User Account

All Pages

Compute of break-even point in sales

Assignment Help Accounting Basics
Reference no: EM13824188

Question

Rickers Inc. produces and sells two products. Data concerning those products for the most recent month appear below:

 

Product O66C

Product V67G

Sales

$52,000

$57,000

Variable expenses

$14,000

$26,330

The fixed expenses of the entire company were $39,060. The break-even point in sales dollars for the entire company is closest to:

a. $39,060

b. $46,180

c. $79,390

d. $62,000

Additional Requirement-

This question belongs to Basic Accounting and it discusses about compute of break-even point in sales.

Reference no: EM13824188

Questions Cloud

Write a procedural email message to employees reminding them : Write a procedural email message to employees reminding them of standard operating procedures or organizational changes that take the form of step-by-step instructions.
Describe how you might use emotional intelligence : Describe how you might use emotional intelligence to control mood and create a positive work environment in your branch.
Understanding and analyzing arguments : Understanding and Analyzing Arguments
What procedures must be followed by crime scene investigator : What procedures must be followed by the crime scene investigator during the evidence collection process to ensure that accurate and reliable scientific results can be obtained from a forensic analysis of the evidence?
Compute of break-even point in sales : This question belongs to Basic Accounting and it discusses about compute of break-even point in sales
Using the LIFO inventory valuation method : On December 31, there were 26 units remaining in ending inventory. Using the LIFO inventory valuation method, what is the cost of the ending inventory?
About the allowance for doubtful accounts : Which of the following is not true about the Allowance for Doubtful Accounts?
Journal entry to record the collection on account : Mullis Company sold merchandise on account to a customer for $625, terms n/30. The journal entry to record the collection on account would be:
Production process consists of three primary activities : The production process consists of three primary activities: bending and forming, welding, and painting. The amount of time in minutes needed to process each product in each department is shown below:

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a schedule of expected cash collections

From past experience, the company has learned that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts ..

  Finding the earnings per share

For 2010, Fielder Corporation reported net income of $30,000; net sales $400,000; and average shares outstanding of 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?

  Explain how each is of potential benefit to the auditor

Identify five other ways in which the Private Securities Act of 1995 will potentially change auditors' legal liability. Explain how each is of potential benefit to the auditor.

  Using the percentage of receivables method for recording

using the percentage of receivables method for recording bad debts expense estimated uncollectible accounts are 10000.

  Problem related to auditing standards

Auditing standards discuss fraud in details. What is your impression of the auditor's responsibility to discover it? Do you make a distinction between responsibility regarding management fraud versus employee fraud?

  Statement referring to fixed costs

Which of the following statements is true when referring to fixed costs?

  Determining cash basis and accrual basis of accounting

Explain the difference between the cash basis and accrual basis of accounting. Explain the difference between the cash basis and accrual basis of accounting?

  Responsibilities of durangos audit committee members

Examine the current roles and responsibilities of Durango's audit committee members, and propose a model for your company to improve the effectiveness of the audit committee and thus ensure effective corporate governance.

  Current generally accepted accounting principle

For each of the situations, discuss the following and provide support for your conclusions: The type of accounting change. The manner of reporting the change under current generally accepted accounting principle. Where applicable, discuss how amounts..

  The cash account for online medical co at june 30 2012

the cash account for online medical co. at june 30 2012 indicated a balance of 9375. the bank statement indicated a

  Hamilton profit margin be if blaine were dropped

What would Hamilton's profit margin be if Blaine were dropped?

  Hillside issues 1500000 of 6 15-year bonds dated january 1

hillside issues 1500000 of 6 15-year bonds dated january 1 2013 that pay interest semiannually on june 30 and december

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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