Pinnacle Furniture sells dining tables for $1,200 each, with variable costs of $800 per unit and monthly fixed costs of $60,000. How many units must be sold to break even? A) 200 units B) 150 units C) 75 units D) 50 units
Q: What was the variable overhead rate variance for the month
A: Step 1: Definition of Variable Overhead Rate VarianceThe variable overhead rate variance measures…
Q: Financial Accounting solve this problem
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures a company's…
Q: Can you please solve this questions
A: Step 1: Introduction to inventory valuationInventory valuation is referred to as that method which…
Q: Niro Corp. is considering a new four-year expansion project that requires an initial fixed asset…
A: 1. Depreciation:The initial investment is $3.2 million ($3,200,000).It's depreciated straight-line…
Q: Please provide the correct answer to this financial accounting problem using accurate calculations
A: Explanation of Net Income:Net income is the amount of profit a company earns after deducting all…
Q: I am searching for the correct answer to this general accounting problem with proper accounting…
A: Step 1: Definition of Accumulated DepreciationAccumulated depreciation is the total depreciation…
Q: Laura estimates that his car costs $290 per month in fixed expenses, such as insurance and…
A: To calculate Laura's total car costs for May, we add the fixed expenses and the variable expenses…
Q: I need assistance with this general accounting question using appropriate principles.
A: Step 1: Definition of Asset TurnoverAsset turnover is a financial ratio that measures how…
Q: I need help with this solution and accounting question
A: Step 1: Definition of Break-Even PointThe break-even point is the level of sales at which total…
Q: What is the polka electronics contribution margin for November??
A: Step 1: Definition of Contribution MarginThe contribution margin is a key financial metric that…
Q: Please explain the solution to this general accounting problem using the correct accounting…
A: Step 1: Definition of Retained EarningsRetained earnings refer to the cumulative amount of net…
Q: Paxwell Industries uses a standard costing system that allows 3 pounds of direct materials for one…
A: Explanation of Standard Quantity Allowed:Standard quantity allowed refers to the number of direct…
Q: Get correct answer with accounting
A: Step 1: Definition of Earnings Per Share (EPS)Earnings Per Share (EPS) is a financial metric that…
Q: Please need help with this general accounting question
A: Step 1: Definition of Gain or Loss on Sale of EquipmentWhen a company sells an asset, such as…
Q: I need help with correct answer
A: We have given, Total Purchase Cost (March) = $1,200 for 40 productsProducts Sold in March = 12…
Q: What is the labor rate variance?
A: Step 1: Definition of Labor Rate Variance Labor rate variance is a measure used in cost accounting…
Q: Solve this question and accounting
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method used to…
Q: Calculate the holding period return?
A: To calculate the holding period return (HPR), we need to determine the change in the stock's value…
Q: I want to this question answer for General accounting question not need ai solution
A: Step 1: Define Funded StatusFunded status refers to the difference between a pension plan's assets…
Q: Financial Accounting Question
A: Step 1: Define Total Asset Turnover RatioThe Total Asset Turnover Ratio measures how efficiently a…
Q: What is the book value at the end of year 8 ?
A: Step 1: Definition of Book Value and DepreciationBook value refers to the value of an asset on the…
Q: Hello tutor solve this question and accounting question
A: Step 1: Definition of Price-Earnings (P/E) RatioThe Price-Earnings (P/E) Ratio is a financial metric…
Q: James Wilson is the sole shareholder of Wilson Enterprises. As of December 31, 2022, Wilson…
A:
Q: General accounting question
A: Step 1: Definition of Total AssetsTotal Assets refer to everything that a company owns and has…
Q: Calculate the return on assets, profit margin, assets turnover ratio?
A: Step 1: Definition of Return on Assets (ROA), Profit Margin, and Asset Turnover RatioReturn on…
Q: PrimeGear has fixed costs of 2,880,000 and variable costs per unit of 185 during a trading year. It…
A: Explanation of Fixed Costs:Fixed costs are business expenses that remain the same regardless of the…
Q: Laura estimates that his car costs $290 per month in fixed expenses, such as insurance and…
A: We have given, Fixed Expenses = $290 per monthVariable Cost Rate = $0.16 per mileTotal miles driven…
Q: Accurate answer
A: Explanation of Factory Overhead:Factory overhead refers to all indirect manufacturing costs that…
Q: Your firm purchases a business copier that costs $14,000 and requires $3,000 in maintenance for each…
A: Concept of Depreciation:Depreciation is the process of allocating the cost of a tangible asset over…
Q: I am searching for the correct answer to this general accounting problem with proper accounting…
A: Step 1: Definition of Taxable Income after IRS ReclassificationWhen the IRS reclassifies a portion…
Q: Can you help me solve this general accounting question using the correct accounting procedures?
A: Step 1: Definition of Total Overhead VarianceThe total overhead variance is the difference between…
Q: Financial accounting
A: Step 1: Define Total Asset TurnoverThe Total Asset Turnover Ratio measures how efficiently a company…
Q: What is the stock's current price?
A: Understanding the P/E RatioThe P/E ratio (Price-to-Earnings ratio) is a valuation metric that shows…
Q: Kelly Textiles estimated manufacturing overhead for the year to be $315,600. At the end of the year,…
A: Explanation of Estimated Manufacturing Overhead:Estimated manufacturing overhead is the projected…
Q: Financial accounting question
A: Step 1: Define Job Order CostingJob Order Costing is a system used to assign costs to specific jobs…
Q: General accounting
A: Step 1: Definition of Cost of Goods Sold (COGS)The cost of goods sold (COGS) refers to the direct…
Q: I need help with this solution and accounting question
A: Step 1: Definition of Gain or Loss on Disposal of MachineryThe gain or loss on disposal of…
Q: Solve this problem and accounting question
A: Step 1: Definition of Net Sales RevenueNet Sales Revenue represents the actual revenue a company…
Q: Ans
A: Concept of Process Costing:Process costing is a cost accounting method used when similar products…
Q: I need help with this solution and general accounting
A: Step 1: Definition of Stock BuybackA stock buyback (or share repurchase) occurs when a company…
Q: What is the amount of equity and net assets?
A: Step 1: Definition of Equity and Net AssetsEquity, often referred to as net assets, represents the…
Q: I need guidance with this financial accounting problem using the right financial principles.
A: Explanation of Research Grants from Private Foundations: Research grants from private foundations…
Q: What were orion techs free cash flow and earning for the period?
A: Given:Cash flow from operations = 5,120 millionAccruals = $1,575 millionCash investment in…
Q: ?!
A: Given InformationFace Value of Bonds: $5,000,000Coupon Rate: 5.5%Market Rate: 6.5%Issue Price:…
Q: I need assistance with this general accounting question using appropriate principles.
A: Step 1: Definition of Variable Overhead Efficiency VarianceThe Variable Overhead Efficiency Variance…
Q: Silva Manufacturing's output for the current period was assigned a $260,000 standard direct…
A: Explanation of Standard Direct Materials Cost:Standard direct materials cost represents the total…
Q: What was the number of pounds?
A: Explanation of Standard Costing System: A standard costing system is a cost accounting method that…
Q: What is the return on equity on these financial accounting question?
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) measures a company's…
Q: Please give me correct answer this financial accounting question
A: Step 1: Definition of Adjusted Cash BalanceThe adjusted cash balance is the amount of cash that a…
Q: Please give me answer with accounting
A: Step 1: Definition of Shares OutstandingShares outstanding refer to the total number of shares that…
Please provide problem with accounting question
Step by step
Solved in 2 steps
- Jansen Crafters has the capacity to produce 50,000 oak shelves per year and is currently selling 44,000 shelves for $32 each. Cutrate Furniture approached Jansen about buying 1,200 shelves for bookcases it is building and is willing to pay $26 for each shelf. No packaging will be required for the bulk order. Jansen usually packages shelves for Home Depot at a price of $1.50 per shell. The $1.50 per-shelf cost is included in the unit variable cost of $27, with annual fixed costs of $320.000. However, the $130 packaging cost will not apply in this case. The fixed costs will be unaffected by the special order and the company has the capacity to accept the order. Based on this information, what would be the profit if Jansen accepts the special order? A. Profits will decrease by $1,200. B. Profits will increase by $31,200. C. Profits will increase by $600. D. Profits will increase by $7,200.Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The companys monthly fixed expenses are $180,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of October when they will sell 10,000 units. How many units will Cadre need to sell in order to realize a target profit of $300,000? What dollar sales will Cadre need to generate in order to realize a target profit of $300,000? Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.
- Marlin Motors sells a single product with a selling price of $400 with variable costs per unit of $160. The companys monthly fixed expenses are $36,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of November when they will sell 130 units. How many units will Marlin need to sell in order to realize a target profit of $48,000? What dollar sales will Marlin need to generate in order to realize a target profit of $48.000? Construct a contribution margin income statement for the month of February that reflects $200,000 in sales revenue for Marlin Motors.Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.One of the bestselling items your firm offers sells for $19.99 a unit. The variable cost per unit is $11.59 and the carrying cost per unit is $.58. You sell 10,415 of these units each year. The fixed cost to order this item is $65. What is the economic order quantity? O 1,080 units 1,773 units 1,946 units 1,528 units 1,314 units
- Mia Enterprises sells a product for $90 per unit. The variable cost is $40 per unit, while fixed costs are $75,000. Determine the:a. Break-even point in sales units fill in the blank 1 of 2 unitsb. Determine the break-even point in sales units if the selling price increased to $100 per unit $ per unit fill in the blank 2 of 2 unitsGladstorm Enterprises sells a product for $50 per unit. The variable cost is $32 per unit, while fixed costs are $16,200. Determine the following: Round your answers to the nearest whole number. a. Break-even point in sales units fill in the blank 1 units b. Break-even point in sales units if the selling price increased to $62 per unit fill in the blank 2 unitsWhat is the break even point? General Accounting question
- Kindly help me Accounting questionGladstorm Enterprises sells a product for $60 per unit. The variable cost is $20 per unit, while fixed costs are $85,000. Determine the following: Round your answers to the nearest whole number. a. Break-even point in sales units units b. Break-even point in sales units if the selling price increased to $80 per unit unitsCoronado Industries produces hair brushes. The selling price is $15 per unit and the variable costs are $8 per brush. Fixed costs per month are $4800. If Coronado sells 50 more units beyond breakeven, how much does profit increase as a result? $1500 $750 $400 $350
