How many total units must be sold for jbi to break even

Assignment Help Accounting Basics
Reference no: EM132826092

Jeff Bloom Industries (JBI) has been in business for over 31 years. They are a leader in their industry and their management is second to none. JBI manufactures two different products, coffee mugs and teacups. Each coffee mug sells for $9.00 and has variable costs of $4.30. Each teacup sells for $14.20 and has variable costs of $9.90. In JBI's operations, for every 1 coffee mug that is sold, 2 teacups are also sold. Fixed costs for JBI are $151,000.

Required:

Problem 1: How many total units (total units of coffee mugs + total units of teacups), must be sold for JBI to break even?

Reference no: EM132826092

Questions Cloud

What is the market value of the collateral : What is the market value of the collateral that the hedge fund must deliver to the repo dealer?
Prepare contribution margin income statement : Fixed costs total $12,000 and variable costs are $5 per bowl. Prepare contribution margin income statement (in good form) for 20xx
What is the value of a japanese project : What is the value of a Japanese project with a growing perpetuity (with growth rate 0.5%) which starts to pay in year 2: Yen 1 mm
Calculate the break-even point in units for this product : Calculate the break-even point in units for this product. Marina Inc. sells a unique product that is popular with upper income families.
How many total units must be sold for jbi to break even : Jeff Bloom Industries, How many total units (total units of coffee mugs + total units of teacups), must be sold for JBI to break even?
Describe the two basic types of transaction exemptions : Describe the two basic types of "transaction" exemptions that may be available to VirtualStream that would allow the firm not to have to register
What is the market value of the collateral : A hedge fund wants to borrow $2,500,000 using a 3 month repurchase agreement. The repo dealer is quoting a buyback price of $2,533,414.86 and a haircut of 2.49%
What is the total payoff on the speculator options portfolio : If IBM's stock price on date T is equal to $118.22 per share, what is the total payoff on the speculator's options portfolio?
What is the time value of the put option : A put option is priced at $12.8 per share and the put's strike price is equal to $79 per share. The price of the underlying stock is equal to $70.12 per share.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find how much carrying amount of the equipment on december

Entity A sells the equipment for ?870,000 on January 1, 20x5. Entity A incurs selling costs of ?20,000 on the sale. How much is the gain (loss) on the sale?

  Prepare the journal entries required to record payment

Southern B.C. Railway Tours (SBC) sells $5,000,000 of 8- year, Prepare the journal entries required to record Payment

  Contribution margin for the current and projected year

Compute (1) the contribution margin for the current and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.)

  Identify an error or irregularity that may be prevented

Identify an error or irregularity that may be prevented or detected by the control procedure. Indicate the function served by each procedure

  Differences between u.s. gaap and igaap

Briefly describe some of the similarities and differences between U.S. GAAP and iGAAP with respect to the accounting for dilutive securities, stock-based compensation, and earnings per share.

  What are some examples of investing activities

What are some examples of investing activities? What are some examples of financing activities? Explain what is the meant for investing activities

  Calculate the employer payroll taxes

Calculate the employer's payroll taxes using the following rates: State unemployment, 4.2%; Federal unemployment, 0.8%

  Determine the amount the company would report

Sales for the year totaled 110,000 units at $16 per unit. Determine the amount the company would report as income before taxes for the year under LIFO

  What are the key issues that the audit team uncovered

What are the key issues that the audit team uncovered during their planning stage? An audit approach which places management's objectives at its centre.

  Identify an event related to inventories

The Internal Revenue Code allows some accountable events to be considered differently for income tax reporting purposes and financial accounting purposes, while other accountable events must be reported the same. Identify an event related to inve..

  Also if you became aware of fraudulent accounting

discuss what procedures a company may take to reduce the chance of computerized fraudulent employee activities. also if

  Marketing Case Research and Analysis

Assessment Task - Marketing Case Research and Analysis - Marketing Mix, Sustainability and Competitive Advantage. Provide a marketing positioning analysis

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