Answered: If fixed costs are $801,000 and…

If fixed costs are $801,000 and variable costs are 66% of sales, the break-even point in sales dollars is a. $528,660 b. $3,156,882 c. $2,355,882 d. $1,329,660

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 6MC: If a company has fixed costs of $6.000 per month and their product that sells for $200 has a...

See similar textbooks

Related questions

Q: Alden Company's monthly data for the past year follow. Management wants to use these data to predict…

A: Variable cost refers to those expenses that vary with the change in the level of output of a…

Q: PROBLEM B EW PARTNER Acacia and Karla capital is P480,000 and P520,000. Profit share ratio is 4:6.…

A: "Since you have asked multiple questions, we will solve only the first question. You can repost the…

Q: Opulence Clothing is a manufacturer of designer suits. The cost of each suit is the sum of three…

A: Variance occurs when the budgeted inputs and outputs vary from the actual inputs and outputs.…

Q: In September, Manson Paint Corporation began operations in a state that requires new employers of…

A: Federal Unemployment Tax (FUTA) are paid by the employers in order to support the federal…

Q: None

A: TOTAL COSTTotal Cost is the cost which is incurred to manufacture a product.Total Cost Includes Cost…

Q: Walen Co. has intends to purchase a new forklift for $80,000.00 cash. It expects annual net…

A: Net present value of investment $3849.25Explanation:

Q: Exercise 13-1A (Algo) Horizontal analysis LO 13-1 Munoz Corporation reported the following operating…

A: Horizontal Analysis: It implies to a technique of analyzing company's financial statements by…

Q: None

A: Journal entries are used to record all the financial transactions in a business. It helps to know…

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

A: Flexible budget is the budget which estimate cost at various levels of production, it means in this…

Q: None

A: Net realizable value (NRV) is the value of an asset in open market when sold. It is also termed as…

Q: The following data was collected by an average adjuster assigned to adjust for a vessel on average…

A: General Average (GA) contribution is a marine principle that calls for all parties concerned to…

Q: Jones Manufacturing Inc. sponsored a defined benefit pension plan effective 1 January 20X7. The…

A: In a defined benefit pension plan, an employer/sponsor guarantees a specific pension payment, lump…

Q: am. 122.

A: The objective of this question is to find out the present value of a future sum of money. In this…

Q: Only typed solution

A: The objective of the question is to understand the financial transactions of Pharaoh during the year…

Q: Valmont Company has developed a new industrial piece of equipment called the XP-200. The company is…

A: Absorption Costing is a method of costing where all the fixed costs and variable costs are allocated…

Q: For Concord Corporation, the predetermined overhead rate is 70% of direct labor cost. During the…

A: Predetermined overhead rate is single rate used to allocate overhead to various jobs or product. It…

Q: None

A: MARGINAL COSTING INCOME STATEMENT Marginal Costing Income Statement is One of the Important Cost…

Q: Corporation P owns 93 percent of the outstanding stock of Corporation T. This year, the…

A: Taxable income is the amount of income earned during the tax year. It is the income related to tax,…

Q: You are evaluating a project for The Ultimate recreational tennis racket, guaranteed to correct that…

A: Free cash flow is the amount which is earned by the investor from the project. It is the net amount…

Q: Gleason Guitars produces acoustic guitars. The table below contains budget and actual information…

A: The planned budget is static in nature and is not adjusted for actual units while the flexible…

Q: Analyze each of the following transactions by showing the effects on the accounting…

A: The accounting equation states that assets are equal to the sum of the liabilities and equity. The…

Q: None

A: Tentative minimum tax refers to an amount that is paid by an individual as an estate tax after…

Q: At what price did the bonds sell?

A: Issue price of bonds would be the present value of the interest annuity & maturity amount at…

Q: During the COVID-19 pandemic, many people decided to start making face masks and selling them on the…

A: Revenue means sales revenue of the business or service revenue being earned. Accounting profit takes…

Q: An asset, with a useful life of 10 years, wasacquired at the beginning of year 1 at a cost of $60…

A: The objective of the question is to calculate the revaluation amount of an asset that was initially…

Q: ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit…

A: The equivalent units are calculated on the basis of the percentage of the work completed during the…

Q: In January, Win Lu's employer withheld $25,000 from Win's 2023 salary. Win has also income from…

A: Adjusted Gross Income (AGI) is a key measure used in the United States tax system to determine an…

Q: Baldwin Enterprises has two service departments, Personnel and Legal, and two operating divisions,…

A: Before making any decision regarding the outsourcing of any product or entire department business…

Q: Direct Materials Variances ncinas Company produces a product that requires 6 standard pounds per…

A: Variance refers to a change between the expected value and the actual result. This term is usually…

Q: The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of…

A: The variance is the difference between the actual and standard cost data. The variance can be…

Q: The reasonableness gap is: Select one: A. B. C. The difference between what financial statement…

A: The term "reasonableness gap" describes the apparent discrepancy or mismatch between the realistic…

Q: None

A: Taxable income is the amount of the person's income that is taxed after all the deductions and…

Q: 80) The Jacksons' gross monthly income is $8000. They have 17 remaining payments of $333 on a new…

A: Maximum Monthly Payments that Jackson can afford = $2343Explanation:Calculate Maximum Monthly…

Q: Build Corporation wants to purchase a new machine for $295,000. Management predicts that the machine…

A: The objective of the question is to calculate the net income after taxes in the second year of the…

Q: None

A: The Capital Asset Pricing Model (CAPM) is a widely used model in finance to estimate the expected…

Q: What is the maximum amount he may contribute to the self-employed plan in each of the following…

A: A simplified retirement plan (SEP) helps individuals to save for their retirement by contributing…

Q: What happened to the solutions to part C and D? It seems they are not available.

A: Variance Analysis is a concept of Cost Accounting where the difference between the amounts of the…

Q: Rundle Manufacturing Company was started on January 1, Year 1, when it acquired $76,000 cash by…

A: Total Production Cost: The total production cost is the aggregate expense incurred by a company to…

Q: [The following information applies to the questions displayed below.] Iguana, Incorporated,…

A: Budgeted sales is based on Budgeted sales units multiplied by Selling price per unit.Budgeted…

Q: Consultants notify management of Discount Pharmaceuticals that a stroke medication poses a potential…

A: Every company maintains its records under which it prepares the financial statements which include…

Q: Sunn Company manufactures a single product that sells for $120 per unit and whose variable costs are…

A: Lets understand the basics.For determining sales required to obtain target profit, we are required…

Q: None

A: Estate Tax-It is a tax imposed on the transfer of the estate of a deceased person.It is a tax on the…

Q: Pardo Company produces a single product and has capacity to produce 145,000 units per month. Costs…

A: On a few occasions, a company may get special offers from special customers at concessional rates.…

Q: uring 2023, Wildhorse Corporation started a construction job with a contract price of $3.08 million.…

A: Revenue and profits are recorded based on the proportion of work done during the period when using…

Q: What is Omar's deduction

A: Self-employment taxes include two types of taxes:Social Security TaxesMedicare TaxesSocial Security…

Q: In recent years, Sandhill Co. has purchased three machines. Because of frequent employee turnover in…

A: Business organizations are required to charge the depreciation expense so as to show the assets at…

Q: Kirkland Company had no trading debt securities prior to this year. It had the following…

A: The journal can be defined as the book of transactions conducted by a business on a daily basis. The…

Q: Required: 1. Prepare a contribution format income statement for the month based on the actual sales…

A: Break even point :The break-even point is a financial concept that represents the level of sales or…

Q: Lauder Company manufactures and distributes various fixtures used primarily in new building…

A: The activity-based costing is a useful method to allocate the overhead cost to the product in an…

Q: The City of Clear Lake signed a lease agreement with Mountainside Builders whereby Mountainside will…

A: The City of Clear Lake's journal entries to record the lease agreement with Mountainside Builders…

Question

If fixed costs are $801,000 and variable costs are 66% of sales, the break-even point in sales dollars is

a. $528,660

b. $3,156,882

c. $2,355,882

d. $1,329,660

AI-Generated Solution

AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.

Unlock instant AI solutions

Tap the button
to generate a solution

Click the button to generate
a solution

SEE SOLUTION

Similar questions

Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. Suppose that 30,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the break-even point in dollars. Suppose that revenues are 200,000 greater than expected. What would the total profit be? 3. Compute the margin of safety in sales revenue. 4. Compute the operating leverage. Compute the new profit level if sales are 20 percent higher than expected. 5. How many units must be sold to earn a profit equal to 10 percent of sales? 6. Assume the income tax rate is 40 percent. How many units must be sold to earn an after-tax profit of 180,000?
If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000
Klamath Company produces a single product. The projected income statement for the coming year is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. 2. Suppose 10,000 units are sold above break-even. What is the operating income? 3. Compute the contribution margin ratio. Use the contribution margin ratio to compute the break-even point in sales revenue. (Note: Round the contribution margin ratio to four decimal places, and round the sales revenue to the nearest dollar.) Suppose that revenues are 200,000 more than expected for the coming year. What would the total operating income be?
If fixed costs are $805,000 and variable costs are 64% of sales, the break-even point in sales dollars is a.$1,320,200 b.$3,041,111 c.$515,200 d.$2,236,111
If fixed costs are $729,000 and variable costs are 60% of sales, what is the break-even point in sales dollars? Oa. $1,822,500 Ob. $2,551,500 Oc. $437,400 Od. $1,166,400
If fixed costs are $276,000, the unit selling price is $117, and the unit variable costs are $76, what is the break-even sales (units)? a. 6,732 units b. 1,430 units c. 2,359 units d. 3,632 units If fixed costs are $737,000 and variable costs are 63% of sales, what is the break-even point in sales dollars? a. $2,728,892 b. $1,991,892 c. $1,201,310 d. $464,310
Sales Total $200.000 when variable costs total $150,000 and fixed costs total $30,000, then breakeven point in sales dollars is:
What is the breakeven sales in dollars if : Total sales, $120,000; Total variable cost, $ 48,000; Operating income, $12,000.
If fixed costs are $1,214,000, the unit selling price is $204, and the unit variable costs are $109, what is the break-even sales (units) if fixed costs are increased by $41,200? a.19,819 units b.15,855 units c.13,213 units d.10,570 units
7. Total variable costs are $58 750 when total sales revenue is $124 396. Find the break-even point in sales dollars if fixed costs are $424 000.
If fixed costs are $1,300,000, the unit selling price is $208, and the unit variable costs are $105, what is the break-even point in sales units if fixed costs are increased by $42,600? a. 13,035 units b. 15,642 units c. 10,428 units d. 19,552 units
Assume the selling price per unit is $30, the contribution margin ratio is 40%, and thetotal fixed cost is $60,000. What is the break-even point in unit sales?a. 2,000b. 3,000c. 4,000d. 5,000