conversion Period = 55 daysReceivables Collection…
Q: What is this firm debt equity ratio?
A: As per DuPont Analysis, Return on Equity (ROE) = Net profit margin * Total asset turnover * Equity…
Q: Financial Accounting
A: Step 1: Identify the given valuesStep 2: Convert percentage values to decimalsStep 3: Use the CAPM…
Q: Dakota Manufacturing had 3,120 units, one-fourth completed at the beginning of the period. 14,580…
A: Explanation of Beginning Work in Process (WIP):Beginning Work in Process (WIP) represents the…
Q: hi expert please solve questions.
A: Substituting GPM = 50% (or 0.50 in decimal form): Markup on Cost = (0.50/1 - 0.50) * 100 Markup on…
Q: Kindly help me with accounting questions
A: Return on Equity = ((Net income - Preferred dividends) / Average Common Stockholder's Equity) x 100…
Q: What is the total manufacturing cost assigned to job 106?
A: Explanation of Direct Materials Cost: Direct materials cost refers to the cost of raw materials that…
Q: Provide net earnings for the week
A: Step 1: Definition of Net EarningsNet Earnings (or take-home pay) is the amount an employee receives…
Q: Compute everest inventory
A: Step 1: Definition of Inventory Turnover RatioThe Inventory Turnover Ratio measures how efficiently…
Q: Please solve. General Accounting question
A: Step 1: Define Profitability Index (PI)The Profitability Index (PI) is a financial metric that…
Q: Question
A: Concept of Financing ActivitiesFinancing activities refer to transactions that involve raising…
Q: What is the adjusted net income of this financial accounting question?
A: Step 1: Definition of Accrual AccountingAccrual accounting is a method where revenues and expenses…
Q: No AI ANSWER
A: Concept of Current LiabilitiesCurrent Liabilities are financial obligations that a company must…
Q: Gross margin solve this accounting questions
A: Step 1: Definition of Gross MarginGross Margin is calculated as net sales minus the cost of goods…
Q: You are given the following information about XX Company in 2020
A: Step 1: Calculation of total desired contribution marginTotal desired contribution margin = Fixed…
Q: what is projected sales January?
A: Use the following calculation to get the anticipated unit sales for January:Projected Sales =…
Q: What is the maturity value of the note on these financial accounting question?
A: Step 1: Definition of Maturity ValueThe Maturity Value of a note is the total amount that must be…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Overhead VarianceOverhead variance is the difference between the standard…
Q: What is net income under absorption costing?
A: Concept of Variable CostingVariable costing is a method of accounting where only variable costs,…
Q: How much will company have to cut cost per unit?
A: Explanation of Target Cost: This is a strategic cost management tool that determines the maximum…
Q: General accounting question
A: Step 1: Definition of Cash Flow Cycle (Cash Conversion Cycle)The Cash Conversion Cycle (CCC)…
Q: Mangesh Analytics, Inc. sells earnings forecasts for European securities. Its credit terms are 2/15,…
A: To calculate the average collection period, we use the weighted average time customers take to pay…
Q: Don't use ai given answer general accounting questions
A: Step 1: Calculation of average total assetsStep 2: Calculation of total asset turnover
Q: Please given correct answer general accounting
A: Step 1: Define Preferred Stock ValuationPreferred stock represents a type of fixed-income security…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of LIFO Reserve and Adjusted COGSLIFO Reserve is the difference between the cost…
Q: Vector Industries used 8,200 machine hours (Driver) on Job #25. Total machine hours are 24,500.…
A: Explanation of Machine Hours: This is a measure of the time that machines are actually operating in…
Q: What is the depreciable based of the machine?
A: Step 1: IntroductionThe depreciable base represents the portion of the asset's cost that will be…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Operating Cash FlowOperating Cash Flow (OCF) is the amount of cash generated…
Q: given true answer financial accounting question
A: This is a perpetuity problem, where the present value (PV) of a perpetuity is calculated using the…
Q: Dana intends to invest $32,000 in either a Treasury bond or a corporate bond. The Treasury bond…
A: solve this step by step.For part a-2 (Corporate bond with 24% tax rate)Initial investment…
What is the break even point in cds for melody tunes ?
Step by step
Solved in 2 steps with 1 images
- Sunland Company sells MP3 players for $ 50 each. Variable costs are $ 40 per unit, and fixed costs total $ 120000. What sales are needed by Sunland to break even? O $ 600000. O $ 960000. O $ 192000, O $ 428571.Advanced Electronics manufactures DVDs and sells them directly to retailers, who typically sell them for €20. Retailers take a 40 per cent margin based on the retail selling price. Advanced’s cost information is as follows: DVD package and disc €2.50/DVDRoyalties €2.25/DVDAdvertising and promotion €500,000Overhead €200,000 Calculate the following:(a) contribution per unit and contribution margin(b) break-even volume in DVD units and dollars(c) volume in DVD units and euro sales necessary if Advanced’s profit goal is 20 per cent profit on sales(d) net profit if 5 million DVDs are soldBonita Industries sells MP3 players for $80 each. Variable costs are $50 per unit, and fixed costs total $120000. How many MP3 players must Bonita sell to earn net income of $300000? 4200. 4000. 14000. 6000.
- Vaughn Music produces 60800 blank CDs on which to record music. The CDs have the following costs Direct Materials $10600 Direct Labour 14800 Variable Overhead 2800 Fixed Overhead 6800 None of Vaughni's foxed overhead costs can be reduced, but another product could be made that would increase the operating income by $4400 if the CDs were acquired externally If cost minimization is the major consideration and the company would prefer to buy the CDs, what is the maximum external price that Vaughn would be willing to accept to acquire the 60800 units externallyNadeen Company manufactures nylon arm - band carriers for use with popular portable MP3 devices. Variable costs are $12 per arm - band carrier, the price is $20, and fixed costs are $80,000. How many arm - band carriers must Nadeen Company sell to break even?What is heart & soul's contribution margin per unit in dollars??
- Concord Music produces 59600 blank CDs on which to record music. The CDs have the following costs: Direct Materials $10000 Direct Labour 15700 Variable Overhead 3300 Fixed Overhead 6600 None of Concord’s fixed overhead costs can be reduced, but another product could be made that would increase the operating income by $4500 if the CDs were acquired externally. If cost minimization is the major consideration and the company would prefer to buy the CDs, what is the maximum external price that Concord would be willing to accept to acquire the 59600 units externally? $31100 $40100 $35600 $33500Advanced Electronics manufactures DVDs and sells them directly to retailers who typically sell them for $20. Retailers take a 40% margin based on the retail selling price. Advanced’s cost information is as follows:DVD package and disc $2.50/DVDRoyalties $2.25/DVDAdvertising and promotion $500,000Overhead $200,000 Calculate the following:a. contribution per unit and contribution marginb. break-even volume in DVD units and dollarsc. volume in DVD units and dollar sales necessary if Advanced’s profit goal is 20% profit on salesd. net profit if 5 million DVDs are soldNash, Inc. buys 1,100 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $6,000. Nash will group the CDs into three price categories for resale, as indicated below. Group No. of CDs Price per CD 1 300 $5 700 10 100 15 Determine the cost per CD for each group, using the relative sales value method. (Do not round ratios for computational purposes. Round final answers to 2 decimal places, e.g. 5.85.) Group Cost per CD 1 $4 %24 %24 %24
- Note. Account. need simple answerA small company manufactures a certain item and sells it online. The company has a business model where the cost, C in dollars, to make x items is given by the equation C = 20/3 x + 50. The revenue R , in dollars , made by selling x items is given by the equation R = 10x. How many items must the company sell in order for the cost to equal their revenue?Research on a new laptop case indicates that the product can be sold for $40 per unit. Cost analysis provides the following information. Fixed cost per period = $5500 Variable cost per unit = $25 Production capacity per period = 956 units What is the revenue function?