The profit earned in running a bus service is  jointly proportional to the distance and the number of passen-gers over a certain fixed number. The profit is $80 when 30  passengers are carried a distance of 40 km and is $180 when  35 passengers are carried 60 km. What is the minimum num-ber of passengers that results in no loss

Q: If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select…

A: The objective of the question is to calculate the gross profit given the cost of goods sold and the…

Q: How do you compute the monthly margn of safety in dollars if the  shop has a monthly target profit…

A: Given that: Target profit = $54000 Variable costs = 20% of sales Fixed costs = $18000

Q: Anu's Amusement Center has collected the following data for operations for the year. Total revenues…

A: Break even point Break even point in terms of number or units is calculated as shown below. Break…

Q: Sales Beer sales Food sales Other sales Total sales Less cost of sales Gross margin Less marketing…

A: Break even sales cover all fixed and variable costs and at this point, the business earns neither…

Q: If the mark-up based on cost is 50%, what is the mark-up based on sales?

A: For any organization the cost and selling price of the product has to be well defined in order to…

Q: If , gross profit = Rs 30,000 GP margin = 20% of sales. What will be the value of cost of goods…

A: The correct option is  B. Rs. 120000

Q: The unit selling price is $75 and the variable cost per unit is $33 and the total fixed costs are…

A: Margin of safety = Actual sales - Break-even point   Break-even point = Total fixed costs/PV ratio…

Q: With regards to Sing's price, cost, and product, what can be concluded from Scenario #2?

A: Decision about the scenarios is based upon the analysing of each scenarios and its impact on the…

Q: The following information is available for FLOWER Company: Variable Cost = $1 per unit Total Fixed…

A: Formulas used : Break even point in units = Fixed Cost / Contribution per unit Net Income = Net…

Q: Summer Repair Shop has a monthly target operating income of $40,000. Variable expenses are 85% of…

A: The margin of safety sales  means difference between current sales and break even sales. Break even…

Q: Dennis Ltd makes a single product, the Flair. Over the next period, period 1, Dennis Ltd plans to…

A: 1- Calculation of total contribution and contribution per unit.    Contribution=  sales - variable…

Q: A company produces televisions. The cost of producing x televisions per month is given by C(x) =…

A: A company is in the business of production of televisions.The cost of producing televisions is given…

Q: The selling price per unit of a product is OMR 5; The total cost is OMR 500 of which the fixed cost…

A: Formula: Unit contribution = Selling price - variable cost Deduction of variable cost from selling…

Q: Sales=5000 unit , BEP=4000 , Fixed cost = 12000. What is the amount of Profit

A: Profit = contribution - fixed cost BEP  = fixed cost/ contribution per unit  Total units = 5000…

Q: Dennis Ltd makes a single product, the Flair. Over the next period, period 1, Dennis Ltd plans to…

A: Contribution margin takes into consideration only variable expenses while profit takes into…

Q: Adidas Co., has a sale of $2,100,000 (7,000 units), fixed expenses are $504,000, and the…

A: Introduction: Margin of safety : Deduction of break even sales from Actual sales derives the Margin…

Q: For Kosko Company, actual sales are $ 1,200,000 and break-even sales are $ 960,000 Compute (a) the…

A: Margin of safety sales are those sales over and above break even sales. At break even point fixed…

Q: Assume the following information: Sales Contribution margin Net operating income What is the margin…

A: Contribution Margin Ratio :— It is calculated by dividing total contribution margin by total sales.…

Q: I. What is the break- even point in dollar sales?   J. How many units must be sold to achieve a…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: A recent income statement for BMW reports the following (in € millions). Assume 75% of the cost of…

A: Variable Costing Analysis: It refers to that method of costing which indicates that cost which is…

Q: Calculate how many units would need to be sold to make £7,500 p Calculate how much profit would be…

A: Marginal Costing :— Marginal Costing is the Cost Management Technique. Under marginal Costing,…

Q: The cost services is 75% of service income. If the gross profit is P50,000, how much is the service…

A: Gross profit: The difference between the sales and the cost of goods sold is called gross profit.…

Q: A company has provided the following data: Sales 2,000 units Sales price $50/unit Variable cost…

A: Variable costs are costs which changes along with change in sales activity level. Fixed costs do not…

Q: The company has set a profit objective of £24,000 for year 2. The following suggestion have been…

A: We know that break even point is the point of sales where the company is in no profit and loss. Sale…

Q: Calculate the cost per running kilometre for a motor van from the following particulars :…

A: Cost per running kilometer is calculated by determining the total cost incurred for the year,…

Q: The company has a desired net income of $53,991 per service outlet. What is the dollar amount of…

A: To determine the sales dollars needed per service outlet to meet the desired net income of $53,991,…

Q: If the contribution margin ratio is 55%, target operating income is $30,000, and the sales revenue…

A: As per the question we know that contribution margin ratio is 55%Contribution margin ratio=…

Q: You are required to (i)Determine profit, when sales =200,000 Fixed cost=40,000 BEP=160,000…

A: Breakeven sales * Profit volume ratio =Fixed cost Sales * Profit volume ratio =Fixed cost + Profit

Q: A company sells 100-pound bags of a product for $25 a bag. The fixed costs of this operation are…

A: EBIT stands for earning before Interest and Tax. EBIT is earnings after deduction of all operating…

Q: Assume the following (1) total sales = $200,000 (2) breakeven sales = $120,000, and (3) total fixed…

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

Q: didas Co., has a sale of $2,100,000 (7,000 units), fixed expenses are $504,000, and the contribution…

A: Sales price per unit = Total sales / no. of units sold = $2,100,000 / 7,000 units = $300 per unit

Q: Need help with this question

A: Step 1: Introduction to the Gross ProfitThe gross profit is the surplus of sales revenue over the…

Q: Harold McWilliams owns and manages a general merchandise store in a rural area of Virginia. Harold…

A: Margin of safety is the difference between total sales revenue and the break-even point in sales…

Q: Sales are 440000 OMR, variable cost = 110000 OMR, profit is 10000 OMR calculate fixed cost a.…

A: Sales = 440000 OMR Variable cost = 110000 OMR Profit = 10000 OMR

Q: XYZ Co. has a contribution margin of $450,000 and profit of $150,000. If sales increase 30%, by how…

A: Contribution margin can be defined as the difference between the total revenues and total variable…

Q: According to following information, which of the following shows Margin of Safety (MS) as amount and…

A: Break even sale (in units)=Fixed costSale per unit-Variable cost per unit=375,000250-100=2,500

Q: Part 2. Rhiner Company prepared the following contribution format income statement based on a sales…

A: Contribution margin income statement is an income statement which shows contribution margin amount…

Q: Revenue from product X is $4,000. Total variable costs for product X are $2,500. The allocated fixed…

A: If a product is dropped then revenue from the product is lost, variable costs are saved and…

Q: 2018 2019 2020 P7.50 Sales per unit Desired profit P9.00 P10.00 P15,000 P28,000 P30,000 Fixed costs…

A: Computation of requirement from 3 to 14 is as under:

Q: Given that sales are R5000000, Gross profit is R1 500 000. Therefore, cost of sales is R 2500000.…

A: The cost of sales can be calculated by deducting the gross profit from the sales revenue.

Q: Compute (a) the margin of safety in dollars and (b) the margin of safety ratio with the given…

A: Margin of safety can termed as an difference between the sales of an product and break-even sales.

Q: Angela Company is concerned about its operating performance, as summarized below: Revenues (P12.50…

A: Break even is point at which an entity is in situation of no profit no loss. It is the point whereby…