What is the break-even point in units for Legrand

Assignment Help Accounting Basics
Reference no: EM132700277

Problem - Legrand Company produces hand cream in plastic jars. Each jar sells for $3.40. The variable cost for each jar (materials, labor, and overhead) totals $2.55. The total fixed cost is $58,140. During the most recent year, 81,600 jars were sold.

Required -

What is the break-even point in units for Legrand? What is the margin of safety in units for the most recent year?

Prepare an income statement for Legrand's most recent year.

How many units must be sold for Legrand to earn a profit of $25,500?

What is the level of sales dollars needed for Legrand to earn operating income of 10% of sales?

Reference no: EM132700277

Questions Cloud

Ceate a demo using a data analytic or bi tool : You have been asked by management (manufacturing, healthcare, retail, financial, and etc. ) to create a demo using a data analytic or BI tool.
Find brenda prefers that the painting : Assume Brenda sold a painting at a loss in 2020. She sold no other property in 2020 and had no capital loss carryforwards. Brenda prefers that the painting
What is the result for richard : Richard sold two machines used in his business. They were the only two assets sold during the year. After netting the two transactions, what is the result?
How much material was needed for the entire group of orders : After all the individual orders are entered in the workbook as worksheets, the new Excel workbook calculates how much material was needed for the entire group.
What is the break-even point in units for Legrand : Legrand Company produces hand cream in plastic jars. Each jar sells for $3.40. What is the break-even point in units for Legrand
Riding with field training officer : You are a rookie police officer and are riding with a Field Training Officer (FTO).
Which would result in a recognized capital loss : Which would result in a recognized capital loss (before netting process) to the taxpayer? Reesa purchased a vintage bottle of wine in 2015 for $8000.
Which is true with respect after netting the two transaction : Zelda, She sold no other property during the year. Which of the following is/are true with respect after netting the two transactions?
How does the reduction in fixed cost affect : Total fixed cost is $197,600. How does the reduction in fixed cost affect the break-even point? Operating income? Margin of safety

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