Evaluate break-even point in sales dollars for head-first

Assignment Help Accounting Basics
Reference no: EM131673684

Question: Break-Even Sales Dollars for a Multiple-Product Firm Head-First Company now sells both bicycle helmets and motorcycle helmets. Next year, HeadFirst expects to produce total revenue of $570,000 and incur total variable cost of $388,000. Total fixed cost is expected to be $58,900.

Required: 1. Calculate the break-even point in sales dollars for Head-First.

2. Check your answer by preparing a contribution margin income statement.

Reference no: EM131673684

Questions Cloud

Calculate sales revenue that head-first must make to earn oi : Sales Needed to Earn Target Income Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year.
What you have learned about the various business environment : What you have learned about the various business environments, which environment, in your opinion, has the greatest impact on business operations?
Discuss positive and negative aspects of workplace conflict : HRM101 - Outline the economic, social, political, and global contexts in which human resource management operates and Explain methods for assessing performance
Preparing a contribution margin income statement : Break-Even Point in Units for a Multiple-Product Firm Suppose that Head-First Company now sells both bicycle helmets and motorcycle helmets.
Evaluate break-even point in sales dollars for head-first : Break-Even Sales Dollars for a Multiple-Product Firm Head-First Company now sells both bicycle helmets and motorcycle helmets.
How technological advancements during lifetime have changed : Research and describe how technological advancements during your lifetime have changed how the industry or field operates.
Calculate margin of safety in terms of the number of units : Margin of Safety Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year.
Calculate the degree of operating leverage : Degree of Operating Leverage Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year.
Calculate the percent change in operating income expected : Impact of Increased Sales on Operating Income Using the Degree of Operating Leverage Head-First Company had planned to sell 5,000 bicycle helmets at $75.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem related to bank reconciliation

A check drawn by a depositor for $180 in payment of a liability was recorded in the journal as $810? This item would be included on the bank reconciliation as?

  Net income for the year

POP's return on assets (ROA) is 5%. Compute POP's (a) net income for the year and (b) its return on equity (ROE). POP has no preferred stock.

  Aicpa code of professional conduct does work

In light of the business scandals of the last few years, does the AICPA's Code of Professional Conduct work? What is the area of greatest concern?

  Identify the variable as quantitative

For each of the following, indicate whether the appropriate variable would be qualitative or quantitative. If you identify the variable as quantitative, indicate whether it would be discrete or continuous.

  Crab house joe operates a chain of fine seafood restaurants

crab house joe operates a chain of fine seafood restaurants. the company makes very detailed long-term planning. on

  Iin the beginning of 2007 ross technology inc acquired the

iin the beginning of 2007 ross technology inc. acquired the valpo corporation for 350 million. in addition to cash

  Describe what liabilities value would be if assets are

describe what liabilities value would be if assets are 50000 and owners equity is 25000 by showing the accounting

  Wainwright corporation had the following activities in 2012

wainwright corporation had the following activities in 2012. 1. sale of land 249600 2. purchase of inventory 875100 3.

  Prepare journal entries to record the preceding transactions

Hogle Company is a manufacturing firm that uses job order costing system. Prepare journal entries to record the preceding transactions

  Make adjusting journal entries to eliminate the intangible

correct classi?cation of intangibles during the current year cartwright corporations accountant recorded numerous

  Taxpayers may prepay tax liability through with holdings

Taxpayers may prepay their tax liability through with holdings and through estimated tax payment? true or false

  What situation would the athena controller be correct i

In what situation would the Athena controller be correct in her valuation of goodwill?

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