Business question-cvp analysis

Assignment Help Managerial Accounting
Reference no: EM1347390

Gabby's Wedding Cakes creates elaborate wedding cakes. Each cake sells for $600.The variable cost of making the cakes is $250,and the fixed cost per month is $7,700.

Required

a. Calculate the break-even point for a month in units.

b. How many cakes must be sold to earn a monthly profit of $10,000?

Reference no: EM1347390

Questions Cloud

Explain whole life insurance policy requires : Create a set of family situations where every insurance term and whole life insurance are the most suitable type of policy to meet the customer's needs.
Computing contribution margin-break even point : Determine the contribution margin for this practice. Determine the accounting break even point in the terms of number of Enrollees. Determine the economic break even point in terms of number of Enrollees.
Question about motivation theories : Show which of the following motivation theories would be most effective to motivate these employee groups and explain
Show capital structure theory : Help with is the formula and run down of the process to figure out this problem, the explicit answer is not necessary
Business question-cvp analysis : Gabby's Wedding Cakes creates elaborate wedding cakes. Calculate the break-even point for a month in units. How many cakes must be sold to earn a monthly profit of $10,000?
Creating presentation to law school class on digital crime : You have been asked to present a presentation to law school class on digital crime. After presentation, a student asks why so few people are really prosecuted for computer crime.
Weighted average cost of capital : Weighted average cost of capital - How does the capital asset pricing model help explain changing costs of capital?
Academic response to cvp analysis : Galaxy Disk's projected operating income for 2008 is $200,000, based on a sales volume of 200,000 units. Galaxy sells disks for $16 each. Variable costs consist of the $10 purchase price and a $2 shipping and handling cost. Galaxy's annual fixed c..
Calculation of standard deviation : The following are the historic returns for Chelle Computer Corporation. Determine the correlation coefficient between Chelle Computer and General Index and also calculate the standard deviation.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd