QUESTION 12 Indiana Bones, Inc., produces and sells 2,000 units of a single product, a deluxe dog house: Selling price per unit Variable cost per unit Annual fixed cost What is the company's breakeven point in sales dollars? Round your answer to the nearest whole dollar. Click Save and Submit to save and submit. Click Save All Answers to save all answers. $5,000 $1,000 $500,000

QUESTION 12 Indiana Bones, Inc., produces and sells 2,000 units of a single product, a deluxe dog house: Selling price per unit Variable cost per unit Annual fixed cost What is the company's breakeven point in sales dollars? Round your answer to the nearest whole dollar. Click Save and Submit to save and submit. Click Save All Answers to save all answers. $5,000 $1,000 $500,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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27 Computing breakeven sales No-Slip Co. produces sports socks. The company has fixed costs of $91,080 and variable costs of $0.81 per package. Each package sells for $1.80. Requirements 1. Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.) 2. Find the breakeven point in units and in dollars using the contribution margin approach.
8. Company XYZ is a car navigation system manufacturer. The company sells each unit for $ 400. The variable manufacturing cost per unit is $ 100 while the variable selling and administrative cost per unit is $ 50. The fixed manufacturing cost is $ 4,000 while the fixed selling and administrative cost is $ 6,000. Calculate the number of units needed to achieve an operating profit of $ 8,000. (round to the nearest number) ?
Question 2: Zeroll Ice Cream company produces and sells premium ice cream cones in Coles supermarkets. The following table shows selling price and cost information of ice cream cones: Price per cone: $ 5.00 Variable cost per cone:Ingredients $1.35Direct labour $0.45Overhead $0.20Fixed cost per month $3,000Required: a. Calculate the breakeven point in units and in dollars. Click or tap here to enter text.b. The company’s general director has determined a target profit of $6,000 for next year. Given the price and cost information above, what are the required sales in units and in dollars for the company to achieve this target? Click or tap here to enter text.c. Calculate Zeroll’s new break-even point (in units and in dollars) for each of the following independent scenarios:  Selling price decreases by $0.50 per cone. Click or tap here to enter text. Fixed costs decrease by $300 per month. Click or tap here to enter text. Variable costs increase by $0.50 per cone Click or tap here to…
A firm makes two products, Alpha and Beta. Alpha Beta Sales price per unit $7.00 $10.00 Variable cost per unit $4.00 $8.00 Demand 5,000 4,000 Machine hours used 5 2 The total available machine hours is 10,000. How many of Alpha should be in the product mix to maximize the profit?
ames Jim Inc. produces the following three products: T-Shirts Hats Sweatshirts Selling price per unit $40 $16 $50 Less: Variable costs per unit - 28 - 12 - 30 Contribution per unit $12 $ 4 $20 Fixed costs are $77,000 per year. All sales: 50% of all sales in units are T-Shirts, 30% are Hats, and 20% are Sweatshirts. Required: Calculate the following values: SHOW ALL CALCULATIONS. ROUND EACH NUMBER TO TWO (2) DECIMAL PLACES. A. Break-even point in total units B. Number of T-shirts that will be sold at break-even C. Total sales in units to obtain a before-tax profit of $22,400
Question 5 Micol & Co. Ltd sells a single product, baby hamper, with a selling price of $150 and variable costs per baby hamper of $100. The company’s monthly fixed expenses are $200,000. Required: a) What is the company’s break-even point in units? b) What is the company’s margin of safety in dollars, assume sales is expected to be $800,000? c) How many baby hampers will Micol & Co. Ltd need to sell (in sales dollars) in order to realize a target profit of $500,000? d) Construct a contribution margin income statement for the first month (in July) that reflects $2,400,000 in sales revenue for Micol & Co. Ltd. e) Provide two suggestions to Micol & Co. Ltd on how it can increase profit in subsequent months? SHOW YOUR WORKING
H7. Home Run Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $188,000, and the sales mix is 80% bats and 20% gloves. The unit selling price and the unit variable cost for each product are as follows: ProductsUnit Selling PriceUnit Variable CostBats$60 $50 Gloves150 90 a. Compute the break-even sales (units) for the overall product, E. fill in the blank 1 units b. How many units of each product, baseball bats and baseball gloves, would be sold at the break-even point? Baseball batsfill in the blank 2 unitsBaseball glovesfill in the blank 3 units
Question 9Company J sells a product in two models. The basic model has a contribution margin per unit of $5. The deluxe model has a CM per unit of $12. Total fixed costs for the year are $100,000. Which of the following sales mixes can Company J sell to break even? Basic model: 8,000 units; deluxe model: 4,500 units Basic model: 8,000 units; deluxe model: 5,000 units Basic model: 7,500 units; deluxe model: 5,000 units Basic model: 7,700 units; deluxe model: 5,200 units
Required: Juniper Enterprises sells handmade clocks. Its variable cost per clock is $6.80, and each clock sells for $17. Calculate Juniper’s contribution margin per unit and contribution margin ratio. If the company’s fixed costs total $8,058, determine how many clocks Juniper must sell to break even. Note: Round your "Unit Contribution Margin" answer to 2 decimal places.
Question 9 options: With the following information, answer the following questions using the specified format (For example: 1000 units) A company buys 10,000 units of product A.The order cost for this product is $100.00 and its annual carrying cost per unit is $1.20. The company also buys 200,000 units of product B. In this case, the order cost is $75.00 and it's annual carrying cost is $0.75. The EOQ for product A is _____. With the following information, answer the following questions in the specified format (For example: 1000 units) A company buys 10,000 units of product A.The order cost for this product is $100.00 and its annual carrying cost per unit is $1.20. The company also buys 200,000 units of product B. In this case, the order cost is $75.00 and it's annual carrying cost is $0.75. The EOQ for product B is _____.
Q3The Fresno Company manufactures slippers and sells them at $13 a pair. Variable manufacturing cost is $6.50 a pair, and allocated fixed manufacturing cost is $2.00 a pair. It has enough idle capacity available to accept a one-time-only special order of 5,000 pairs of slippers at $8.50 a pair. Fresno will not incur any marketing costs as a result of the special order. What is the amount of increase in operating income if the special order is accepted?
Plz solve correctly. An automotive supply store sells a product that has a demand of 400 units per month. Its supplier charges an ordering cost of $60 per order and $25 per unit with a 20% discount for orders of 250 units or higher. The store incurs a 20% annual holding cost. What is the store’s total annual cost (purchasing, ordering, and holding) if it orders at a quantity of 300 units? a. $121,560 b. $96,000 c. $120,000 d. $97,560