Use the following data to compute the selling price. Variable costs Fixed costs Break even revenue $15 per unit $600,000 $1,500,000 Contribution margin percentage 40%
Q: Question No. 15 sub: financial accounting
A: Explanation of Learning Curve Concept:The learning curve concept is a graphical representation…
Q: How many dollars worth of sales are generated from every $1 in total assets on these accounting…
A: Step 1: Define Asset TurnoverThe asset turnover ratio is a measure of the efficiency of asset use.…
Q: Get correct answer accounting questions
A: Step 1: Define Manufacturing OverheadManufacturing overhead cost which is also known as factory…
Q: Need General Accounting Question solution with Explanation of Calculation
A: Step 1: Calculate the Contribution Margin per UnitContribution Margin per Unit: This is the amount…
Q: Please give me answer accounting questions
A: Step 1: Define Asset Turnover ratioEvery company earns revenues by utilizing the resources and…
Q: Solution
A: Explanation of Net Income: Net income represents the total earnings or profit that a company…
Q: Please give me answer general accounting
A: Step 1: Define Direct Material Quantity VarianceA Direct Material Quantity Variance is also known as…
Q: Please provide general accounting question answer
A: Step 1: Define Debt to Equity RatioThe debt to equity ratio calculates the proportion of equity and…
Q: Please give me answer general accounting
A: Explanation: In the given case, we are provided with two scenarios. Under 1st scenario, the project…
Q: Amy is evaluating the cash flow consequences of organizing her business entity SHO as an LLC (taxed…
A: Step 1:To evaluate the cash flow consequences for each entity type, we will calculate the after-tax…
Q: Calculate the net cash provided f accounting
A: Explanation of Net Cash from Operating Activities: Net cash from operating activities represents the…
Q: General finance
A: Step 1: Define DuPont IdentityThe DuPont identity breaks down return on equity (ROE) in the…
Q: A corporation issues 9%, 10-year bonds with a par value of $570,000 and semiannual interest…
A: Step 1:First calculate the issue price of the bond: Issue price = Par value * Selling price /$100…
Q: Please give me answer accounting
A: Step 1: Define VarianceWhen a variance has reached the company's set amount when management by…
Q: Can you answer this accounting question?
A: Step 1: Define Price-Earnings RatioThe price-earnings ratio (or multiple) approach can be used to…
Q: If you give me wrong answer I will give you unhelpful rate on these accounting question
A: Total Comprehensive Income=Net Income+Other Comprehensive Income Other Comprehensive…
Q: Please give me answer general accounting
A: Step 1: Define InventoryIn a product-driven business enterprise, inventory management is critical…
Q: General Accounting Question
A: Step 1: Define Average Collection PeriodThe average collection period is a financial metric…
Q: Surdas Corporation
A: Step 1:Degree of operating leverage (DOL): It is a multiple that measures the degree to which a…
Q: Please help, give me a detailed answer to this.
A: Truck #1 AcquisitionTruck #1 is bought at a list price of $16,950 but paid in cash at a negotiated…
Q: Provide solution this financial accounting question
A: Step 1: Define Contribution MarginThe remaining money accessible for fixed outlays after spending…
Q: Accounting...comaa manufacturing
A: Step 1: Define Ending InventoryThe finished goods that the firm has on hand at the conclusion of the…
Q: Question I (80%) TechNova Inc. (TN) is the leading manufacturer of smart home hubs, while MicroTech…
A: Part (b) - Adjusting Entries and Consolidation Journal EntriesTo complete the consolidation process,…
Q: Solve the Question
A: Inventory turnover ratio = Cost of goods sold / Average inventory = 480000/60000 = 8 Average days…
Q: Accounting intermountain..
A: Step 1: Define Balance sheetThe accounting statement that classifies the statement into three…
Q: vi.3
A: 2024:June 1 - When notes are received instead of cash, we debit notes receivable. Notes Receivable…
Q: Hi expart Provide correct answer for this accounting question
A: Step 1: Understand the formulaThe formula for the materials price variance is:Materials Price…
Q: On January 3, 2022, Persoff Corporation acquired all of the outstanding voting stock of Sea Cliff,…
A: Consolidation WorksheetBelow is the consolidation worksheet incorporating the consolidation…
Q: Virginia and Richard are married taxpayers with adjusted gross income of $43,000 in 2023. If…
A: Step 1: Determine EligibilityCheck Combined AGI: Their combined adjusted gross income (AGI) is…
Q: Hello tutor answer the accounting question not use ai
A: Step 1: Define Total EquityIn accounting, total equity refers to the total assets net of…
Q: Give me Answer of this Question.. need correct option
A: Step 1: Detailed Definition of Gain or Loss on Disposal of an AssetThe gain or loss on disposal of…
Q: Monty Corporation asks you to review its December 31, 2023 inventory values and prepare the…
A: Detailed explanation:1Physical Count as of December 31$ 234,4002Goods purchased from Shansi are…
Q: Accounting
A: Step 1: Define Direct MaterialDirect material is those materials that go into making a product or…
Q: Can you please answer the accounting question?
A: Explanation: We are required to calculate the amount of cash and current assets from the given data…
Q: I need your help to carry out everything that must be calculated in a payroll and that the values…
A: Step 1: Gather Employee Hours and RatesWe will calculate regular hours, overtime hours, and the…
Q: Give true answer this accounting question
A: Step 1: Define Operating leverageOperating leverage is a leverage which represents how well the…
Q: Total labor
A: Explanation of Standard Labor Hours: Standard labor hours represent the estimated or pre-determined…
Q: Hi expart Provide solution this accounting question
A: Step 1: Define CVPCVP or Cost - Volume - Profit analysis is a useful tool in decision making that…
Q: Provide this question general accounting solutions
A: Step 1: Define Price-Earnings RatioThe price-earnings ratio is a measure of how many times the…
Q: Provide this question solution general accounting
A: Step 1: Define Cost volume profit analysisThe Cost volume profit analysis or break-even point is…
Q: Provide answer the accounting question do fast and step by step calculation
A: Step 1: Define Operating Cash FlowOperating cash flow refers to the amount of cash generated by a…
Q: DL variances; journal entries Calista & Lane, CPAs, set the following standard for its inventory…
A: a. Compute the total actual payroll.Given:The firm actually worked 330 hours.The average hourly rate…
Q: Cullumber Corporation is a publicly traded company and follows IFRS. On December 31, 2022,…
A: The interest cost is calculated by multiplying the beginning defined benefit obligation by the…
Q: Provide steps
A: Explanation of Goodwill: Goodwill is an intangible asset that represents the excess of the purchase…
Q: Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources),…
A: Step Method of AllocationThe step method is a cost allocation technique used to assign service…
Q: The attached pic is Lannister Salon's Comprehensive Income from 2022-2023. Here are the following…
A: Upon reviewing the computations and classification of accounts, it appears that they have been…
Q: Want solution for this Financial accounting Question
A: Explanation of Total Assets:Total assets represent all the economic resources owned or controlled by…
Q: Please give me answer general finance
A: Step 1: Define Savings AccountA safer option that can increase the value of money at a modest rate…
Q: Give Answer correct
A: Explanation of Standard Costing: Standard costing is a cost accounting system that uses…
Q: Please assist to give step by step answers or in excel format
A: Part (c) - Inventory Turnover Calculation 1. Inventory Turnover Calculation: Inventory Turnover =…
Use the following data to compute the selling price on these financial accounting
Step by step
Solved in 2 steps
- Compute the selling price?Calculate the breakeven point and contribution margin. Breakeven point units Fixed cost $ 77,100 Contribution margin Selling price per unit $ Variable cost per unit 5 $ 3Evaluate the quantity at which revenue equals to costs (break-even point). <use Goal seek> Assumptions: Fixed cost: 5000 Material costs per item: 2.25 Labor costs per item: 6.5 Shipping costs per 100 items: 200 Price per item: 12.99
- Complete the Table Total Total Unit Selling Total Fixed Variable Variable Price Revenue of Costs Costs Cost Output ? ? $5,000 $6,600 $2,000 ? $18,000 ? 2 $45,000 ? $94,050 ? $5 ? ? ? $75.24 $13 $10 $75 ? ? 2 ? $10,000 $60,000 Level Net Income Rate $4,000 ?$14,500 $84,600 1,800 $78,000 3,000 $18,000 ? ?-$19,500 Contribution Unit Show Transcribed Text ? ? 35% ? 38% Contribution Margin $7.50 ? $13 ? can anyone help me doing this in easiest and less confusing wayIf Unit Selling price = $133 Unit Variable cost = $93 Fixed costs $11,169 What is breakeven point in units? Round your answer to the nearest whole dollar.Answer the following questions based on the given information: Sales Units 500,000 Total Sales $50,000,000 Total Variable Cost $35,000,000 Total Fixed Cost $10,000,000 What is Total Contribution Margin? What is Contribution Margin Per Unit? What is the Contribution Margin Ratio?
- Determine the missing amounts. Unit Selling Price 1. 2. 3. $ $500 $250 (e) LA $ LA Unit Variable Costs $200 (c) +A $ Unit Contribution Margin $65 (f) $560 (a) Cc MCompute the missing amounts. (Enter the contribution margin ratio to nearest percent, X%.) A Sale price per unit $2,100 Variable costs per unit 840 Total fixed costs 1,045,800 Target profit 1,600,200 Calculate: Contribution margin per unit Contribution margin ratio % Required units to break even Required sales dollars to break even Required units to achieve target profitDetermine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $300 $165 A. B. 2. $600 C. $150 D. 3. E. F. $440 40%