• Price per unit: $10. Variable cost per unit: $7. Fixed costs: $1,500Given these data, compute the BREAKEVEN number of UNITS.O 150 units88 unitsO 500 units612 units214 units

Break even point: It is the point where the total revenues and total expenses are equal, units in…

Answered: per -Variable cost per unit: $7 Fixed…

Business

Accounting

per -Variable cost per unit: $7 Fixed costs: $1,500 iven these data, compute the BREAKEVEN numb O150 units

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2BE: Contribution margin Waite Company sells 250,000 units at 120 per unit. Variable costs are 78 per...

See similar textbooks

Related questions

Q: As interest is recorded on an interest-bearing note, the Interest Expense account is a.…

A: The note payable is recorded as liabilities on the balance sheet. The interest payable represents…

Q: Neil and Dylan are partners in a lawn mower repair business in Ohio. While Neil is on vacation…

A: As the work performed for his sister's neighbor is similar to the work which is usually performed by…

Q: On January 1, Portillo, Incorporated lends a corporate customer $96,000 at 5% interest. The amount…

A: Given, Amount given = $ 96,000 Interest = 5% p.a. Amount given on = January 1 Amount of…

Q: PR 4-4A Ledger accou and closing entries; optional spreadsheet The unadjusted trial balance of…

A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

Q: Using WACC, ignoring taxes, compute the cost of capital of a company with debt ratio of 0.75:1 and…

A: Debt ratio = 0.75 Equity ratio = 1-0.75 = 0.25 Debt cost = 4% Equity cost = 5%

Q: es Last month when Holiday Creations, Incorporated, sold 41,000 units, total sales were $164,000,…

A: Given information, Units sold =41,000 Total sales =$164,000 Total variable expenses =$137,760 Fixed…

Q: At a total cost of $6,950,000, Herrera Corporation acquired 229,500 shares of Tran Corp. common…

A: Associate Company: When referring to one company in relation to another, the term "associate…

Q: Ramona Company reported the following data. Price per unit = $10 Sales price ➜ Variable cost per…

A: Introduction: Net income: Net income is shown in income statement. Deduction of expenses from…

Q: 2

A: Allowance for doubtful accounts - Allowances is the provision made by the company to uncollectible…

Q: Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. Th…

A: Introduction: A journal entry is a record of a business deal in the accounting system of the…

Q: Zannel plc is considering a new project to produce a revolutionary surveillance device. The initial…

A: NPV (Net Present Value) represents the difference between the present value of future expected cash…

Q: You should accept a project when the ?: net present value is negative. profitability index is…

A: Ans is (2) and (4) Because Company should accept the project when Net present value is Positive. PI…

Q: There are 2 workers in one of companies, the company has determine the normal work hours by 8 hours…

A: Direct wages refer to the wages paid to the workers who are directly responsible for manufacturing…

Q: A selection of account balance from blue corp. are listed below. All balances are as of December…

A: The gross profit ratio refers to the ratio which reflects the capability of a company to generate…

Q: Valley Designs issued a 90-day, 10% note for $48,000, dated April 22, to Bork Furniture Company on…

A: A journal entry is used to reflect a business deal in a company's accounting records. A journal…

Q: nstructions structions urnalize the entries to record the following selected bond investment…

A: Loss on sale of investments = $2784 = $139200/100 × 98 + $348 = $136764 sold Value ( $139200…

Q: Encik Amir, the owner of Smart Trading, has given to you the following balances taken from his…

A: In the context of the given question, we are required to identify the value to be recorded on 31…

Q: CleanScene Shampoo Manufacturer is in the business of producing shampoo for colour treated hair.…

A: Here discuss about the details of performance report and different type of project which are…

Q: Please provide supporting notes to financial statements

A: Supporting notes are the notes which are provided by the company so that the financial statements…

Q: what was the overhead absorption rate per hour

A: Overhead Absorption Rate :— It is the predetermined Overhead Rate at which Overhead cost is assigned…

Q: 31. Abel and Carr formed a partnership and agreed to divide initial capital equally, even though…

A: A partnership is a form of business where two or more people share ownership, as well as the…

Q: What lump sum investment will grow to $58, The lump sum $ invested at 6%, compounded annually, grows…

A: Here discuss about the details of the calculation of compound interest which are calculated in…

Q: The partnership run by Evans, Fitch, and Gaul has a complicated profit-and-loss sharing arrangement.…

A: Calculation of Amount of Net Income Allocated to Gault Evans Fitch Gault Total…

Q: ing 2021, Gamma Ltd discovered that some of their products sold during ember 2020 at R6 500. Assume…

A: Financial statements refers to the written documents of a company that reflects the financial…

Q: There are 2 workers in one of companies, the company has determine the normal work hours by 8 hours…

A: Given that actual hours available is 8 hrs Total wage rate for normal hours is for 3 days is = 24…

Q: RUE BENNETT Company develops software for small businesses and household computers. The majority of…

A: Note: Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW. I WILL UPVOTE. THANK YOU Receivables…

A: Answer:- Receivables turnover meaning:- Receivables turnover ratio is basically an accounting…

Q: An asset used in a four-year project falls in the five-year MACRS class (MACRS schedule) for tax…

A: After-Tax Salvage Value: After-Tax Salvage Value The price at which an item is sold is considered to…

Q: The Harrison Bicycle Company had the following operating results for 2021-2022. In addition, the…

A: Cash flow statement is very important as it gives company a clear picture about its cash…

Q: 5.1 Prepare a performance report for CleanScene Shampoo Manufacturer for the year ended 28 February…

A: Computation of cost per unit Description Budget 25,000 Bottles Budget 40,000 Bottles…

Q: The par value of ordinary share represents The liquidation value of the share •The book value of the…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Financial Self-Interest Threa

A: A threat is a situation when an auditor depends upon the client for the huge fees and has a direct…

Q: Which of the following is an advantage of forming a corporation? Question 6 options: Easy to…

A: Being a corporation has a number of benefits, such as less personal liability, simple ownership…

Q: The stockholders' equity accounts of Marigold Corp. on January 1, 2022, were as follows. Preferred…

A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

Q: Required information PA9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three…

A: Depreciation refers to an accounting method used to allocate the cost of a tangible assets over its…

Q: PART 1: Nomad Corporation (a calendar year, accrual basis taxpayer) had the following transactions…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Firm X is considering the replacement of an old machine with one that has a purchase price of…

A: Cash outflow for a new machine can be calculated by deducting the sum of tax savings on loss on the…

Q: Required information [The following information applies to the questions displayed below.] Ron and…

A: tax is an amount that is charged by the government from the individuals and the organizations on the…

Q: whereby a customer who purchases three boxes of chocolates at P200 per box in a single transaction…

A: A.4,000,000 B.7,20,000 3x +.75x =60,000 x = 16,000 So .75 x 16,000 = 12,000 ×200

Q: Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance…

A: The closing entries are prepared at year end to close the temporary accounts of the business…

Q: Capital balances and profit-sharing percentages for the partnership of Manda, Emeril, and Fotenot on…

A: Partnership: Its an agreement between two or more partners for forming a a business and sharing the…

Q: What factors Influence the spending behavior of the different sectors of the economy? How do…

A: The following are some factors influencing how individuals in various economic sectors will spend…

Q: Throughout this course we have discussed market entry strategies, i) trading entry strategies, and…

A: Market entry is the strategy made by traders and investors to enter the market to earn profits and…

Q: The Sleep Company had the following operating results for 2021-2022. In addition, the company paid…

A: Gross margin: Difference between the sales and the cost of goods sold is called gross margin. The…

Q: i. ii. iii. iv. February 1. Signed a 60-day, 10% note, $5,000.00. R80. April 2. Paid cash for the…

A: General Journal It is the book where the business transactions are recorded at first, to prepare the…

Q: Step 1: You are provided data on costs related to alternative of using neighboring factory off-time…

A: Thre are fwo types of cost in any industry one is the fixed cost and the othwr is the variable cost.…

Q: Prepare a statement of stockholders' equity for Al-Can Products, Inc. Navigate to the Stockholders'…

A: A company's ownership stake or shareholders' equity value varies during the course of an accounting…

Q: The actors of the monetary policy process includes the central bank, commercial banks, depositors,…

A: Monetary Policy: Monetary policy refers to the process of controlling the amount of money that is…

Q: Accrued wage for second worker

A: The total accrued wage is calculated by adding the normal wage amount and the overtime wage amount.…

Q: Determine the net income (loss) for the period.

A: At the year end, all the revenues are transferred to the credit side of the Profit & Loss A/c…

Question

• Price per unit: $10
. Variable cost per unit: $7
. Fixed costs: $1,500
Given these data, compute the BREAKEVEN number of UNITS.
O 150 units
88 units
O 500 units
612 units
214 units

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Lotts Company produces and sells one product. The selling price is 10, and the unit variable cost is 6. Total fixed cost is 10,000. Required: 1. Prepare a CVP graph with Units Sold as the horizontal axis and Dollars as the vertical axis. Label the break-even point on the horizontal axis. 2. Prepare CVP graphs for each of the following independent scenarios: (a) Fixed cost increases by 5,000, (b) Unit variable cost increases to 7, (c) Unit selling price increases to 12, and (d) Fixed cost increases by 5,000 and unit variable cost is 7.
A companys product sells for $150 and has variable costs of $60 associated with the product. What is its contribution margin per unit? A. $40 B. $60 C. $90 D. $150
A companys product sells for $150 and has variable costs of $60 associated with the product. What is its contribution margin ratio? A.10% B.40% C. 60% D. 90%
Suppose that a company has fixed costs of $11 per unit and variable costs $6 per unit when 11,000 units are produced. What are the fixed costs per unit when 20,000 units are produced?
Jester Company had unit contribution margin on 3.60 and fixed costs of 29,664. Income was 2,520. What was the margin of safety in units? a. 630 b. 700 c. 8,940 d. 7,540
Please answer quicklyX product; total sales quantity is 25, unit sales price is 1600 TL, unit variable expense is 1000 TL. (Total fixed expenses 120.000TL)What is the 'break-even point' of X according to uniform production? 2310143019
Total Variable cost is 560,000 OMR total units sold is 7000 units, total fixed cost is 160000 OMR,describe the production costs in the equation form Y = f + vX. Select one: a. Y = 160000 + 40X b. Y = 160000 + 70X c. Y = 160000 + 100X d. Y = 160000 + 80X
Total Variable cost is 560,000 OMR total units sold is 7000 units, total fixed cost is 160000 OMR,describe the production costs in the equation form Y = f + vX. Select one: a. Y = 160000 + 100X b. Y = 160000 + 70X c. Y = 160000 + 80X d. Y = 160000 + 40X Clear my choice
Total Variable cost is 420,000 OMR total units sold is 7000 units, total fixed cost is 80000 OMR,describe the production costs in the equation form Y = f + vX. a. Y = 80000 + 150X b. Y = 80000 + 100X c. Y = 80000 + 60X d. Y = 80000 + 40X
Product X; total sales are 100 units, unit sales price is 1000 TL, unit variable costs are 800 TL. (Total fixed expenses 120.000TL)What is the 'breakeven point' of X according to uniform production? 9083776068
Determine the missing amounts Unit Selling Price$250 $500 (e)Unit Variable Costs$180 (c) (f)Unit Contribution Margin(a) $200 $330Contribution Margin Ratio(b) (d) 30%
The data relates to product P: Selling price $25 per unit Variable cost $20 per unit Fixed costs are $50,000 The number of units that must be made and sold in order to breakeven is: 10000 units 11000 units 18000 units 150000 units 25000 units