How many picture frames must square sell to breakeven

Assignment Help Managerial Accounting
Reference no: EM132529663

Square Fez is a distributor of brass picture frames. For 2012, Square plans to purchase frames for P30 each and sell them for P45 each. Square's fixed costs for 2012 are expected to be P240,000. Square's only other costs will be variable costs of P60 per shipment for preparing the invoice and delivery documents, organizing the delivery, and following up for collecting accounts receivable. The P60 cost will be incurred each time Square ships an order of picture frames, regardless of the number of frames in the order.

Question 1: Suppose Square anticipates making 500 shipments in 2012, how many picture frames must Square sell to breakeven in 2012?

Option 1: 20,000

Option 2: (5,333)

Option 3: 18,000

Option 4: 16,000

Reference no: EM132529663

Questions Cloud

Estimate the cost of preparing a wage and salary tax return : In the light of your answers to requirement 1, evaluate the firm's pricing policy. Use activity-based costing to estimate the cost of preparing
How much can Tiffany deduct for taxes : Year 4 state and local income taxes withheld 1,200. How much can Tiffany deduct for taxes on her Schedule A (Itemized Deductions) of Form 1040 for Year 4
What is the probability that they get at exactly 4 three : Assume that each shot is independent of the others. If he or she shoot 8 times, what is the probability that they get at exactly 4 three pointers?
Describe the methodology and justify your choice : Describe the methodology and justify your choice - Write a short literature review of at least ten academic sources relevant to your topic
How many picture frames must square sell to breakeven : Square Fez,Suppose Square anticipates making 500 shipments in 2012, how many picture frames must Square sell to breakeven in 2012?
Find what is variable electricity cost per hour of operation : Brisbane Indoor Sports, Express the total cost behaviour in formula form (Y = a + bx). What is the variable electricity cost per hour of operation?
Explain the various definitions of disability : Explain the various definitions of disability that are found in disability-income insurance.
What would it mean about ages of couples : Suppose we record the husband's age and the wife's age for randomly selected couples. (a) What would it mean about ages of couples if these two variables had a
Identify the iv and dv in this study : A researcher predicted that musicians would score significantly higher on a standardized math test than the general population. A random representative sample

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Prepare a monthly cash budget

Prepare a monthly cash budget and supporting schedules for August, September, and October - make a monthly cash budget for the next three months

  Explain key features of a good process-oriented management

Explain why the management accounting information from the traditional responsibility accounting system fails to provide a greater strategic focus?

  How knowledge of managerial accounting can assist a manager

Explain how knowledge of managerial accounting can assist a manager with regard to the concerns - He is deciding whether to push through

  Discuss the key items related to a successful balanced

Help the company by identifying three customer-focused measures that can be used on the balanced scorecard. Discuss the key items related to a successful balanced scorecard.

  What was the brief history of companies

What was the brief history of companies and what kind of Unethical activities these companies were doing - how much money was involved in fraud?

  What the manufacturing overhead for darrin products is

Bases on the results of the previous requirement, we close the difference on manufacturing overhead by? The manufacturing overhead for Darrin Products is

  Calculate newport net cash inflows or outflows

Calculate Newport's net cash inflows or outflows for (a) operating, (b)investing, and (c) financing activities. Discuss whether or not the short-term investments are cash equivalents.

  What is the budgeted manufacturing overhead for march

Refer to Stumble Inc. What is the budgeted manufacturing overhead for March? Stumble Inc. plans to sell 100,000 units in March and 140,000 units

  Compute for march the equivalent units of production

Compute for March 2019 the equivalent units of production for conversion costs. (Round answer to the nearest whole number of units)

  Determine the fees billed to customers on account

During February, $185,500 was paid to creditors on account, and purchases on account were $202,750. Assuming the February 28 balance of Accounts Payable was $58,430, determine the account balance on February 1. On October 1, the accounts receivable a..

  How many units the company needs to sell next year

Prepare income statement using variable costing method and absorption costing method and explain the difference between the income reported

  Prepare an equivalent units schedule using the method

All material is added at the start of production and all products completed are transferred out. Refer to Nelson Corporation. Prepare an equivalent units schedule using the method.

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