User Account

All Pages

What monthly revenue needed to reach desired profit

Assignment Help Financial Accounting
Reference no: EM132712961

You are going to open a business making custom cabinets. Using the data in the table, provide answers to the questions below.

Cabinet Selling Price             $ 81
Time to Make One Cabinet   30 minutes
Labor Cost per Hour              $ 17
Raw material Cost per Cabinet  $ 24
Fixed Costs                         $ 6000
Desired Profit per Month           $ 7000

Problem 1: What is your Contribution Margin? $-------- (two decimals)

Problem 2: Cabinets to be made per month to Break Even? ------ ~ cabinetsmonth

Problem 3: Monthly Revenue needed to reach your desired profit?

Reference no: EM132712961

Questions Cloud

Explaining the purpose of the statement of cash flows : Write memorandum to your friend explaining the purpose of the statement of cash flows. Your friend, Diana Wood, recently completed the second year
Compute the Smith pension expense : Smith, Inc. has a pension plan with the following data available for 20X1 and 20X2: Compute the Smith's pension expense for 20X2
Identify key components of the reading process : Identify the key components of the reading process. Which component do you think is the most crucial to becoming an excellent reader? Why?
How should the manager prepare : A manager has to sit down with an employee whose performance has been deteriorating and who has been exhibiting erratic behavior, and make a referral to the.
What monthly revenue needed to reach desired profit : You are going to open a business making custom cabinets.What is your Contribution Margin? What Monthly Revenue needed to reach your desired profit?
Healthcare facilities in emergency : Search the Internet for information on standards and guidelines for healthcare facilities in emergency situations.
Explain different techniques used for controlling forecasts : Explain different techniques used for controlling and monitoring the forecasts for any business problem. The response must be typed.
What is the cost of goods sold using the LIFO cost flow : Sales during the month totaled 180 units for €4,350 each. What is the cost of goods sold using the LIFO cost flow assumption
What are key performance indicators in aged care services : What are the key performance indicators in aged care services in Australia? The response must be typed, times new roman, font size 12.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What amount of income from investment should chicago report

On January 1, 20X7, Chicago Corporation purchased 6,000 shares of Buffalo company's share. What amount of income from this investment should Chicago report?

  The nature and extent of required planning activities

According to PCAOB standards, the nature and extent of required planning activities for an issuer audit are influenced by all of the following factors, except for:

  The ending inventory with the specific identification method

Assuming that for Specific identification method (item 1d) the March 14, 2012, sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30, 2012. What is the cost of goods sold and the ending inventory w..

  Analyzing variable overhead variances for the fiscal period

The management of Tristan Manufacturing is analyzing variable overhead variances for the fiscal period just ended. During the period, Tristan's management used 10,000 hours of direct labor. It had budgeted to use 16,000 hours of direct labor.

  What is the market performance of a company

What is market performance of a company? What are the types of ratios and financial information showing an insight into how the market values the organization?

  Amount of cash required for the payment

Top Notch Company purchased merchandise on account from a supplier for $13,500, terms 2/10, n/30. Top Notch Company returned $4,000 of the merchandise before payment was made and received full credit. If Top Notch Company pays the invoice within the ..

  How the book what color is parachute by richard n bolles

How the book "What Color is your Parachute" by Richard N Bolles can help you reach you're a career job at the big four accounting firms.

  Compute and show the gross profit to be recognised

ACC205 Financial Reporting and Analysis Assignment. Compute and show the gross profit to be recognised for each of the three years

  What is the quoted price of the bond

The bond has a yield to maturity of 6.7 percent, a par value of $2,000, and matures in 23 years. What is the quoted price of the bond?

  What are the total equivalent units for direct materials

The Bottling Department of Rocky Springs Beverage Company had 2,400 ounces in beginning work in process inventory (50% complete). During the period, 40,300 ounces were completed. The ending work in process inventory was 2,000 ounces (60% complete). W..

  Show the influence on the optimal dividend policy

Myron Gordon and John Lintner believe that the re­quired return on equity increases as the dividend payout ratio is decreased. Their argument is based on the assumption

  What is the projected benefit obligation before amendment

What is the projected benefit obligation before amendment on January 1, 2020? What is the projected benefit obligation after amendment on January 1, 2020?

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