User Account

All Pages

How many total units need to be sold

Assignment Help Accounting Basics
Reference no: EM132499943

Question - Court Inc. produces two types of products - Gizmos and Gadgets. The following information is available related to each product:

 

Gizmos

Gadgets

Sales price per unit

$80

$50

Variable costs per unit

36

22

Three-fourths of the products sold are Gizmos and one-fourth are Gadgets (3:1). If total fixed costs are $50,000, how many total units need to be sold in order for the company to break even?

a. 1,250

b. 2,500

c. 690

d. 1,389

Reference no: EM132499943

Questions Cloud

Describe a classified income statement : Describe a classified income statement. Be sure to address the classified income statement's four sections and the important financial relationships
Summarize across the different data sources : Trustworthiness - summarize across the different data sources and respond to the following: Explain the trustworthiness of your findings, in terms of.
BULAW5915 Corporations Law Assignment : BULAW5915 Corporations Law Assignment help and solution, Federation University - assessment writing service - What is meant by modern slavery
How much is it earning in economic profit : If its marginal cost is equal to $27 and its average total cost is $18, then how much is it earning in economic profit? Explain the answer in short sentence.
How many total units need to be sold : If total fixed costs are $50,000, how many total units need to be sold in order for the company to break even
Calculate the profit earned by a monopolist : Calculate the profit earned by a monopolist when it produces at the profit-maximizing output level. Explain your answer
What is the technical term for amount : What is the technical term for this amount? Give economic intuition for why one of these amounts is higher than the other.
Prepare journal entry to record the issuance of the bonds : On January 1, 2018, Bochini Corporation sold a $10 million, 8.25 percent bond issue. Prepare the journal entry to record the issuance of the bonds
Firm profit at the profit-maximizing output level : Given a perfectly competitive markets structure at the profit-maximizing output level, a firm's total fixed cost is $30, total variable cost is $170

Reviews

Write a Review

Accounting Basics Questions & Answers

  Retained earnings for the period

What is the beginning retained earnings for the period?

  C co reported a retained earnings balance of 210000 at

c co. reported a retained earnings balance of 210000 at december 31 2010. in september 2011 c determined that insurance

  Discuss the difference between broad- and narrow-sense

discuss the difference between broad- and narrow-sense heritability. describe how one of these could be measured for a

  Prepare the adjusting entry under each basis

Eaton Company has a credit balance of $3,500 in Allowance for Doubtful Accounts. The estimated bad debts expense under the percentage-of-sales basis is $4,100.

  Journalize the admission of day to the partnership

The partners share income equally. Day is admitted to the firm by purchasing one-half of Cox's interest for $13,000.

  Explain what the resulting benefit would be to the employee

explain what the resulting benefit would be to the employee and how much, if any, of the benefit the employee could exclude from income

  Discuss accounts receivable are estimated be uncollectible

Based on an aging schedule of accounts receivable prepared on December 31, 2013, $14,800 of accounts receivable are estimated to be uncollectible

  Mikoo inc manufactures a product that uses 15 in direct

mikoo inc. manufactures a product that uses 15 in direct materials and 8 in direct labor per unit. under the

  On november 10 the board of directors at hilton corporation

on november 10 the board of directors at hilton corporation declared an annual cash dividend of 3 per share on 1000

  Prepare the necessary journal entries if the salaries paid

Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately.

  On january 1 2012 loop raceway issued 650 bonds each with a

on january 1 2012 loop raceway issued 650 bonds each with a face value of 1000 a stated interest rate of 7 paid

  Calculate the net present value of the project

Chicago Co. is interested in purchasing a machine that would improve its operational efficiency. The net present value of the project is

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd