Prepare a cvp graph with units sold as the horizontal axis

Assignment Help Financial Accounting
Reference no: EM13940085

COST-VOLUME-PROFIT GRAPHS

Lotts Company produces and sells one product. The selling price is $10, and the unit variable cost is $6. Total fixed costs are $10,000.

Required:

1. Prepare a CVP graph with ‘‘Units Sold'' as the horizontal axis and ‘‘$ Profit'' as the vertical axis. Label the break-even point on the horizontal axis.

2. repare CVP graphs for each of the following independent scenarios:

a. Fixed costs increase by $5,000.

b. Unit variable cost increases to $7.

c. Unit selling price increases to $12.

d. Assume that fixed costs increase by $5,000 and unit variable cost is $7.

Reference no: EM13940085

Questions Cloud

Why do we need to incarcerate so many individuals : We have the highest incarceration rate of any industrialized nation and yet the public's perception is that the Criminal Justice System in the US is "too soft on crime". Why do we need to incarcerate so many individuals? Why is the public's percept..
Two java application using java netbeans ide : The application should ask the user to enter annual sales, and it should display the total annual compensation.
Case study-pharmaceutical testing-human subjects : BioPharmaWizard Ltd. has developed a new drug for the treatment of a specific type of cancer. Initial phases of testing have been most encouraging and the decision has been made to proceed to human testing.
What is precipitory theory of victimization : Explain workplace violence. What are the top five job categories with the highest incidence of workplace violence? Describe in your own words why violence occurs in these specific settings. Give some examples.
Prepare a cvp graph with units sold as the horizontal axis : Prepare a CVP graph with ‘‘Units Sold'' as the horizontal axis and ‘‘$ Profit'' as the vertical axis. Label the break-even point on the horizontal axis.
Describe the structure of triacylglycerols and explain : What physical property is used to classify an organic molecule as a lipid? b) Briefly explain the 5 major functions of lipids.
Customer job using a workstation in workshop : Mechanics log time and parts used against the customer's job using a workstation in the workshop. A stock is kept of commonly used parts and materials. The system keeps track of current inventory and re-orders automatically as needed. The system wi..
Meselsohn and stahl with e coli on dna replication : Your short account should include descriptive and explanatory text with annotated diagrams as appropriate. You should expect to write about a side of A4 for each answer. Each topic carries equal marks.
Edit a java program to generate a better code : I need your help with this java program (That is what I have so far its not displaying the medal count)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the contribution margin percentage

Suppose Lattin Corp.'s breakeven point is revenues of 1,500,000. Fixed costs are 720,000. 1. Compute the contribution margin percentage. 2. Compute the selling price if variable costs are $13 per unit. 3. Suppose 90,000 units are sold. Compute the ma..

  Purpose a report that reconciles the total cost

Purpose a report that reconciles the total cost assigned to the ending work in process inventory and the units transferred out with the costs in the beginning inventory and costs added during the period.

  How would transaction be handled on statement of cash flows

The Bodner Corporation sold a machine with a cost of $10,000 and accumulated depreciation of $6,000 for a selling price of (a) $7,000; (b) $2,000. How would this transaction be handled on the statement of cash flows?

  Question financial services corporation implementing an hr

question financial services corporation implementing an hr balanced scorecard case study?will you please answer the

  What is dollar amount of interest paid on commercial paper

Horizon Telecom sold $300,000 wor th of 120-day commercial paper for $298,000. What is dollar amount of interest paid on the commercial paper? What is the effective 120-day rate on the paper?

  Prepare a 3-year schedule of interest bond and revenue

prepare a 3-year schedule of interest bond and revenue discount amortization applying the straight-line method ?here is

  You are a assistant for tyler corporation it is mid-january

you are a assistant for tyler corporation. it is mid-january 2011 and you are helping to prepare the tyler corporations

  Calculate cost of goods sold

During the year, net sales were $125,000; gross profit was $50,000; net income was $20,000; income tax expense was $5,000; and selling, general, and administrative expenses were $22,000.

  What is the selling percale

Sue Bee Honey is one of the largest processors of its product for the retail market. Assume that one of its plants has annual fixed costs totaling $8,000,000 of which $300,000 is for administrative and selling efforts. Sales are anticipated to be 800..

  About the semi annual coupon bond

Suppose your company needs to raise $45 million and you want to issue 30-year bonds for this purpose. Assume the required return on your bond issue will be 6 percent, and you're evaluating two issue alternatives: A semi annual coupon bond with a 6 pe..

  Discuss the general and specific risks facing the yaslike

Identify and discuss the general and specific risks facing the Yaslike Ltd group from a treasury perspective. Your discussion should include the potential treasury risks associated with obtaining a loan from Wolfgang Engineering GmbH.

  The effective interest method is used

On January 1, 2015 Bono Company sold property to Leary Company. There was no established exchange price for the property, and Leary gave bono a $2,000,000 zero interest bearing note payable in 5 equal annual installments of $400,000, with the first p..

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