A firm uses simple linear regression to forecast the costs for its main product line. If fixed costs are equal to $235,000 and variable costs are $10 per​ unit, how many units does it need to sell at $15 per unit to make a $300,000 ​profit?

Q: Suppose Morrison Corp.'s breakeven point is revenues of $1,100,000. Fixed costs are $660,000. 1.…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

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Q: Suppose Morrison Corp.’s breakeven point is revenues of $1,100,000. Fixed costs are $660,000. Q1.…

A: 1. Compute the contribution margin percentage.

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Q: Assume the selling price per unit is $30, the contribution margin ratio is 40%, and thetotal fixed…

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Q: The total fixed costs are $1,500,000 and the unit variable costs are $200,000. If the company…

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Q: A firm uses simple linear regression to forecast the costs for its main product line. If fixed costs…

A: Identify total cost equation.

Q: Suppose a company has fixed costs of $300 and variable 3 costs of x x+1460 dollars per unit, 4 where…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: 2. Cambridge Manufacturing is evaluating the introduction of a new product that would have a unit…

A: Break-even point(BEP)-A business's break-even point is the stage at which its revenues from sales…

Q: Miko Firm is assessing its cost structure. It has P680,000 in fixed operating costs, P5.80 in…

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Q: Reynold's Company has a product with fixed costs of $261,000, a unit selling price of $23, and unit…

A: Break even sales (units) = Fixed costs/Contribution margin per unit Contribution margin per unit =…

Q: NUBD is planning to sell 100,000 units of Product Excellence for P12 per unit. The fixed costs ratio…

A: Total sales value=100000*12=1200000 Fixed cost=1200000*25%=300000

Q: A firm expects to sell 25,400 units of its product at $14 per unit. Income is predicted to be…

A: A constant cost is something that does not change in response to activities. It must be paid on a…

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Q: Skyline Corp. has a selling price of $30 per unit, variable costs of $22 per unit, and fixed costs…

A: Solution: Breakeven sales units = Fixed costs / CM per unit = $46,400 / ($30 - $22) = 5800 units

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A: Analysis: As per Marginal costing, Margin of safety is the difference between Total sales Amount and…

Q: A company has return on sales of 15% at sales of $400,000. Its fixed cost are $90,000; variable…

A: Solution..   Return on sales = 15%  Sales = $400,000  Fixed cost = $90,000  Variable cost = $25 per…

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Q: PJS Seating Company, a manufacturer of chair, had the following data for 2020. Sales 2,400 units…

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Q: Company XYZ is currently producing and selling 20,000 units. The selling price per unit is $10 while…

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Q: Company XYZ is currently producing and selling 20,000 units. The selling price per unit is $7 while…

A: It is pertinent to note that margin of safety is the additional sales made by the entity over and…

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Q: 1) What level of output would generate a profit of $15,000 if a product sells for $24.99, has unit…

A: The total output is the total production that is produced by the organization for the purpose of…

Q: 3. A company has return on sales of 20%, income of $50,000, selling price of $10, and a contribution…

A: Solution..   Income = $50,000  Return on sales = 20%  Contribution margin ratio = 40%  Selling price…

Q: A firm expects to sell 25,000 units of its product at $11 per unit. Pretax income is predicted to be…

A: Formulas Used: Sales - variable cost = Contribution Contribution - Fixed cost = Profit Therefore…

Q: If fixed costs are $ 500,000, the unit selling price is $55, and the unit variable costs are $30,…

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Q: Currently, the unit selling price of a product is $1,500, the unit variable cost is $1,200, and the…

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Q: Here are the following data for Al-Nisour Company, as follows: The variable unit costs of 3.5…

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Q: Refer to Value Pro. In the upcoming year, Value Pro estimates that it will produce and sell 4,000…

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Q: A company needs to sell 10,000 units of its only product in order to break even. Fixed costs are…

A: The correct answer is Option (2).

Q: Solomon company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If…

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Q: You have been provided with the following information regarding the XYZ company Selling Price…

A: Hi student Since there are multiple subparts, we will answer only three subparts that are 5,6 and 7.…

Q: If fixed costs are $1,226,000, the unit selling price is $220, and the unit variable costs are $100,…

A:

Q: Determine the margin of safety in dollars.  e. If the company wants to have net income of $70,000,…

A: The margin of safety: The margin of safety of a company measures how much more it produces than it’s…