How many elites will be sold at the break-even point

Assignment Help Financial Accounting
Reference no: EM13864859

Richter Company sells two models of its product. The Premium sells for $100 and has variable cost of $60. The Elite sells for $70 and has variable cost of $50. Richter typically sells 3 Elites for every Premium sold. Fixed costs are $250,000. How many Elites will be sold at the break-even point?

Reference no: EM13864859

Questions Cloud

Beginning inventory : There was no beginning inventory. During the year the company manufactured 67,000 units. If net income using variable and full costing was $245,000 and $205,700, respectively, how many units did the company sell in 2007?
Prove that: 1. x[n]=x[n]*delta[n] : prove that: 1. x[n]=x[n]*delta[n] 2.x[n-n0]=x[n]*delta{n-n0]
Fixed manufacturing costs : A company has fixed manufacturing costs of $400,000 and produces 100,000 units and sells 85,000 units. There is no beginning inventory. Which of the following conclusions can be drawn?
Contribution margin ratio : Barking Dog Company has a contribution margin ratio of 21%. Barking Dog desires a profit of $315,000 and must cover fixed costs of $945,945. What level of sales must Barking Dog reach in order to achieve its goal?
How many elites will be sold at the break-even point : Richter Company sells two models of its product. The Premium sells for $100 and has variable cost of $60. The Elite sells for $70 and has variable cost of $50. Richter typically sells 3 Elites for every Premium sold. Fixed costs are $250,000. How man..
Major investment outlay for machinery and equipment : Stellar Packaging Products is considering diversifying its product line offerings into candy and other food bag packaging. This would require a major investment outlay for machinery and equipment. Give one example of different costs that would be con..
Classified if expense warranty accrual method is applied : Brooks Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During 2014, the corporation sells for cash 471 computers at a unit price of $3,01..
How to install single-phase electrical wiring : How to install Single-Phase Electrical Wiring in a Multi-Story Building ? (Requirements,General Precaution and step by step explanation) .
Insurance expense on the annual income statement : On July 1, a company paid the $3,480 premium on a one-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income statement for the current year ended December 31?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare a partial income statement starting with income

Prepare a partial income statement starting with income from continuing operations before taxes for the year 2011 and concluding with net income.

  Land buildings and machinerya company made the following

land buildings and machinery.a company made the following expenditures in connection with the construction of its new

  Debit depreciation expense

Depreciation on the company's equipment for 2014 is $24,000. The company prepares and records adjusting entries on a monthly basis. How would the company record the related adjusting entry on December 31, 2014?

  No other capital losses or capital gains

During 2015?, George receives a $60,000 salary and has no deductions for AGI. In 2014? George had a $5,500 STCL available and no other capital losses or capital gains.

  Compute the cash dividends

Compute the cash dividends Remember where dividends fit in the financial statements: beg retained earnings + net income - dividends = ending retained earnings

  What would appear in the year-end balance sheet related to

A construction company entered into a fixed-price contract to build an office building for $20 million. Construction costs incurred during the first year were $6 million and estimated costs to complete at the end of the year were $9 million.

  You want to buy a new sports car from muscle motors for

you want to buy a new sports car from muscle motors for 41100. the contract is in the form of a 48-month annuity due at

  Identify domestic production activities deduction

Identify domestic production activities deduction and explain its current treatment. Then, argue whether or not it should be allowed as a deduction. You can approach this question from an economic, social, revenue, or political perspective.

  Describe the amount of bond interest expense for first year

Determine the amount of premium to be amortized for the second semiannual interest payment period, using the interest method. Describe the amount of bond interest expense for the first year.

  Cost assigned to the units

How much cost, in total, was assigned to the units transferred out to the next department during the month

  Expansionary monetary policy will cause appreciation

In response to the same external forces, the return on one investment may increase while the return on another investment may decrease. Investments with lower standard deviations can be expected to produce higher rate or return. Adding stocks with hi..

  Find out the estimated income on the construction contract

The income to be recognized each year is based on the proportion of cost incured to the total estimated costs for completing the contract. Find out the estimated income on the construction contract.

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