FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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if a product total fixed cost is 50,000 and its variable cost is 28500 for 9500 units what should be the unit selling price of the product if the desired breakeven volume is 2900 units?
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- p1arrow_forwardIf fixed costs are $332,000, the unit selling price is $72, and the unit variable costs are $45, the old and new break-even sales (units), respectively, if the unit selling price increases by $8 arearrow_forwardHH Aaron Company is planning to sell Product X for $80 per unit. Variable costs are $50 a unit and fixed costs are $ 150,000. What must total sales be in order to break even? 800,000 500,000 400,000 900,000arrow_forward
- How do I find the number of units that must be sold to break-even when the maximum capacity with present facilities = 40,000 units, total fixed costs per period = 468,000, variable cost per unit = 128, and sales price per unit = 212?arrow_forwardFlingen Inc. reveals the following information in their annual report for FY 2021 Selected Income Statement Items: Sales $10,500,000 Cost of goods sold $5,500,000 Pretax earnings $650,000 Selected Balance Sheet Items: Merchandise inventory $800,000 Total assets $2,500,000 Upper management plans to cut cost of goods sold by 4.5% for the coming year but retain the same sales and weeks of inventory. What is the return on assets estimated to be for 2022? Group of answer choices 33.7% 32.1% 36.8% 34.1%arrow_forwardSolomon company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If Solomon wants to earn a target profit of $3,600, how many units must be sold? 2,500 7,500 9,300 18,600 18,750arrow_forward
- Hoover Corp., a wholesaler of music equipment, issued $11,200,000 of 20-year, 9% callable bonds on March 1, 20Y2, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. 20Y2 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. 20Y4 Sept. 1 Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.)arrow_forwardAt the break-even point of 2600 units, variable costs are $56000, and fixed costs are $35000. How much is the selling price per unit?arrow_forwardurrently, the unit selling price of a product is $410, the unit variable cost is $340, and the total fixed costs are $1,176,000. A proposal is being evaluated to increase the unit selling price to $460. a. Compute the current break-even sales (units).fill in the blank 1 of 1 units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant.fill in the blank 1 of 1 unitsarrow_forward
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