Collegepak company produced and sold 60000 backpacks during

Assignment Help Accounting Basics

Reference no: EM13579740

CollegePak Company produced and sold 60,000 backpacks during the year just ended at an average price of $20 per unit. Variable manufacturing costs were $8 per unit, and variable marketing costs were $4 per unit sold. Fixed costs amounted to $180,000 for manufacturing and $72,000 for marketing. There was no year-end work-in-process inventory. (Ignore income taxes.)

Compute CollegePak's break-even point in sales dollars for the year.
Compute the number of sales units required to earn a net income of $180,000 during the year.
CollegePak's variable manufacturing costs are expected to increase by 10 percent in the coming year. Compute the firm's break-even point in sales dollars for the coming year.
If CollegePak's variable manufacturing costs do increase by 10 percent, compute the selling price that would yield the same contribution-margin ratio in the coming year.

Reference no: EM13579740

Questions Cloud

A production process produces 90 non-defective parts a : a production process produces 90 non-defective parts. a sample of 10 parts from the production process is selected.a.

Corrigans selling price is 63 per unit for the universal : corrigan enterprises is studying the acquisition of two electrical component insertion systems for producing its sole

Boxwell corporation purchased 60 percent of conway company : boxwell corporation purchased 60 percent of conway company on january 1 20x7 for a total of 277500. conway reported the

Suppose a random sample of 8 stores from which merchandise : the probability that merchandise stolen from a store will be recovered is 15. suppose a random sample of 8 stores from

Collegepak company produced and sold 60000 backpacks during : collegepak company produced and sold 60000 backpacks during the year just ended at an average price of 20 per unit.

What is the expected number of shoppers that will buy the : the manager of a supermarket found that 72 of the shoppers who taste a free sample of a food item will buy the item.

Madison thorne works in a public accounting firm and hopes : madison thorne works in a public accounting firm and hopes to eventually be a partner. the management of allnet company

If the fixed manufacturing costs were 42900 and the : on october 31 the end of the first month of operations morristown amp co. prepared the following income statement based

Sandi scott obtained a patent on a small electronic device : sandi scott obtained a patent on a small electronic device and organized scott products inc. to produce and sell the

User Account

All Pages