Calculating breakeven point for two products

Assignment Help Accounting Basics
Reference no: EM13527382

Calculating breakeven point for two products

Speedy's Scooters plans to sell a standard scooter for $55 and a chrome scooter for $70. Speedy's purchases the standard scooter for $30 and the chrome scooter for $40. Speedy expects to sell one standard scooter for every three chrome scooters. His monthly fixed costs are $23,000.

Requirements

1. How many of each type of scooter must Speedy's Scooters sell each month to break even?

2. To earn $25,300?

Reference no: EM13527382

Questions Cloud

Find how many complete dark fringes would be seen : Consider a Young's two-slit experiment in which the wavelength of light is 45% smaller than the distance between the slits. How many complete dark fringes would be seen on a distant screen
Find minimum speed must he achieve to clear the canyon : A daredevil jumps a canyon 9.6 m wide. To do so, he drives a car up a 18° incline. What minimum speed must he achieve to clear the canyon
How digital media has been used to influence : How digital media has been used to influence
Evaluate the value of the equilibrium constant : After equilibrium is established, the flask is found to contain 1.13 x 10-3 mol of Cl2. Calculate the value of the equilibrium constant, Kc, for the reaction at this temperature.
Calculating breakeven point for two products : How many of each type of scooter must Speedy's Scooters sell each month to break even and calculating breakeven point for two products
What is the net energy gain : What is the net energy gain when 1 molecule of glucose from glycogen stores is converted to lactate?
Compute the monthly margin of safety in dollars : Compute the monthly margin of safety in dollars if the shop achieves its income goal and express Rodney's margin of safety as a percentage of target sales.
Cell cycle consists of several checkpoints : The cell cycle consists of several checkpoints at which the cycle can be stopped before restarting. Which of the following is not a function of these checkpoints?
Explain an air pollutant produced when nitrogen dioxide : Ozone is an air pollutant produced when nitrogen dioxide, NO2 , from automobile exhaust reactswith oxygen. The chemical equation for this reaction is NO2(g) + o2(g) ---> NO(g) + O3(g).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Fixed assets and increased net working capital

Thompson's Jet Skis has operating cash flow of $218. Depreciation is $45 and interest paid is $35. A net total of $69 was paid on long-term debt. The firm spent $180 on fixed assets and increased net working capital by $38. What is the amount of t..

  Determine operating income for 20x7

Determine operating income for 20X7, assuming the firm uses the variable-costing approach to product costing. (Do not prepare a statement.)

  General partnership-limited partnership

I need to determine the best form of business entity for a business having the following characteristics and explain why choose that form of business:

  Prenumbered sales invoice

A clerk accidentally posts a prenumbered sales invoice of $625 as $265 to a customer's account. What control would detect this error?

  What does it mean to audit around the computer

How might the senior audit manager or partner on a particular engagement determine how much cost is acceptable to incur in order to test a particular area? Can you think of any lower cost alternatives?

  Evaluate the cost recovery deduction

Bonnie did not elect to expense either of the assets under § 179, nor did she elect straight-line cost recovery. Determine the cost recovery deduction for 2007 for these assets.

  Maximum external price

Majestic could avoid $5,000 in fixed overhead costs if it acquires the CDs externally. If cost minimization is the major consideration and the company would prefer to buy the 60,000 units externally, what is the maximum external price that Majesti..

  Leach company invested 80000 in a certificate of deposit

leach company invested 80000 in a certificate of deposit onjune 1 2008. the certificate had a 6 annual interest rate

  Which economic system is best suited for handling the

prepare a two- to three-page paper in apa style sixth edition format that describes explains addresses and answers the

  Recording federal income tax transactions and cash

On December 31, 2012, the accountant had estimated the total tax for 2012 to be $123,600 and had recorded a liability of $3,600 for federal income tax payable.

  The seller deducts any accrued interest

When long-term investments in bonds are sold before their maturity date, the seller deducts any accrued interest since the last interest payment date from the selling price.

  Prepare a balance sheet and income statement

Make a balance sheet and income statement as of December 31, 2003, for Sharpe Manufacturing Company from the following information.

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