Sheridan reported the following information for the currentyear: Sales (58000 units) $1160000, direct materials anddirect labor $580000, other variable costs $58000, andfixed costs $360000. What is Sheridan's break-even pointin units?O 52200.o 36000.O 40000.O 32727.

Break-Even Point: It is the point of sales at which entity neither earns a profit nor suffers a…

Answered: Sheridan reported the following…

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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APPLY THE CONCEPTS: Calculate the break-even point in sales dollars for Starr Productions Further analysis of Starr Productions's fixed costs revealed that the company actually faces annual fixed overhead costs of $4,200 and annual fixed selling and administrative costs of $1,800. Variable cost estimates are correct: direct materials cost, $12.00 per unit; direct labor costs, $15.00 per unit; and variable overhead costs, $3.00 per unit. At this time, the selling price of $40 will not change. Complete the following formulas for the revised fixed costs. Enter the ratio as a percentage. Contribution Margin per Unit Contribution Margin Ratio % Now complete the formulas for (1) the break-even point in sales dollars and (2) the units sold at the break-even point. To calculate this, divide the break-even point in sales dollars by the unit selling price. Break-Even Point in Sales Dollars % Units Sold at Break-Even Point units Assume that the number of units that Starr sold exceeded the…
Sheffield Corp. sells 200000 units for $14 a unit. Fixed costs are $350000 and net income is $250000. What should be reported as variable expenses in the CVP income statement? $2200000. $2550000. $600000. $2450000.
[The following Information applies to the questions displayed below.] Alden Company's monthly data for the past year follow. Management wants to use these data to predict future variable and fixed costs. 2234 in Month 1 Units Sold 315,000 Total Cost $ 152,500 160,000 96,250 260,000 200,600 200,000 95,000 5 285,000 196,500 6 185,000 107,000 7 365,000 314,800 8 265,000 146,750 9 77,000 70,000 10 145,000 125,625 11 89,000 89,000 12 95,000 86,650 2. Predict future total costs when sales volume is (a) 370,000 units and (b) 410,000 units. 370,000 units 410,000 units Total cost
At the break-even point of 2000 units, variable costs are $70400, and fixed costs are $40960. How much is the selling price per unit? $14.72 $20.48 $55.68 $35.20
For the current year ended March 31, Kadel Company expects fixed costs of $365,400, a unit variable cost of $43, and a unit selling price of $64. a. Compute the anticipated break-even sales (units).fill in the blank 1 of 1 units b. Compute the sales (units) required to realize operating income of $84,000.fill in the blank 1 of 1 units
Assume XYZ Company intends to produce 20000 units next month. Calculate total production costs for the next month if fixed cost is 18000 OMR Total Variable cost 100000 OMR and the Units produced is 10000 Units in the current month. Select one: O a. 200000 OMR O b. 210000 OMR O c. 250000 OMR O d. 218000 OMR
Manji
Manufacturing costs for product X include direct materials $18 per unit, direct labor $4 per unit, variable overhead $2 per unit, and fixed overhead $3 per unit, for a total of $27 per unit. If production volume is increased by 10 units, how much will total manufacturing costs change in the short term? Assume that the new production volume is in the relevant range. (hint: the total cost equation might be useful here) increase by $240 not enough information need to know the original volume increase by $220 increase by $250 O increase by $270
If fixed costs are $1,260,000, the unit selling price is $202, and the unit variable costs are $110, the break-even sales (units) if fixed costs are increased by $43,800 is a.14,172 units b.17,006 units c.11,337 units d.21,258 units
How do I find the dollar sales volume to produce an income of 864,000 before taxes 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?
Please show the solution on how to get the answer.
Sheridan Company had the following operating data for the year for its computer division: sales, $700000; contribution margin, $171000; total fixed costs (controllable), $119000; and average total operating assets, $300000. What is the controllable margin for the year? O $171000. O 57%. O $52000. O 17.3%.

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Sheridan reported the following information for the current year: Sales (58000 units) $1160000, direct materials and direct labor $580000, other variable costs $58000, and fixed costs $360000. What is Sheridan's break-even point in units? O 52200. o 36000. O 40000. O 32727.