What was the fixed cost associated with the utilities bill

Assignment Help Accounting Basics

Reference no: EM132753190

Question: 1. Our company sells a product for $120 per unit. Variable costs are $90 per unit and fixed costs are $4,000. The company expects to sell 200 units this year. How many units must we sell to earn a profit of $5,000?

2. Our company has reviewed the utilities bills for our company. We have determined that the highest and lowest bills were $5,200 and $3,200 for the months of January and September. If we produced 1,000 and 600 units in these months, what was the fixed cost associated with the utilities bill?

3. Our company sells its product for $60 per unit and has a variable cost of $30 per unit. Total fixed costs equal $20,000. What would be the breakeven point in units if variable cost decreased by $10?

4. Our company sells its product for $80 per unit and has a variable cost of $40 per unit. Total fixed costs equal $18,000. The breakeven in units is 450, and we expect to sell 400 units. What is the margin of safety in dollars?

Reference no: EM132753190

Questions Cloud

Pollution source is impacting environment : Describe how the pollution source is impacting the environment and human health in your community, and provide two examples of each.

Qualitative approaches : Explain the advantages and disadvantages of qualitative as well as quantitative research.

By how much will the expected return on boeing stock change : The beta for Boeing's stock is 0.8. If the expected return on the market portfolio increases by 0.45%, by how much will the expected return on Boeing's stock.

Explore the personal knowledge and skills : Students maintained and submitted weekly reflective narratives throughout the course to explore the personal knowledge and skills

What was the fixed cost associated with the utilities bill : Our company has reviewed the utilities bills for our company. We have determined that the highest and lowest bills were $5,200 and $3,200 for the months.

How chancer plc should account for asset r and asset s : Explain how Chancer plc should account for Asset R and Asset S in its financial statements for the year ended 31 December 2019 in accordance.

Alternative dietary considerations : Think about dietary constraints of people who are lactose intolerant, have celiac disease, do not eat animal proteins, are diabetic, or have hypertension.

What simone actual labor hours worked totaled : What Simone's actual labor hours worked totaled? Farrina Manufacturing uses a predetermined overhead application rate of $8 per direct labor hour.

Vaccine-preventable diseases : You are a public health researcher. You have been asked to identify a vaccine-preventable disease

User Account

All Pages