Determine the break even point in units and dollars

Assignment Help Financial Accounting
Reference no: EM131219511

Using the following information determine the break even point in units and dollars? What is the Contribution Margin? What is the Contribution Margin Ratio? How many units does a business need to sell in order to earn a profit of $60,000? What happens to Breakeven point if fixed costs go down to $15,000? Selling Price = $10/unit Variable Cost = $7/unit Fixed Costs = $30,000

Reference no: EM131219511

Questions Cloud

Features that drive differing valuations of vegas chips : your investment adviser has sent you three analyst reports for a young, growing company named Vegas Chips Inc.. These reports depict the company as spectulative, but each one poses different projections of the company's future growth rate in earning ..
An auditor uses the assessed level of control risk : An auditor uses the assessed level of control risk to (which is right answer)
Forecast income statement-balance sheet and cash flows : Your goal is to forecast an income statement, balance sheet and statement of cash flows for Manchester United (ManU) for 2013. For the purposes of this part, refer only to the attached summary financial statements and the following assumptions. Taxes..
How will the affect cash and net working capital : How will the following affect cash and net working capital?
Determine the break even point in units and dollars : Using the following information determine the break even point in units and dollars? What is the Contribution Margin? What is the Contribution Margin Ratio? How many units does a business need to sell in order to earn a profit of $60,000? What happen..
Determine number of equivalent unit of production for period : The Converting Department of Osaka Napkin Company uses the average cost method and had 3,100 units in work in process that were 60% complete at the beginning of the period. Determine the number of whole units to be accounted for and to be assigned co..
Two manufacturing overhead application bases are used : Staley Toy Co. makes toy flutes. Two manufacturing overhead application bases are used; some overhead is applied on the basis of machine hours at a rate of $9.70 per machine hour, and the balance of the overhead is applied at the rate of 230% of dire..
What is the total equivalent completed units transferred out : The following information is available for the current year for Pike company. Number of units in beginning WIP Inventory 12,000 (30% complete) Number of units started in the current period 160,000 Number of units in the ending WIP Inventory 18,000 (7..
Process costing in its two processing departments : Diaz Company uses process costing in its two processing departments; Assembly and Finishing. If the Assembly Department requisitioned direct materials to be used in production, totaling $80,000, which one of the following journal entries would be mad..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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