e 1:19 I %AV h.E Opm.pdf >A) Tee Times, Inc., produces and sells the finest quality golf clubs in all of Clay County. The companyexpects the following revenues and costs in 2003 for its Elite Quality golf club sets:Revenues (400 sets sold @ $600 per set) $240,000Variable costs 160,000Fixed costs 50,0001. How many sets of clubs must be sold for Tee Times, Inc., to reach their breakeven point?a. 400b. 250с. 200d. 1502. How many sets of clubs must be sold to earn a target operating income of $90,000?a. 700b. 500c. 400d. 3003. What amount of sales must Tee Times, Inc., have to earn a target net income of $63,000 if they havea tax rate of 30%?a. $489,000b. $429,000c. $420,000d. $300,000B) The Beta Mu Omega Chi (BMOC) fraternity is looking to contract with a local band to perform atits annual mixer. If BMOC expects to sell 250 tickets to the mixer at $10 each, which of the followingarrangements with the band will be in the best interest of the fraternity?a. $2500 fixed feeb. $1000 fixed fee plus $5 per person attendingc. S10 per person attendingd. $25 per couple attending

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A) Tee Times, Inc., produces and sells the finest quality golf clubs in all of Clay County. The company expects the following revenues and costs in 2003 for its Elite Quality golf club sets: Revenues (400 sets sold @ $600 per set) $240,000 Variable costs 160,000 Fixed costs 50,000 1. How many sets of clubs must be sokd for Tee Times, Inc., to reach their breakeven point? a. 400 b. 250 c. 200 d. 150

A) Tee Times, Inc., produces and sells the finest quality golf clubs in all of Clay County. The company expects the following revenues and costs in 2003 for its Elite Quality golf club sets: Revenues (400 sets sold @ $600 per set) $240,000 Variable costs 160,000 Fixed costs 50,000 1. How many sets of clubs must be sokd for Tee Times, Inc., to reach their breakeven point? a. 400 b. 250 c. 200 d. 150

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter10: Accounting Systems For Manufacturing Operations

Section: Chapter Questions

Problem 10.5.2P: Flow of costs and income statement R-Tunes Inc. is in the business of developing, promoting, and...

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