guests.Select the graph that depicting fixed costs, variable costs, and total costs for each event versus the number of guests.(Enlarge each graph before selecting your answer.)A.$55,000+$50,000-$45,000$40,000X$20,000-$15,000$10,000-$5,000$00Total costsVariable cosFixed costs100 200 300Number of attendeesB.$55,000+$50,000$45,000-$40,000$35,000O $25,000$20,000-$15,000$10,000$5,000-$0+0→For 130 attendees, the total cost will beTotal costsFiked costsvariable cos100 200 300Number of attendees8$55,000+$50,000$45,000-$40,000$35.000$30,000$25,000$20,000-9$15,000$10,000$5,000$0-Total setsEiked costsVariable cos100 200 3000Number of attendeesD.and the cost per attendee will be$55,000+$50,000$45,000-2283000$25.000$20.000$15.000-$10,000-$5,000$0Requirement 2. Suppose 130 persons attend the next event. What is Apprentice Training's total net cost and the costper attendee? (Round your answers to the nearest cent.)TotabootsVariableFixed costs0 100 200 300Number of attendees

The total cost concept in business refers to the sum of all the costs incurred in producing and…

Answered: (Enlarge each graph before selecting…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.16E

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Company XYZ has $2,500,000 in fixed costs. It sells products at an average selling price of $50.Average variable costs amount to 60% of selling price. The marketing department proposesspending $500,000 on an advertising campaign which will result in increased volume ofbetween 10,000 and 30,000 units.Determine:1.Breakeven volume before the proposed ad campaign2. Breakeven volume if ad campaign undertaken3. Minimum and maximum incremental profit if ad campaign undertaken4. Would you support the proposal? Why or why not?5. Unit volume to achieve an operating profit of $800,000 assuming the ad campaign isundertakenOperating income at unit volume of 200,000 units assuming ad campaign is undertaken7. Margin of safety assuming volume of 200,000 units is achieved and ad campaignundertaken8. Incremental operating income if an additional 1,000 units are sold can you please review and answer questions 4-8?
A responsibility center's contribution margin ratio is 40%, and its common fixed costs are currently $100,000. If the center's sales increase by $300,000 and its common fixed costs increase by $20,000, its responsibility margin will increase by $_? -Why is the answer $100,000?
Spruce Enterprises anticipates fixed costs of $25,000. Variable costs and expenses are expected to be 60% of sales. The president has asked you to develop a worksheet to calculate sales needed to break even and sales needed to achieve any desired net income (file name DESNI). Your worksheet should include a Data Section that contains fixed costs, desired net income, and variable costs as a percentage of sales. Assume as initial input for your model that the company wishes to achieve a net income of $10,000.
a. Imelda Company budgets sales of $850,000, fixed costs of $19,100, and variable costs of $85,000. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.)fill in the blank 1 % b. If the contribution margin ratio for Peppa Company is 35%, sales were $630,000, and fixed costs were $154,350, what was the income from operations?$fill in the blank 2
Please help out with the question below. Thanks! Zephram Corporation has a plant capacity of 200,000 units per month. Unit costs at capacity are: Direct materials $4.00 Direct labor 6.00 Variable overhead 3.00 Fixed overhead 1.00 Marketingfixed 7.00 Marketing/distributionvariable 3.60Current monthly sales are 190,000 units at $30.00 each. Santo, Inc., has contacted Zephram Corporation about purchasing 20,000 units at $24.00 each. Assume that all of Zephram's costs would be at the same levels and rates as above. If Zephram accepts this offer, it will have to reject some regular business from regular customers so as not to exceed capacity. If they accept the special order, how much will operating income change?
A company is negotiating with a potential supplier for the purchase of 100,000 widgets. The company estimates that the supplier’s variable costs are $5 per unit andthat the fixed costs, depreciation, overhead, and so on, are $50,000. The supplierquotes a price of $10 per unit. Calculate the estimated average cost per unit. do youthink $10 is too much to pay? Could the purchasing department negotiate a betterprice? How?
QRC Company is trying to decide which one of two alternatives it will accept. The costs and revenues associated with each alternative are listed below: Alternative A Alternative B Projected revenue $ 125,000 $ 150,000 Unit-level costs 25,000 36,000 Batch-level costs 12,500 24,000 Product-level costs 15,000 17,000 Facility-level costs 10,000 12,500 What is the differential revenue for this decision? Multiple Choice $50,000 $25,000 $125,000 $150,000
The management estimates that the following costs and activity would be associated with the manufacture and sale of product XYZ: Number of units sold annually→20,000; Required investment in assets→₱400,000; Unit product cost→₱25.00; Selling, general and administrative expenses→₱130,000. It the company uses the absorption costing approach to cost-plus pricing where the desired rate of return on investment (ROI) is 15% and the tax rate is 30%, the required mark-up would be closest to? a. 12% b. 15% c. 36% d. 43%
Company XYZ has $2,500,000 in fixed costs. It sells products at an average selling price of $50. Average variable costs amount to 60% of selling price. The marketing department proposes spending $500,000 on an advertising campaign which will result in increased volume of between 10,000 and 30,000 units. Determine: Breakeven volume before the proposed ad campaign Breakeven volume if ad campaign undertaken Minimum and maximum incremental profit if ad campaign undertaken Would you support the proposal? Why or why not? Unit volume to achieve an operating profit of $800,000 assuming the ad campaign is undertaken Operating income at unit volume of 200,000 units assuming ad campaign is undertaken Margin of safety assuming volume of 200,000 units is achieved and ad campaign undertaken Incremental operating income if an additional 1,000 units are sold
Given below are two independent scenarios: a. Dream Co. has budgeted sales of $500,000, fixed costs are $240,000, and variable costs are $375,000. What is its contribution margin ratio? Enter the percentage amount as a whole number (for example, enter 10% as "10").fill in the blank 1 % b. Pearl Company has sales of $825,000, variable costs are 30% of sales, and fixed costs are $360,000. What is its operating profit?$fill in the blank 2
Suppose that a company is spending 60,000 per year for inspecting, 30,000 for purchasing, and 40,000 for reworking products. A good estimate of nonvalue-added costs would be a. 70,000. b. 130,000. c. 40,000. d. 90,000. e. 100,000.
please solve the sub-parts to be solved. thanks Ziggy Creations makes and sells a single product. Individual product details are as follows: Selling price $ 45 Direct materials $20 Direct labour $10 Fixed Costs $480 000 Estimated sales 36 000 units Production capacity 40 000 units d) If Ziggy’s required a profit of $90 000, what level of sales dollars would be required? e) Variable costs are to increase by $5 per unit. If Ziggy’s wants to maintain a profit of $90,000, what will be the required sales volume? Can Ziggy’s achieve this new estimated sales volume?

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