How many prints must be sold to earn operating income

Assignment Help Cost Accounting
Reference no: EM132832795

Joanna Art sells framed art prints for $300. The unit variable cost per phone is $50 plus a selling commission of 15%. Fixed manufacturing costs total $1,550 per month, while ?xed selling and administrative costs total $2,000.

Required:

Problem 1: What is the contribution margin per print?

Problem 2: What is the breakeven point in prints?

Problem 3: How many prints must be sold to earn operating income of $8,500?

Reference no: EM132832795

Questions Cloud

Influences of financial management : From the highest levels of an organization to the daily activities within the organization, how is Financial Management involved?
What leadership competencies are involved : 400-500 words Read the following case scenario and express your ideas concerning campus security. Justify your response by referencing the readings and citing.
Explain plan for evaluating proposed nursing intervention : In this assignment, students will pull together the capstone project change proposal components they have been working on throughout the course to create.
Describe the discretion-abuse-control cycle : Describe the discretion-abuse-control cycle and explain the politics of finding waste, fraud, and abuse. Do you think politics should have a role in the process
How many prints must be sold to earn operating income : How many prints must be sold to earn operating income of $8,500? The unit variable cost per phone is $50 plus a selling commission of 15%.
Software development life cycle process : Explain briefly the Software Development Life Cycle process and then state which SDLC is the best one and why?
Describing newtons major achievements : Discuss the similarities and differences you find between these two great figures in the history of modern science - compare and contrast Newton and Einstein
What is the partner perspective on the firm : What is the partner perspective on the firm? The firm should respect its more extensive social commitments just as bringing in cash.
Mentoring and coaching strategies and techniques : Evaluate your personal mentoring and coaching strategies and techniques.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Calculate a level production schedule

Calculate a level production schedule that yields X inventory at the end of period 6. Most efficient production rate = 2,200 + X units per period

  Q monsivais corporation a manufacturing company has

q monsivais corporation a manufacturing company has provided the following financial data for

  Compute the net operating profit margin

Write a brief explanation approximately two paragraphs that Smith might deliver to management to justify the use of ABC for these two products and compute the cost of each product under the simple/traditional costing method. For period costs, use ..

  Acme company production budget for august

Prepare a flexible budget that would be used to compare against actual production costs for August.

  Find what percentage is assigned to cost of goods sold

Using vertical analysis, what percentage is assigned to Cost of Goods Sold? For the Year Ended December 31, 2014. Cost of Goods Sold $80

  Calculate the sales price per unit and the variable expenses

Calculate the sales price per unit and the variable expenses per unit. Compute the company's break-even point in units and dollars.

  Leeann and pat have been discussing the introduction of an

leeann and pat have been discussing the introduction of an improved gizmo to replace our current model.nbsp leeann

  Derive an expression for the amount of principal

Derive an expression for the amount of principal that is paid for each payment. Use the following variables for this formula: P = Purchase value

  What is each partners basis at year-end

What is the net income, excluding separately stated items, that each partner is required to report at the end of the year and how is each of the separately stated items treated on the partners' tax returns?

  Prepare a cost of production report for each department

Started in Production- Current Month. Prepare a cost of production report for each department. Round total costs to the nearest peso. Use WAM

  Would you classify a realty business like ruby river

Would you classify a realty business like Ruby River as a manufacturing, merchandising, or service business and analyzing the interrelationships among the four financial statements, determine the proper amounts for (a) through (o).

  Traditional system to an activity based cost system

Will the coming years EVA be greater than, less than, or equal to the current year's EVA and effect of changing to the ABC systeman increase in EVA, a decrease in EVA, or neither? Why?

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