Stay Handy company is a large company providing door to door delivery service for groceries and other daily need items. In the most recent year, company had 60 million members, through which provided it a revenue of $33,347 in the most recent year. The details relating to Costs and expenses for the year were as follows: Particulars Amount (S in millions) Cost of revenue Selling, general, and administrative expenses Depreciation and amortization 14,958 7,994 8,150 Form the total cost of revenue 30% was fixed and the selling, general and administrative expenses are fixed to the extent of 70% to the number of members. How many memberships does the company need to break-even? (All interim calculations and final answers should be rounded off to one decimal place) (A 51.2 million (B) 53.4 million (C) 54.3 million (D) 52.1 million

Stay Handy company is a large company providing door to door delivery service for groceries and other daily need items. In the most recent year, company had 60 million members, through which provided it a revenue of $33,347 in the most recent year. The details relating to Costs and expenses for the year were as follows: Particulars Amount (S in millions) Cost of revenue Selling, general, and administrative expenses Depreciation and amortization 14,958 7,994 8,150 Form the total cost of revenue 30% was fixed and the selling, general and administrative expenses are fixed to the extent of 70% to the number of members. How many memberships does the company need to break-even? (All interim calculations and final answers should be rounded off to one decimal place) (A 51.2 million (B) 53.4 million (C) 54.3 million (D) 52.1 million

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
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Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.
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Stay Handy company is a large company providing door to door delivery service forgroceries and other daily need items. In the most recent year, company had 60 millionmembers, through which provided it a revenue of $33,347 in the most recent year. Thedetails relating to Costs and expenses for the year were as follows:ParticularsCost of revenueSelling, general, and administrative expensesDepreciation and amortizationAmount (S in millions)§14 958S§7 9948,150Form the total cost of revenue 30% was fixed and the selling, general and administrativeexpenses are fixed to the extent of 70% to the number of members. How manymemberships does the company need to break-even? (All interim calculations and finalanswers should be rounded off to one decimal place)
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