Calculate lindstroms break-even point in units

Assignment Help Auditing
Reference no: EM131902206

Problem

Lindstrom company produces two fountain pen models, Information about its product follows: Lindstrom's fixed costs total $83,000 Determine Lindstrom's weighted-average unit contribution margin and weighted-average contribution margin ratio. Calculate Lindstrom's break-even point in units and in sales revenue. Calculate the number of units that Lindstrom must sell to earn a $110,000 profit. Calculate Lindstrom's margin of safety and margin of safety as a percentage of sales if it sells 8, 900 total pens.

Reference no: EM131902206

Questions Cloud

What is the value of firm a after the acquisition : Firm A is acquiring Firm B for $40,000 in cash. Firm A has a current market value of $66,000 while Firm B's current market value is $38,00
What is the companys new break-even point in unit sales : What is the company's new break-even point in unit sales and in dollar sales? What is the break-even point in unit sales and in dollar sales?
What three groups use ratio analysis and for what reasons : Should firms behave ethically? What three groups use ratio analysis and for what reasons
What are the basis and the holding period of the stock lion : What is Lion's recognized gain or loss as a result of the sale on October 12, 2016? What are basis and the holding period of stock Lion continues to hold?
Calculate lindstroms break-even point in units : Calculate Lindstrom's break-even point in units and in sales revenue. Calculate the number of units that Lindstrom must sell to earn a $110,000 profit.
How much is overhead under- or overapplied : Linden Company expected its manufacturing costs for 2014 to be $300,000 of overhead, $500,000 of materials. How much is overhead under- or overapplied?
Compute lindstroms weighted average unit contributor margin : Determine Lindstrom's weighted average unit contributor margin and weighted average contribution margin ratio.
What items are included in compensation cost for a company : What items are included in compensation cost for a company in addition to the gross salaries of the employees? (seven examples as the minimum).
What is the predetermined manufacturng overhead rate : Actual machine hours are 90,000. If Lisa Inc. allocates overhead based on direct labor hours, what is the predetermined manufacturng overhead rate?

Reviews

Write a Review

Auditing Questions & Answers

  Internal audit

Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?

  Accounting professional and ethical standards

Code of Ethics for Professional Accountants

  Prepare swag''s consolidated balance sheet

Prepare Swag's consolidated balance sheet

  Auditing and assurance

Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to

  State of the company’s industry and associated risk factors

Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors

  Prepare a memo to the audit partner

Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.

  Adjusting or non- adjusting events

State whether Event is adjusting or non-adjusting event.

  Audit financial data

As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.

  Identify principal audit risk

To identify principal audit risk and corresponding audit procedures

  Auditing and assurance

Show the audit inherent risk and rate the risk as low, medium or high.

  National health reform

Explain the role of the following three 'bodies' in National Health Reform

  Prepare a memo on the state of the company''s industry

Prepare a memo on the 'state of the company's industry' and associated risk factors.

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