User Account

All Pages

How many dresses are sold when operating income is zero

Assignment Help Cost Accounting
Reference no: EM133103095

Questions -

Q1. Katrina's Bridal Shoppe sells wedding dresses. The average selling price of each dress is $1,100, variable costs are $500, and fixed costs are $100,000. How many dresses are sold when operating income is zero?

A. 167 dresses

B. 200 dresses

C. 310 dresses

D. 91 dresses

Q2. Southwestern College is planning to hold a fund raising banquet at one of the local country clubs. It has two options for the banquet:

OPTION one: Crestview Country Club

a. Fixed rental cost of $1,000

b. $12 per person for food

OPTION two: Tallgrass Country Club

a. Fixed rental cost of $3,000

b. $8.00 per person for food

Southwestern College has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band which will cost another $800. Tickets are expected to be $30 per person. Local business supporters will donate any other items required for the event.

Which option provides the least amount of risk?

A. Option one

B. Option two

C. Both options provide the same amount of risk.

D. It depends on how many donations it receives.

Reference no: EM133103095

Questions Cloud

Shareholder-primacy and director-primacy models : Discuss the pros and cons of the shareholder-primacy and director-primacy models of corporate governance. Which do you prefer and why?
Indicate the income statement and balance sheet reporting : Indicate the income statement and balance sheet reporting by Vaughn at October 31, 2020, of the information related to the Lynch transaction
Future of the magnolia brand : Read the first case: Fixer Upper-The Magnolia Brand (note that cases are at the end of the textbook).
Three key tests of a winning strategy : Read Chapter 1 in the course textbook. Read the first case: Fixer Upper-The Magnolia Brand (note that cases are at the end of the textbook).
How many dresses are sold when operating income is zero : The average selling price of each dress is $1,100, variable costs are $500, and fixed costs are $100,000. How many dresses sold when operating income is zero
Competitive advantages sustainable : How can an organization make its competitive advantages sustainable over time?
Summary - assessment in new zealand early childhood settings : Present a summary of key learnings - Assessment in New Zealand early childhood settings: A proposal to change from Learning Stories to Learning Notes
What is the linear programming model for problem : Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catcher's model. The firm has 900 hours of production time
What would be the? firm new debt? ratio : If Campbell were to purchase a new warehouse for $1.3 million and finance it entirely with? long-term debt, what would be the? firm's new debt? ratio

Reviews

Write a Review

Cost Accounting Questions & Answers

  What are the variable costs per unit associated with product

The Singer Company manufactures several different products. Unit costs associated with Product ICT101 are as follows:? What are the variable costs per unit associated with Product ICT101?

  Financial accounting is fairly heavily regulated in

financial accounting is fairly heavily regulated in australia. there are numerous corporations act requirements and

  Prepare an income statement through gross profit

Prepare a cost of goods manufactured schedule and prepare an income statement through gross profit.

  Compute rotermagic weighted average cost of capital

Compute Rotermagic's Weighted Average Cost of Capital. Rotermagic has two sources of funds: long term debt with a market and book value of $32 million

  Prepare the accounting entries for each event

You are only required to enter the events as described in 2012; do not attempt to combine all 12 events into a single financial statement.

  What amount of interest income should ms price recognize

The present value of $120,000 at 10% for three years is $90,156. What amount of interest income should Ms. Price recognize in 2012?

  Calculate the annual profit using variable costing system

Case Study: Airbnb in Hobart. Calculate the annual profit, using the variable costing system and the breakeven point for the project?

  What is the profit on the position

What is the profit on the position if, at the expiration date of the options, and what is the profit (loss) on the position if, at the expiration date of the options, the price of the stock is $40?

  What is predetermined overhead rate per direct labor hour

Labor hours are used to determine the predetermined overhead rate. What is the predetermined overhead rate per direct labor hour?

  Nolan company deposits all cash receipts

Nolan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check.

  What are the equivalent units of production

If the FIFO method is used, what are the equivalent units of production for the period for conversion costs

  How might your company benefit from using abc

Why is overhead allocation required in most manufacturing environments?

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