Solution-How many dresses are sold when operating income is

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

User Account

All Pages

How many dresses are sold when operating income is zero

Reference no: EM133103095

Reference no: EM133103095

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT