bhavesh Multiple Product BreakevenParker Pottery produces a line of vases and a line of ceramic figurines. Each line uses the same equipment and labor; hence, there are no traceable fixed costs. Common fixed co-equals $38,400. Parker's accountant has begun to assess the profitability of the two lines and has gathered the following data for last year:PriceVariable costVases$4030$10Break even vasesBreak even figurinesContribution marginNumber of unitsRequired:If required, round your final answers to nearest whole value.1. Compute the number of vases and the number of figurines that must be sold for the company to break even.Break even vases1,600Break even figurinesunits2. Parker Pottery is considering upgrading its factory to improve the quality of its products. The upgrade will add $5,280 per year to total fixed cost. If the upgrade is successful, theprojected sales of vases will be 2,000, and figurine sales will increase to 1,000 units. What is the new break-even point in units for each of the products?X units1,000unitsFigurines$70x units42$28500

The break-even sales are the sales where the business earns no profit or loss during the period. The…

Parker Pottery produces a line of vases and a line of ceramic figurines. Each line uses the same equipment and labor; hence, there are no traceable fixed costs Comm equals $38,400. Parker's accountant has begun to assess the profitability of the two lines and has gathered the following data for last year: Price Variable cost Contribution margin Number of units Required: Vases $40 30 $10 1,000 Figurines $70 42 $28 500

Parker Pottery produces a line of vases and a line of ceramic figurines. Each line uses the same equipment and labor; hence, there are no traceable fixed costs Comm equals $38,400. Parker's accountant has begun to assess the profitability of the two lines and has gathered the following data for last year: Price Variable cost Contribution margin Number of units Required: Vases $40 30 $10 1,000 Figurines $70 42 $28 500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Use the following accounts; Cash Foreign exchange gain Foreign exchange loss Capital Bank Short-term investments Loss on sale of short-term investment Gain on sale of short-term investment RA established his own company, r@ktas Co. The following transactions are the events that occurred during December 2018, the company's first month: Date 12/1 The owner invested $ 200,000 cash for capital. 12/5 r@ktas Co., opened deposit account on Don't Trust Bank and put 2.000 Euro (Exchange rate was 1 Euro= 1,5 Dollar) 12/10 The Company purchased short-term investment with cash for $2,500. 12/18 The Company sold short-term investment with cash for $2.000 Note: • Exchange rate was 1 Euro= 1,4 Dollar at the end of the period. Requirements: 1- Give the journal entry for each transaction. 2- Post each transaction to Taccounts.
Define Ethics.
how do you write a check
next answer?
I need help
Bussenes
What is the meaning of Intestate?
I need help solving for r.
What is the CAPM? What does it tell you?
What does ROE measure?
Should they accept this special order?