Question
The sales mix percentages for Oriole's Boston and Seattle Divisions are 70% and 30%. The
contribution margin ratios are: Boston (40 % ) and Seattle (30 %). Fixed costs are $2312500.
What is Oriole's break-even point in dollars?
O $6250000.
O $809375.
$7007576
$6607143.
Expand
Transcribed Image Text

The sales mix percentages for Oriole's Boston and Seattle Divisions are 70% and 30%. The contribution margin ratios are: Boston (40 % ) and Seattle (30 %). Fixed costs are $2312500. What is Oriole's break-even point in dollars? O $6250000. O $809375. $7007576 $6607143.

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Accounting

Financial Accounting

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: Margin of Safety The Rachel Company has sales of $500,000, and the break-even point in sales dollars...

A: Margin of safety (MOS) computes the distinction between the real or planned sales and break-even poi...

Q: A Community health clinic's costs are shown below. What is total average cost per patient? 4,824 Pat...

A: Determine variable cost per unit.

Q: how would I find the difference between net operating income if the project is eliminated?

A: Keep or drop decision: Keep or drop decision includes whether a company should keep a product line o...

Q: Valiant Petro products refines crude oil to produce gasoline and kerosene. Joint costs incurred duri...

A: In the above equation, allocation csot for gasoline is calculated by taking total joint cost that is...

Q: Your company opens and starts production this year and has variable costs per unit of $5,674 and sel...

A: Hence, under variable costing the amount of inventory reported is higher as compared to the amount o...

Q: Journal Entries for Payment of Employer Payroll Taxes Jason Chen owns a business called Chen Home Bu...

A: Record journal entry for payment of employee federal income tax, social security and Medicare taxes ...

Q: Prepare Closing Entries Merchandise Inventory 12/31/14 24,000   Common Stock     30,000   Ret...

A: Closing entries: The journal entries prepared to close the temporary accounts to Retained Earnings a...

Q: 3 and 4

A: Note 1: We will answer the first question according to our honor code. Please submit a new question ...

Q: Identify Cost Graphs The following cost graphs illustrate various types of cost behavior: Cost Graph...

A:  a. Total direct material cost- It will be Cost graph four as per the question, because with each ad...

Q: Dividing LLC IncomeMartin Farley and Ashley Clark formed a limited liability company with an operati...

A: a. Determine the division of $148,000 net income for the year.

Q: Estefan’s accounts showed a gross profit for the year of £27,200. After the accounts were prepared i...

A: Gross Profit:  Gross margin is the amount of revenue earned from goods sold over the costs incurred ...

Q: Kingbird Company uses a periodic inventory system. For April, when the company sold 470 units, the f...

A: Inventory Valuation:"LIFO" stands for last-in, first-out, meaning that the recently purchased invent...

Q: company's inventory records report the following in November of the current year:        Beginn...

A: Under LIFO inventory system, the goods received last are despatched first. Gross Profit is computed ...

Q: Susan is a single taxpayer, 26 years of age, with AGI of $28,000 and no tax-exempt income. She did n...

A: As per IRS it is mandatory to file 1040 form if the income earned in year 2018 is $12,000 or more fo...

Q: At the end of the year, a company reports a balance in its Allowance for Uncollectible Accounts of $...

A: Allowance for Doubtful Accounts: This is a contra asset account to the Accounts Receivables account ...

Q: Marten Corp. has a limited number of machine hours available to produce its three products A11, B22,...

A: Calculate the contribution margin.

Q: 1. Homework Chapter 10

A: Dividends:This is the amount of cash distributed to stockholders by a company out its earnings, acco...

Q: how do you calculate the net income

A: Revenues: Revenues are earnings from operations of a business. The operating activities are sale of ...

Q: A physical inventory of Liverpool Company taken at December 31 reveals the following.          Pe...

A: Hence, $324,136 is total amount of cost or market whichever is lower

Q: E9.14B (L0 4) (Gross Profit Method) Wineview Company lost most of its inventory in a fire in Decembe...

A: loss due to fire issn abnormal loss which needs to be sepertely disclosed in order to understand the...

Q: Please tell if the following are Assets, liabilities, or equity 1) accounts receivable 2) Smith, cap...

A: Balance sheet is a financial statement that depicts the value of assets, liabilities and capital as ...

Q: The normal selling price of an inventory/stock item is £21 per unit. The item originally cost £15 pe...

A: Lower-of-cost-or-market value: The lower-of-cost-or-market value is a method which requires the repo...

Q: Question pinned below

A: Calculate the ending balance of retained earnings:

Q: Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurant...

A: Contribution margin is calculated by subtracting variable expenses from the sales revenue of a compa...

Q: Number 6 Tasty Time Cafeteria operates cafeteria food services in public buildings in the Midwest. T...

A: Requirement A: Compute the degree of operating leverage of Tasty Time Cafeteria for both personnel s...

Q: Listed below are five procedures followed by Gilmore Company.Indicate whether each procedure is an e...

A: Internal Control System: An internal control system is a process of assuring the organizational obje...

Q: Schwer, Inc. issued $500,000 of 10%, 15-year bonds at 95 on July 1, 2012. Interest is payable semian...

A: Bonds may be issued at discount when the interest on the bonds is higher than the market interest ra...

Q: The dollar-value LIFO method was adopted by Windsor Corp. on January 1, 2017. Its inventory on that ...

A: Calculation of amount of the inventory at December 31, 2017, under the dollar-value LIFO method: Thu...

Q: Yolanda is a cash basis taxpayer with the following transactions during the year: Cash receiv...

A: Business income:The income that is realized from the result of business activity is referred to as t...

Q: Why is the purchase journal used for journalizing the purchase of merchandise for resale on account ...

A: Purchase journal is a separate book kept in the company to maintain and track the information of pur...

Q: Accounting Question

A: Per unit/per machine hour variable cost that is $7 is ascertained by dividing the difference of high...

Q: Swifty Inc manufactures model airplanes and repair kits. The planes account for 90% of the sales mix...

A: Compute total contribution margin using sales mix for the two products as shown below:

Q: Accounting Question

A: Inventory for Caleres if it would have used FIFO in 2015 = $546,745 + $4,094= $550,839.Inventory for...

Q: In the chapter of Statement of Cash Flows. There is a question asks for - "Identify how each transac...

A: Cash flow statement:The cash flow statement shows the movement of cash during a particular period. T...

Q: In Problem 5-5 if the numbers where changed to this.    Top Company holds 90 percent of Bottom Comp...

A: In order to consolidate, the intercompany sales and cost of goods sold must be eliminated.

Q: On March 1, the Garner Corporation borrowed $75,000 from the First Bank of Midlothian on a 1-year, 5...

A: Calculate interest expense:Interest expense = Notes payable * Interest rate * Time periodInterest ex...

Q: If Morton Company expects to sell VCR's at $100 a unit with variable costs of $60 per unit and DVD's...

A: Definition of Weighted Average Contribution Margin:Average contribution margin that is weighted to r...

Q: Number 5 Birchfield Company reports the following operating results for the month of February: sales...

A: The above-prepared statement is the income statement which the company will prepare without taking a...

Q: Brief Exercise 7-06 The cash register tape for Larkspur Industries reported sales of $10,169.80.Rec...

A: Prepare the journal entries:

Q: Record the January 1 credit balance of $54,200 in a T account for Allowance for Doubtful Accounts.

A: Allowance for Doubtful Accounts:This is a contra asset account to the Accounts Receivables account t...

Q: Barkley Company sells two products, red cups and black mugs. Barkley predicts that it will sell 2,00...

A: Weighted average contribution margin:The weighted average contribution margin is the average contrib...

Q: The net income reported on the income statement for the current year was $128,000. Depreciation reco...

A: Click to see the answer

Q: Notes Payable Renchen Company, which manufactures steel tubing and casing for automobile production,...

A: 1. prepare the journal entry to record the borrowing transaction:

Q: The Sunshine Company has the following data in connection with its bankruptcy petition with the Secu...

A: Click to see the answer

Q: My text book is  Hospitality Industry Financial Accounting (4th edition). I am in chapter 10 -- INVE...

A: Weighted average method helps in valuation of stock and decides the average cost of stock based on t...

Q: Question is pinned below

A: b) Journalize the entries using the perpetual inventory system:

Q: Equivalent Units of Production The following information concerns production in the Baking Departmen...

A: a. Number of units in work in process inventory at March 31.

Q: Munoz Corporation incurs the following annual fixed costs: Item Cost $ 62,000 Depreciation Officers'...

A: In order to compute the fixed cost per unit, the total annual fixed cost needs to be determined. The...

Q: What financial statement are the following posted on? 1) Net cash flows from operations 2) Sales 3) ...

A: Financial Statements are reports that convey the business activities and financial performance of th...

Q: Danube, Toggle, and ConnectOn rely on various intangible assets to operate their businesses. These c...

A: Determine the impact of amortization on company\'s income from operation in the current year.