Please do not give solution in image format thanku Little Piggieproduces sports socks. The companyhas fixed expenses of$80,000and variable expenses of$1.20per package. Each package sells for$2.50.RequirementsCompute the contribution1. margin per package and thecontribution margin ratio.2.3.Find the break-even point inunits and in dollars using thecontribution margin shortcutapproaches.Find the number of packagesLittle Piggieneeds to sell to earn a$25,000operating income.

Break-even point:— It is the point of production where total cost is equal to total revenue. At this…

Answered: LittlePiggie produces sports socks. The…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Q1. Murray furniture store sells couches as a retailer. The wholesale cost to them of their most popular model of couch varies depending on how many they purchase for sale. For the first 200 couches the cost is $299 each; for the next 200 couches it drops to $250 each; and for every couch after that it costs $225. Create an excel function using the IF function to show the gross profit under the following scenarios: a. b. It sells at a price of $650 and 350 units are purchased for sale and sold It sells at a price of $625 and 300 units are purchased for sale and sold It sells at a price are $700 and 1,000 units are purchased for sale and sold C.
A tree provider to plant nurseries is trying to use customer lifetime value to determine the value of its customers. Two customers are shown below. Use customer lifetime value to determine the importance of each customer. Use a 7 percent discount rate. Avg. Annual Sales Avg. Profit Margin Customer A: Customer B: $26,500 $14,000 Do not round intermediate calculans. Round your answers to the nearest dollar. NPV (Customer A): $ 25% 15% Expected Lifetime 11 years 7 years NPV (Customer B): $ What do you recommend? -Select- is more important.
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A jeans maker is designing a new line of jeans called Slams. Slams will sell for $315 per unit and cost $214.20 per unit in variable costs to make. Fixed costs total $66,000. (Round your answers to 2 decimal places.) 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: Denominator: 3. Compute Income if 6,200 units are produced and sold Income Contribution Margin Ratio Contribution margin ratio 0
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Don't use chatgpt,,,, I will 5 upvotes The contribution margin ratio of Donath Corporation's only product is 6 5 % . The company's monthly fixed expense is $ 5 7 3 , 3 0 0 and the company's monthly target profit is $ 9 , 1 0 0 . Required: Determine the dollar sales to attain the company's target profit. Show your work
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