Melody manufacturing produces a hip-hop cd that is sold for

Assignment Help Accounting Basics
Reference no: EM13605563

Melody Manufacturing produces a hip-hop CD that is sold for $10. The contribution margin ratio is 40%. Fixed expenses total $7,000.

Instructions

(a) Compute the variable cost per unit.

(b) Compute how many CDs Melody Manufacturing will have to sell in order to break even.

(c) Compute how many CDs Melody Manufacturing will have to sell in order to make a target net income of $16,200.

Reference no: EM13605563

Questions Cloud

These transactions took place for renda co 2011 may 1 : these transactions took place for renda co. 2011 may 1 received a 5000 1-year 6 note in exchange for an outstanding
Find the absolute pressure p in the cylinder b if a mercury : the piston of a vertical piston-cylinder device containing a gas has a mass of 200 kg and a cross-sectional area of
Maria chavez owns a catering company that serves food and : maria chavez owns a catering company that serves food and beverages at parties and business functions. chavezs business
A club has 200 members 45 of whom are lawyers 38 of the : a club has 200 members 45 of whom are lawyers 38 of the memebres are liars while 132 are neither lawyers nor liars.
Melody manufacturing produces a hip-hop cd that is sold for : melody manufacturing produces a hip-hop cd that is sold for 10. the contribution margin ratio is 40. fixed expenses
Presented below are three different transactions related to : presented below are three different transactions related to materiality. explain whether you would classify these
Captain enterprises supplies schools with floor mattresses : captain enterprises supplies schools with floor mattresses to use in physical education classes. captain has received a
Seaver corporation manufactures mountain bikes it has fixed : seaver corporation manufactures mountain bikes. it has fixed costs of 4620000. seavers sales mix and contribution
Harist corporation sold 5000 units in may sales were : harist corporation sold 5000 units in may. sales were 400000 variable expenses were 240000 and fixed expenses were

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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