Please help me Oriole Company sells two types of soccer jerseys: Deluxe and Superior. The following table shows the sales price and unit variablecosts for each jersey. Oriole Company incurs 220,000 a year in fixed costs. Assume the store has a sales mix of three Deluxe jerseys forevery Superior jersey sold.TypeDeluxeSuperior(a)DeluxeSuperior(b)Sales Price$19.00Your answer is correct.27.00DeluxeeTextbook and MediaVariable CostHow many jerseys of each type will be sold at the breakeven point? (Round answers to O decimal places,$$15.00Superior $19.0033000Contribution Margin11000$4.008.00What amount of revenue would need to be generated by each type of jersey for the company to earn $27,500 in operatingincome? (Round answers to O decimal places, e.g. 25,000.)25,000.)Attempts: 1 of 4 used

The portion of a product's sales revenue that is not used to cover variable costs and instead goes…

Answered: Oriole Company sells two types of…

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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Homoward Hardware buys cat liter for $6 less 20% per bag. The store's overhead is 45% of cost and the owner requires a profit of 20% of cost (a) (b) (c) (d) (e) (7) For how much should the bags be sold? What is the amount of markup included in the selling price? What is the rate of markup based on selling price? What is the rate of markup based on cost? What is the break-even price? What operating profit or loss is made if a bag is sold for $7 509
A wholesaler purchases widgets for $8 per unit from the manufacturer and sells it to retailers who then sell to consumers. The wholesaler marks up by 20% on the retailer purchase price, while the retailers mark up by 25% on the wholesaler selling price. Here, the retail selling price to the consumer is: O $12.00 O $12.80 All the other 4 answers are correct. $12.50 O $13.33
Sports Extreme advertised a Freestyle XL Stand Up Paddleboard for a regular price of $710. Sports Extreme bought the board from its supplier for $510 less a trade discount of 25%. The Sports Extreme's overhead expenses are 20% of cost. a. What operating profit or loss will Sports Extreme realize if the paddleboard is sold at the regular price? (Round your answer to 2 decimal places.) (Click to sele v b. What operating profit or loss will Sports Extreme realize if the paddleboard is sold during a "20% off" weekend sale? (Round your answer to 2 decimal places.) (Click to sele c. What rate of markdown can Sports Extreme advertise if it is willing to just break even on the sale of the paddle board during an end of season sale? (Round your answer to 2 decimal places.) Rate of markdown
a. For how much does Nicolas Appliance Center sell an electric fan? 2. Nicolas Appliance Center has purchased electric fans for Php 800 eac The electric fans are marked up 48% of the selling price. b. What is the rate of markup based on cost?
Gymnast Clothing manufactures expensive soccer cleats for sale to college bookstores in runs of up to 500. Its cost (in dollars) for a run of x pairs of cleats is C(x) = 3,050 + 8x + 0.1x2 (0 sx s 500). Gymnast Clothing sells the cleats at $120 per pair. Find the revenue and profit functions. Revenue = Profit = How many pairs of cleats should Gymnast Clothing manufacture to make a profit? at least pairs
Good morning, Please answer questions Patsy Smith is planning to sell her special knife for $15 per unit. She purchases units from alocal distributor for $6 each. She can return any unsold units for a full refund. Fixed costs forbooth rental, including lighting and security is $4500.Requireda) Compute the breakeven point in units sold. b) Suppose the unit purchased is $5 instead of $6, the fixed cost increases by $500, butthe selling price is unchanged. Compute the new breakeven point in units sold. c) Using the above data, explain how cost behaviour affects Patsy Smith’s decisionmaking?
A recliner chair that sells for $1,469 is marked up 45% of the selling price. a. What is the markup? b. What is the cost? a. The markup is $ (Round to the nearest cent as needed.) b. The cost is $ (Round to the nearest cent as needed.)
A factory sells an item to the wholesalers at a profit of 5%. The wholesaler sells the item to the retailer at a profit of 10%. The retailer sells the item to the public at a profit of 25%. All businesses add VAT of 15%. Required: 2.1 Complete the following table. Factory Wholesaler Retailer Cost Price R 600 ? 5 430,00 ? 3 345,60 ? ? 100,00 ? ? Profit ? ? 2.2 Complete the table below by calculating the missing amounts. Amount (R) VAT (R) 156,80 ? ? VAT ? ? ? 15,68 0 Exempt Selling Price ? ? ? TOTAL (R) ? ? 4058,40 ? ? 74,90 ?
Home Depot sells a couch for $250.50. The dollar amount of markup on the couch is $95.72. Round all dollar values to two decimal places and percentages to two decimals (i. e 34.56%). a. What is the cost to Home Depot? [1 pt] b. What is the markup on selling percentage? 1pt
Dellcom Inc. sells two products: a regular and a deluxe version. The owner would like to better understand the impact of the sales mix on the company's sales. The following information is available: Regular Deluxe Sales price per unit Variable cost per unit $38 $61 $15 $34 The company has total fixed costs of $384,615 for the year and they sell 9 Regular products for every 4 Deluxe product. The owner would like to know, given the sales mix, how many units of each product the company must sell per year to break even. The company must sell units of the Regular product. Enter the number of units given the current sales mix. The company must sell units of the Deluxe product. Enter the number of units given the current sales mix.
If a home goods retailer pays $32.50 for the vacuum cleaner shown here, answer the following questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) 12-AMP POWERVAC PLUS $899 • Microfiltration • On-board tools 1-yr. Product Replacement Policy, $7.99 (a) What is the percent markup based on selling price? 63.7 % (b) If the retailer pays $1.40 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? % (c) If 6,000 vacuum cleaners are sold in a season and 40% are sold with the insurance policy, how many additional "markup dollars," the gross margin, were made by offering the policy? $ |(d) As a housewares buyer for the retailer, what is your opinion of such insurance policies, considering their effect on the "profit picture" of the department? How can you sell more policies?
A 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 It

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