Breakeven point for two products: Breakeven point is the level of output at which the sales is equal to the total cost and there is no profit or loss. Breakeven point in units for two products together is calculated with the help of following formulas: B r e a k e v e n p o i n t ( U n i t s ) = T o t a l F i x e d C o s t W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n Target sales: Target sale is sale beyond the breakeven level to earn a desired profit. Target sale for two products together is calculated with the help of following formulas: Target Sale ( Units ) = (Total Fixed Cost + Desired Profit) Weighted Average Contribution Margin Weighted Average Contribution Margin: Weighted Average Contribution Margin is calculated for two products with the help of following formula: W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n = ( C o n t r i b u t i o n m a r g i n o f P r o d u c t A * W e i g h t o f p r o d u c t A ) + ( C o n t r i b u t i o n m a r g i n o f P r o d u c t B * W e i g h t o f p r o d u c t B ) Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula : C o n t r i b u t i o n M a r g i n = S a l e s p r i c e – V a r i a b l e c o s t s 1. To determine: Number of each type of scooters to be sold for breakeven

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Answer 1

Question

Chapter 21, Problem E21.40E

To determine

Concept Introduction:

Breakeven point for two products: Breakeven point is the level of output at which the sales is equal to the total cost and there is no profit or loss. Breakeven point in units for two products together is calculated with the help of following formulas:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d C o s t}{W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n}$

Target sales: Target sale is sale beyond the breakeven level to earn a desired profit. Target sale for two products together is calculated with the help of following formulas:

$Target Sale (Units) = \frac{(Total Fixed Cost + Desired Profit)}{Weighted Average Contribution Margin}$

Weighted Average Contribution Margin: Weighted Average Contribution Margin is calculated for two products with the help of following formula:

$\begin{array}{l} W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n = (C o n t r i b u t i o n m a r g i n o f P r o d u c t A * W e i g h t o f p r o d u c t A) \\ + (C o n t r i b u t i o n m a r g i n o f P r o d u c t B * W e i g h t o f p r o d u c t B) \end{array}$

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

1. To determine: Number of each type of scooters to be sold for breakeven

To determine

2. To determine: Number of each type of scooters to be sold for breakeven to earn a desired profit of $67,500

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CODE 14 On August 1, 2010, Cheryl Newsome established Titus Realty, which completed the following transactions during the month: a. Cheryl Newsome transferred cash from a personal bank account to an account to be used for the business in exchange for capital stock, $25,000. b. Paid rent on office and equipment for the month, $2,750. c. Purchased supplies on account, $950. d. Paid creditor on account, $400. c. Earned sales commissions, receiving cash, $18,100. f. Paid automobile expenses (including rental charge) for month, $1,000, and miscel- laneous expenses, $600. g. Paid office salaries, $2,150. h. Determined that the cost of supplies used was $575. i. Paid dividends, $2,000. REQUIREMENTS: 1. Determine increase - decrease of each account and new balance 2. Prepare 3 F.S: Income statement; Retained Earnings Statement; Balance Sheet Scanned with CamScanner

Assume that TDW Corporation (calendar-year-end) has 2024 taxable income of $952,000 for purposes of computing the §179 expense. The company acquired the following assets during 2024: (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.) Asset Machinery Computer equipment Furniture Total Placed in Service September 12 February 10 April 2 Basis $ 2,270,250 263,325 880,425 $ 3,414,000 b. What is the maximum total depreciation, including §179 expense, that TDW may deduct in 2024 on the assets it placed in service in 2024, assuming no bonus depreciation? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Maximum total depreciation deduction (including §179 expense)

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Answer 2

Question

Chapter 21, Problem E21.40E

To determine

Concept Introduction:

Breakeven point for two products: Breakeven point is the level of output at which the sales is equal to the total cost and there is no profit or loss. Breakeven point in units for two products together is calculated with the help of following formulas:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d C o s t}{W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n}$

Target sales: Target sale is sale beyond the breakeven level to earn a desired profit. Target sale for two products together is calculated with the help of following formulas:

$Target Sale (Units) = \frac{(Total Fixed Cost + Desired Profit)}{Weighted Average Contribution Margin}$

Weighted Average Contribution Margin: Weighted Average Contribution Margin is calculated for two products with the help of following formula:

$\begin{array}{l} W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n = (C o n t r i b u t i o n m a r g i n o f P r o d u c t A * W e i g h t o f p r o d u c t A) \\ + (C o n t r i b u t i o n m a r g i n o f P r o d u c t B * W e i g h t o f p r o d u c t B) \end{array}$

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

1. To determine: Number of each type of scooters to be sold for breakeven

To determine

2. To determine: Number of each type of scooters to be sold for breakeven to earn a desired profit of $67,500

Expert Solution & Answer

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Answer 3

Question

Chapter 21, Problem E21.40E

To determine

Concept Introduction:

Breakeven point for two products: Breakeven point is the level of output at which the sales is equal to the total cost and there is no profit or loss. Breakeven point in units for two products together is calculated with the help of following formulas:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d C o s t}{W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n}$

Target sales: Target sale is sale beyond the breakeven level to earn a desired profit. Target sale for two products together is calculated with the help of following formulas:

$Target Sale (Units) = \frac{(Total Fixed Cost + Desired Profit)}{Weighted Average Contribution Margin}$

Weighted Average Contribution Margin: Weighted Average Contribution Margin is calculated for two products with the help of following formula:

$\begin{array}{l} W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n = (C o n t r i b u t i o n m a r g i n o f P r o d u c t A * W e i g h t o f p r o d u c t A) \\ + (C o n t r i b u t i o n m a r g i n o f P r o d u c t B * W e i g h t o f p r o d u c t B) \end{array}$

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

1. To determine: Number of each type of scooters to be sold for breakeven

To determine

2. To determine: Number of each type of scooters to be sold for breakeven to earn a desired profit of $67,500

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 21, Problem E21.40E

To determine

Concept Introduction:

Breakeven point for two products: Breakeven point is the level of output at which the sales is equal to the total cost and there is no profit or loss. Breakeven point in units for two products together is calculated with the help of following formulas:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d C o s t}{W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n}$

Target sales: Target sale is sale beyond the breakeven level to earn a desired profit. Target sale for two products together is calculated with the help of following formulas:

$Target Sale (Units) = \frac{(Total Fixed Cost + Desired Profit)}{Weighted Average Contribution Margin}$

Weighted Average Contribution Margin: Weighted Average Contribution Margin is calculated for two products with the help of following formula:

$\begin{array}{l} W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n = (C o n t r i b u t i o n m a r g i n o f P r o d u c t A * W e i g h t o f p r o d u c t A) \\ + (C o n t r i b u t i o n m a r g i n o f P r o d u c t B * W e i g h t o f p r o d u c t B) \end{array}$

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

1. To determine: Number of each type of scooters to be sold for breakeven

To determine

2. To determine: Number of each type of scooters to be sold for breakeven to earn a desired profit of $67,500

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 21, Problem E21.40E

To determine

Concept Introduction:

Breakeven point for two products: Breakeven point is the level of output at which the sales is equal to the total cost and there is no profit or loss. Breakeven point in units for two products together is calculated with the help of following formulas:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d C o s t}{W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n}$

Target sales: Target sale is sale beyond the breakeven level to earn a desired profit. Target sale for two products together is calculated with the help of following formulas:

$Target Sale (Units) = \frac{(Total Fixed Cost + Desired Profit)}{Weighted Average Contribution Margin}$

Weighted Average Contribution Margin: Weighted Average Contribution Margin is calculated for two products with the help of following formula:

$\begin{array}{l} W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n = (C o n t r i b u t i o n m a r g i n o f P r o d u c t A * W e i g h t o f p r o d u c t A) \\ + (C o n t r i b u t i o n m a r g i n o f P r o d u c t B * W e i g h t o f p r o d u c t B) \end{array}$

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

1. To determine: Number of each type of scooters to be sold for breakeven

To determine

2. To determine: Number of each type of scooters to be sold for breakeven to earn a desired profit of $67,500

Answer 6

Chapter 21, Problem E21.40E

To determine

Concept Introduction:

Breakeven point for two products: Breakeven point is the level of output at which the sales is equal to the total cost and there is no profit or loss. Breakeven point in units for two products together is calculated with the help of following formulas:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d C o s t}{W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n}$

Target sales: Target sale is sale beyond the breakeven level to earn a desired profit. Target sale for two products together is calculated with the help of following formulas:

$Target Sale (Units) = \frac{(Total Fixed Cost + Desired Profit)}{Weighted Average Contribution Margin}$

Weighted Average Contribution Margin: Weighted Average Contribution Margin is calculated for two products with the help of following formula:

$\begin{array}{l} W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n = (C o n t r i b u t i o n m a r g i n o f P r o d u c t A * W e i g h t o f p r o d u c t A) \\ + (C o n t r i b u t i o n m a r g i n o f P r o d u c t B * W e i g h t o f p r o d u c t B) \end{array}$

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

1. To determine: Number of each type of scooters to be sold for breakeven

Answer 7

Chapter 21, Problem E21.40E

To determine

Concept Introduction:

Breakeven point for two products: Breakeven point is the level of output at which the sales is equal to the total cost and there is no profit or loss. Breakeven point in units for two products together is calculated with the help of following formulas:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d C o s t}{W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n}$

Target sales: Target sale is sale beyond the breakeven level to earn a desired profit. Target sale for two products together is calculated with the help of following formulas:

$Target Sale (Units) = \frac{(Total Fixed Cost + Desired Profit)}{Weighted Average Contribution Margin}$

Weighted Average Contribution Margin: Weighted Average Contribution Margin is calculated for two products with the help of following formula:

$\begin{array}{l} W e i g h t e d A v e r a g e C o n t r i b u t i o n M a r g i n = (C o n t r i b u t i o n m a r g i n o f P r o d u c t A * W e i g h t o f p r o d u c t A) \\ + (C o n t r i b u t i o n m a r g i n o f P r o d u c t B * W e i g h t o f p r o d u c t B) \end{array}$

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

1. To determine: Number of each type of scooters to be sold for breakeven

Answer 8

To determine

2. To determine: Number of each type of scooters to be sold for breakeven to earn a desired profit of $67,500

Answer 9

To determine

2. To determine: Number of each type of scooters to be sold for breakeven to earn a desired profit of $67,500

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 21 - For Frank’s Funky Sounds, straight-line...Ch. 21 - Prob. 2QC Ch. 21 - Prob. 3QC Ch. 21 - Prob. 4QC Ch. 21 - Prob. 5QC Ch. 21 - On a CVP graph, the total cost line intersects the...Ch. 21 - If a company increases its sales price per unit...Ch. 21 - Prob. 8QC Ch. 21 - Prob. 9QC Ch. 21 - Prob. 10QC

2. To determine: Number of each type of scooters to be sold for breakeven to earn a desired profit of $67,500

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