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What is the breakeven point in dollars

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Reference no: EM13492218

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Complete the following problems:

  • E4-5
  • P4-8
  • P4-10
  • P5-4
  • P5-9

E4

  • Meeker Company is developing a new product. The selling price has not yet been determined, nor are the variable costs per unit known. The fixed costs are $600,000. Management plans to set the selling price so that variable cost is 55 percent of the selling price.
    • A.        What is the contribution margin ratio?
    • B.        What is the breakeven point in dollars?
    • C.        If management desires a profit of $50,000, what will total sales be?

E5

  • Crow, Inc., a not-for-profit company, has a product contribution margin of $40. The fixed costs are $800,000. Crow, Inc., has set a target profit of $35,000 per year.

 

  •  
    • A.        What is the breakeven point in units?
    • B.        How many units must be sold to achieve the target profit?
    • C.        If fixed costs decrease 10 percent, how many units must be sold to achieve the target profit?

 

Reference no: EM13492218

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