Compute the break-even point in units

Assignment Help Financial Accounting

Reference no: EM131222550

The Hartnett Corporation manufactures baseball bats with Pudge Rodriguez’s autograph stamped on them. Each bat sells for $61 and has a variable cost of $32. There are $43,790 in fixed costs involved in the production process.

a. Compute the break-even point in units.

Break-even point units

b. Find the sales (in units) needed to earn a profit of $21,170.

Sales quantity needed units

Reference no: EM131222550

Questions Cloud

Alternative method of dispute resolution should he recommend : Arnold is the in-house counsel of Frankin Inc., a wealthy corporation that is facing a dispute with a consumer. The allegations made by the consumer can be potentially damaging for the corporation. However, they are likely to get a judgment in their ..

What has happened to financial markets : Present a brief overview of what has happened to financial markets over the past fifteen years. What factors contributed to this phenomenon? What are the implications, if any, for the developing countries?

The actual and expected projected benefit obligation : Hudson Company's actuary has provided the following information concerning the company's defined benefit pension plan at the end of 2013: The difference between the actual and expected projected benefit obligation first occurred in 2012. Compute the ..

Prepare journal entries to record the issuance of bonds : On January 1, 2015, Boston Enterprises issues bonds that have a $1,750,000 par value, mature in 20 years, and pay 10% interest semiannually on June 30 and December 31. The bonds are sold at par. Prepare journal entries to record (a) the issuance of b..

Compute the break-even point in units : The Hartnett Corporation manufactures baseball bats with Pudge Rodriguez’s autograph stamped on them. Each bat sells for $61 and has a variable cost of $32. There are $43,790 in fixed costs involved in the production process. Compute the break-even p..

Compute the cost assigned to ending inventory : Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2015 purchases and sales transactions. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific iden..

Statement of retained earnings for the year ended : May? Bakery, Inc. reported a? prior-period adjustment in 20162016. An accounting error caused net income of prior years to be overstated by $ 6 comma 000$6,000. Retained Earnings at December? 31, 20152015?, as previously? reported, was $ 39 comma 000..

Differences between debt and equity securities : Investment securities are discussed in this weeks’ chapters. How does the accounting for investments vary depending on the type of investment (i.e. trading securities, available-for-sale securities, and held-to-maturity securities)? What are the diff..

Record the journal entry for the january : On November 1, 2016 Carla Inc. converted a $20,000 accounts payable owed to Bernard Corp. to a note payable with an interest rate of 10% annually due on January 31, 2017. Record the adjusting entry needed on December 31, 2016 of Carla. Record the jou..

User Account

All Pages