User Account

All Pages

What is your contribution margin

Assignment Help Accounting Basics
Reference no: EM132859173

Question - You are going to open a business making custom cabinets. You can sell each cabinet for 80. It takes a cabinetmaker approximately 45 minutes to make one cabinet. Each cabinetmaker works an 8-hour day earning 18 per hour. Each cabinet uses 25 in raw materials. You usually produce cabinets 20 days a month and can employ two cabinetmakers. You estimate that your fixed costs are 5000 per month.

a. What is your contribution margin?

b. How many cabinets must you make each month to break even?

c. What is your total monthly revenue if you want to earn a 2000 profit?

d. Construct a break even chart for the custom cabinet firm.

Reference no: EM132859173

Questions Cloud

Attitudes and behaviors of followers in organizations : How can servant leadership impact the attitudes and behaviors of followers in organizations? Considering the Christian concept of putting others before
Determine the breakeven sales : Question - When fixed costs are $70,000 and variable costs are 65?% of the selling? price, then determine the breakeven sales
What are the estimated cash disbursements for inventories : Estimated payments in June for purchases prior to May 15,000. What are the estimated cash disbursements for inventories in June
CMP9785M Cloud Development Assignment : CMP9785M Cloud Development Assignment Help and Solution, University of Lincoln - Assessment Writing Service - design, develop, and deploy a full-stack IoT
What is your contribution margin : You usually produce cabinets 20 days a month and can employ two cabinetmakers. What is your contribution margin
Estimate the sales and market share of product : State management decision problems for which the following research problems might provide useful information. For each the question below frame your answer wit
Who is the audience for business letter : Who is the audience for the business letter and how you adapt the style and tone of the business letter to fit the purpose of the document and its audience?
What ap quantity of carrots does the chef need : A chef needs 12 lb of sliced carrots. This preparation of carrots has a yield percent of 86%. What AP quantity of carrots does the chef need to pull
Explain specific process in strategic management : Scenario: Assume that you have been appointed as a strategic management committee member. Specify your focal company

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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