Even Sales Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $444,400, and the sales mix is 60% bats and 40% glow The unit selling price and the unit variable cost for each product are as follows: Products Unit Selling Price Unit Variable Cost Bats Gloves $80 200 a. Compute the break-even sales (units) for the overall enterprise product, E. units b. How many units of each product, baseball bats and baseball gloves, would be sold at the break-even point? Baseball bats Baseball gloves units $60 120 units
Q: KA. Royce Co. acquired 60% of Park Co. for $420,000 on December 31, 2019 when Park's book value was…
A: Answer:- Book value of an asset:- The net difference between a corporation's total assets and total…
Q: ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false…
A: Answer Formula = Contribution margin = Sales - variable cost / sales
Q: Which of the following is not true about the manufacturing overhead ledger account? Group of answer…
A: The manufacturing overhead is related t the entire cost. Example of indirect costs generally…
Q: During the year, Mark reports $90,000 of active business income from his law practice. He also owns…
A: B. Reports AGI of $90,000 with a $10,000 passive loss carryover is correct.
Q: Q1 "Accounting information is useful to anyone who makes decisions that have economic results".…
A: Accounting information is useful to a lot of users such as management,stakeholders,customers, legal…
Q: f there was a gift that would be transferred without restriction to another charity entity, how…
A: Transferring gift to charitable Institutions are quite Common in the form of goods or services.…
Q: Frank is a self-employed CPA whose 2021 net earnings from his trade or business (before the H.R. 10…
A: B) $48,000
Q: On December 31, 2019, Teal Mountain Corporation signed a 5-year, non-cancelable lease for a machine.…
A: Introduction:- The following are most common types of leases as follows under:-- Operating leases…
Q: It started as a personal goal. Molly decided to stay home with her kids rather than work outside of…
A: Molly started a business of shopping and meal planing for their clients. She shops all the items in…
Q: ve one example of an ethical standard from the conceptual framework that accountants have to follow…
A: An accountant is very highly responsible person and he has to follow the rules and regulations and…
Q: Information for Garner Company's direct-labor costs for the month of September 2005 was as follows:…
A: Standard costing means where standard is set for various cost element and actual cost is then…
Q: Mr. Fernandes is the owner of a sole proprietorship, F. Fernandes Enterprise. The following is his…
A: The double entry for any transaction works, based on the golden rules of accounting, that reflects a…
Q: What is the 2 standard-setting bodies of the accounting
A: It's critical to comprehend the distinction between regulatory organizations and standards-setting…
Q: May 1. Sold merchandise on account to Taiwan Palace Co., $36,000. The cost of the merchandise sold…
A: Allowance for doubtful accounts –Allowance for doubtful accounts is the provision made by the…
Q: During Year 3, Thornton Corporation reported after-tax net income of $3,600,000. During the year,…
A: EARNING PER SHARE Earnings per share is the monetary value of earnings per outstanding share of…
Q: Required Information [The following information applies to the questions displayed below.] In the…
A: Lets understand the basics. Income statement is prepared using either two methods. (1) Single step…
Q: 1. What factors must a company consider when choosing an amortization method to use for a fixed…
A: Amortized Cost and Effective Interest Rate (IFRS 9) The amount at which certain financial assets…
Q: acob is a salesman who receives a $1,100 a week. he receives a 12% commissions on all sales. sales…
A: A straightforward definition of commission accounting is any revenue or cost incurred by the company…
Q: Cost of quality Elijah Electronics makes wireless headphone sets. The firm produced 76,500 wireless…
A: Failure cost are the cost incurred by the company to make the defective goods corrected.i.e, rework…
Q: Waurika Pharmaceuticals produces two organic chemicals (Org AB and Org XY) used in the production of…
A: Activity Centers Org AB Org XY Total Packaging materials 16,50,000 5,50,000 22,00,000 Energy…
Q: Unit 8 DB: How to Respond to Requests to Act Unethically A Imagine that you work for a mortgage…
A: Hypothetically answering and speaking - If I were a mortgage broker and were instructed to accept an…
Q: Suppose Company M, a small manufacturer of wearable devices, wants to identify the most attractive…
A: Target segment is the segment which is selected based on a number of factors like…
Q: The table below shows a partial view of Webster Corporation's balance sheet. Webster Corporation…
A: Calculation of Basic EPS: Net income $ 2,000,000 (-) Preferred stock dividend $…
Q: Queen's Fabrication Shop is purchasing a new rivet machine to replace an existing one. The new…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Suppose that at the beginning of 2022 SH's basis in his S corporation stock was $28,500 and SH has…
A: As per US code 1366(d)(1)Cannot ExceedShareholder's Basis in Stock and Debt: The aggregate amount of…
Q: Joe Poultry uses a periodic inventory system. Its beginning inventory on May 1 consisted of 300…
A: Using periodic inventory system, the cost of goods sold is recorded at the end of period. Using FIFO…
Q: Konopelski Corporation purchased McKenzie Company 3 years ago and at that time recorded goodwill of…
A: Goodwill is an intangible asset related to the acquisition of one organization via way of means of…
Q: Compute for the current liabilities.
A: Current liabilities are the liabilities which a company have on the balance sheet on which the…
Q: Currently, the unit selling price of a product is $330, the unit variable cost is $270, and the…
A: The break-even point states the number of units that need to be sold to achieve a no-gain, no-loss…
Q: 19. Booker Steel Inc. is considering an investment that would require an initial cash outlay of…
A: Given data: Initial cash outlay = $400,000Cash Inflow = $75000Discount rate = 8% The present value…
Q: On April 1, Marigold Corp. purchased for $1458000 a tract of land on which a warehouse and office…
A: VALUATION OF ASSETS Asset valuation is the process of determining the current value of Organisations…
Q: BES Sufian and Amar are partners in a Partnership. On 30/6/2020, Sufian takes a loan from the firm…
A: A partnership is a form of entity where two or more people come into a mutual agreement among them,…
Q: stion 15 Blue State is a three-factor apportionment state. Co Company operates a multistate business…
A: In three factors formula all three factors are considered payroll, sales and property percentage are…
Q: Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents…
A: Inventory turnover ratio =Cost of goods soldAverage inventory Average Inventory = Ending Inventory +…
Q: In March 2022, General Electric and JPMorgan Chase enter into a three-year OIS. GE agrees to pay…
A: Here we calculated the fixed cash flow Fixed cash flow is fixed because the interest rate is not…
Q: On January 1, 2021, Nichols Corporation had 500,000 shares of common stock outstanding. During 2021…
A: Computation of weighted average shares outstanding for 2021: Jan 21 - opening shares 5,00,000 X…
Q: All of the contribution is deductible. b. None of the contribution is deductible. c. She…
A: The correct option is B.
Q: hysical Flow and Equivalent Units with EWIP eming, Fleming, and Garcia, a local CPA firm, provided…
A: The equivalent units are the units for the percentage of the work that is completed during the…
Q: KA. On July 1, 2019, Great White North (GWN) Inc. purchased merchandise from a supplier in the U.S.…
A: Lets understand the basics. When any item is purchased in foreign currency then there is chances of…
Q: O Week 4 Horizontal and Vertical Analysis O DIRECTIONS: Using these data from Rollaird Company's…
A: Answer Formula for vertical analysis of inventory is = inventory / Total assets
Q: You desire an annual retirement income of $200,000 in your You expect to live for 30 years past…
A: PV stands for Present value which refers to the amount of money which is invested today and would…
Q: Potential stockholders and lenders are interested in a company's financial statements. Several…
A: Introduction:- Assets are resources (property) presented in the balance sheet because for it an…
Q: Alexa owns a condominium near Cocoa Beach in Florida. In 2022, she incurs the following expenses in…
A: Particulars Amount($) 1 Gross Rental Income 30000 2 Expenses: Insurance…
Q: ServicePro provides two kinds of services. During the most recent accounting period, the two service…
A: Sunk Cost :— It is the cost that are already incurred in past and now irrecoverable. Financial…
Q: 2. Luxury Hotel is considering purchasing an existing hotel in the entertainment district. The…
A: Variable Cost (Per room per night) = $20 Fixed Cost (Per Year) = $525,000 Depreciation = Straight…
Q: On January 1, 20x1, Pepper Company had 100,000 shares of common shares issued and outstanding The…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: Is it 30% or 35% when calculating equity method
A: The question is a follow-up question. The learner has re-posted it with confusion about the solved…
Q: As at December 31, 20x1, the books of Poppy's Bar and Grill contained the following error: The…
A: The Net income will be added/transferred to retained earnings.
Q: The following is a partial trial balance for General Lighting Corporation as of December 31, 2021:…
A: The question asked to prepare the single-step income statement. The single-step income statement:…
Q: 2) List and brief explain the technic (audit reduce) used by external audit for finding…
A: A contingent liability is the possibility of a liability arising from a future event. It is…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- MultiproductGreen Rider makes three types of electric scooters. The company’s total fixed cost is $1,080,000,000. Selling prices, variable cost, and sales percentages for each type of scooter follow: Selling Price Variable Cost Percent of Total Unit Sales Mod $2,200 $1,900 30 Rad 3,700 3,000 50 X-treme 6,000 5,000 20 a. What is Green Rider’s break-even point in units and sales dollars? Units Dollars Mod Rad X-treme Total b. If the company has an after-tax income goal of $1 billion and the tax rate is 50 percent, how many units of each type of scooter must be sold for the goal to be reached at the current sales mix? Units Dollars Mod Rad X-treme Total c. Assume the sales mix shifts to 50 percent Mod, 40 percent Rad, and 10 percent X-treme. How does this change affect your answer to (a)?Note: Do not round until you determine the number of units of each product; round…Update takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Show Me How E Print Item еВook Sales Mix and Break-Even Sales Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $306,000, and the sales mix is 40% bats and 60% gloves. The unit selling price and the unit variable cost for each product are as follows: Products Unit Selling Price Unit Variable Cost Bats $50 $40 Gloves 130 80 a. Compute the break-even sales (units) for the overall enterprise product, E. units b. How many units of each product, baseball bats and baseball gloves, would be sold at the break-even point? Baseball bats units Baseball gloves units Check My Work 4 more Check My Work uses remaining. Previous Next All work saved.Gladstorm Enterprises sells a product for $48 per unit. The varlable cost is $32 per unit, while fxed costs are $10,560. Determine the following: Round your answers to the nearest whole number. a. Break-even point in sales units units b. Break-even point in sales units if the selling price Increased to $62 per unit units
- Show Me How E Print Item O eBook Break-Even Sales Currently, the unit selling price of a product is $370, the unit variable cost is $300, and the total fixed costs are $1,309,000. A proposal is being evaluated to increase the unit selling price to $410. a. Compute the current break-even sales (units). units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant. units heck My Work 4 more Check My Work uses remaining. Previous All work saved. Email InstructorMultiproductGreen Rider makes three types of electric scooters. The company’s total fixed cost is $2,376,000,000. Selling prices, variable cost, and sales percentages for each type of scooter follow: Selling Price Variable Cost Percent of Total Unit Sales Mod $2,200 $1,900 30 Rad 3,700 3,000 50 X-treme 6,000 5,000 20 a. What is Green Rider’s break-even point in units and sales dollars? Units Dollars Mod Answer Answer Rad Answer Answer X-treme Answer Answer Total Answer Answer b. If the company has an after-tax income goal of $2 billion and the tax rate is 50 percent, how many units of each type of scooter must be sold for the goal to be reached at the current sales mix? Units Dollars Mod Answer Answer Rad Answer Answer X-treme Answer Answer Total Answer Answer c. Assume the sales mix shifts to 50 percent Mod, 40 percent Rad, and 10 percent X-treme. How does this change affect your…SBD Phone Company sells its waterproof phone case for $122 per unit. Fixed costs total $262,000, and variable costs are $52 per unit. Compute the units of product that must be sold to earn pretax income of $228,000. Units to be sold to achieve targeted income Choose Numerator: Choose Denominator: Units to Achieve Target Units to achieve target II
- Zulu sells its waterproof phone case for $100 per unit. Fixed costs total $177,000, and variable costs are $38 per unit. Compute the units that must be sold to get a target income of $210,500. Units to be sold to achieve targeted income Numerator: Denominator: Units to Achieve Target Units to achieve target %3D) eBook Break-Even Point Show Me How Hilton Inc. sells a product for $59 per unit. The variable cost is $33 per unit, while fixed costs are $118,300. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $68 per unit. a. Break-even point in sales units b. Break-even point if the selling price, were increased to $68 per unit Check My Work 2 more Check My Work uses remaining. units units 凸江 Previou NoveMultiproductGreen Rider makes three types of electric scooters. The company’s total fixed cost is $2,376,000,000. Selling prices, variable cost, and sales percentages for each type of scooter follow: Selling Price Variable Cost Percent of Total Unit Sales Mod $2,200 $1,900 30 Rad 3,700 3,000 50 X-treme 6,000 5,000 20 A. If the company has an after-tax income goal of $2 billion and the tax rate is 50 percent, how many units of each type of scooter must be sold for the goal to be reached at the current sales mix? Units Dollars Mod Answer Answer Rad Answer Answer X-treme Answer Answer Total Answer Answer
- Anna Inc. sells two products as follows: Product A Product B Units sold 3,800 4,750 Selling price per unit $300 $450 Variable costs per unit $120 $270 The company has the following fixed costs: Product A, $613,000, Product B, $1,023,000, and common fixed costs of $372,800. Using the above information answer the following questions. What is the package contribution margin? HINT: this is a dollar value so please round to the nearest penny. What is the break-even in packages? How many units of Product A are required to break-even? How many units of Product B are required to break-even?Sales mix and break-even sales Rosenberg Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $291,200, and the sales mix is 60% bats and 40% gloves. The unit selling price and the unit variable cost for each product are as follows: Products Unit Selling Price Unit Variable Cost Bats Gloves $50 130 $40 80 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Compute the break-even sales (units) for the overall company's mix of product, M. units b. How many units of each product, baseball bats and baseball gloves, would be sold at the break-even point? Baseball bats Baseball gloves units unitsSales mix and break-even sales Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $450,450, and the sales mix is 30% bats and 70% gloves. The unit selling price and the unit variable cost for each product are as follows: Unit Selling Price Unit Variable Cost Products Bats Gloves X Open spreadsheet This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. units $50 125 a. Compute the break-even sales (units) for the overall enterprise product, E. Baseball bats: b. How many units of each product, baseball bats and baseball gloves, would be sold at the break-even point? Baseball gloves: $50 80 units units