Analyse cost-volume- profit analysis. Calculate and apply break - even point volume analysis. Calculate: Break - even point Sales to earn a profit of $20,000 Fixed cost Variable cost Selling price G $150,000 $15 per unit $30 per unit
Q: Star Garage Limited provides motor vehicle accessories and services for a wide range of vehicles in…
A: Internal controls are policies incorporated by the management to safeguard the assets of the…
Q: Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) 1. NOVAK…
A: The ratio is the technique used by the prospective investor or an individual or strategist to read…
Q: Oriole Snowboarding Company, a public company, purchased equipment on January 10, 2020, for…
A: All the tangible properties are subject to testing for impairment at least once a year. When the…
Q: feteria 50% utting 10% sembly 40% artment Percentage nitorial 20% utting 60% sembly 20% torial…
A: Lets understand the basics.Service department costs can be allocated using either,(1) Direct…
Q: F 8. On August 20, 2024, Madak, Co. decides to invest excess cash of $2,000 by purchasing Wolf, Inc.…
A: Unrealized holding loss refers to a loss on the paper value of an investment that has not been sold.…
Q: TB Problem Qu. 9-375 (Algo) Varcoe Corporation bases its budgets on... Varcoe Corporation bases its…
A: The activity variance is the difference between the flexible budget and planning budget. The…
Q: Required information [The following information applies to the questions displayed below.] At…
A: Accounting equation is a mathematical equation that shows relationship between assets, liabilities…
Q: Alex and Addison are married and have the following income items: Alex's salary Addison's Schedule C…
A: Generally, income is taxable unless it is specifically exempt (not taxed) by law. Your taxable…
Q: Sunland Technologies Inc. held a portfolio of shares and bonds that it accounted for using the fair…
A: A journal entry is a basic accounting record that is used to chronologically track financial…
Q: At December 31, 2024, Bacardi Company had $500,000 in Accounts Receivable and $20,000 in the…
A: To determine the net accounts receivable on the December 31, 2025, balance sheet for Bacardi…
Q: Dividends per share Seacrest Company has 15,000 shares of cumulative preferred 1% stock, $100 par…
A: Cumulative preferred stock refers to a type of preferred stock where, if the issuing company is…
Q: QUESTION 1 McKie Ltd has presented you with the following balances for the year ended September 30,…
A: The income statement may be prepared in a single step or multi-step. The multi-step income statement…
Q: Provincial Inc. reported the following before-tax income statement items: Operating income…
A: The income before tax is calculated as sum of operating income and non-operating income and any…
Q: Sipple Furniture's master budget for the year includes $338,400 for fixed supervisory salaries.…
A: Standard costs are estimates of the actual costs in a company’s production processThen, the actual…
Q: E6-20 (Static) Analyzing Multiproduct CVP [LO 6-6] Tiago makes three models of camera lens. Its…
A: The contribution margin is calculated as the difference between the sales and variable costs. The…
Q: All of the following nondependent taxpayers are U.S. citizens. Which is/are required to file a 2023…
A: The income tax file is required to be filled which is also known as return of income tax for those…
Q: Prefix Supply Company received a 120 customer on account. Assume 360 days in a year. day, 8% note…
A: An interest-bearing note is a debt instrument that bears interest over time. It is a promissory note…
Q: Persaud Corp. convinced Bracebridge Inc. that the two companies should establish Renfrew Ltd. to…
A: Consolidated balance sheet is a financial Statement that shows the financial position of the parent…
Q: Conrad Inc. purchased a patent for $2,900,000 for "a specialty line of patented switch plate covers…
A: Situations of impairment losses occur when an asset's market value is less than its book value The…
Q: chine's net present value. (PV of $1. EV of $1. PVA of $1. all present value factors to 4 decimal…
A: NET PRESENT VALUENet Present Value is one of the Important Capital Budgeting Technique. Net Present…
Q: During the month of January, an employee earned $5, 800 of salary. Withholdings from the employee's…
A: Payroll: It refers to a list of company's employees who are compensated in the form of salaries and…
Q: Prepare the reports in a responsibility system for: The vice president of production. To Vice…
A: Variance is the difference between budgeted amount and actual amount. Variance is favorable when…
Q: Use the information below to answer the questions that follow. Enter your answers using digits only…
A: Depreciation is the method of reducing the historical cost at the end of each year due to normal…
Q: Grouper Corporation had sales revenue of $5,850,000 and investment revenue of $227,000 for the year…
A: Income Statement - It Is One Of The Financial Statements That Shows Profitability, Total Revenue And…
Q: MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost…
A: The budget is prepared to estimate the requirements for the period. The materials budget is prepared…
Q: Nov. 30 Bal. Dec. 15 Dec. 27 Inventory 2,780,000 Dec. 6 1,740,000 Dec. 21 1,500,000 Dec. 31 Dec. 31…
A: The Inventory account is given. Ending balance is calculated by subtracting total of credit from…
Q: Grouper Computer Concepts has three operational units and two support units. Informatic on the…
A: Overhead : Indirect costs incurred while producing goods or services. Overhead costs cannot be…
Q: the purchase for tax purpo 6. Derek purchases a small business from Art on August 30, 2022. He paid…
A: An identifiable non-financial asset with no physical components is referred to as an intangible…
Q: In 2022, a taxpayer has self-employment earnings of $201,000. Required: Compute the taxpayer’s…
A: The objective of this question is to calculate the self-employment tax liability and the allowable…
Q: Travis Company purchased merchandise on account from a supplier for $5,700, terms 2/10, net 30.…
A: Under perpetual inventory system, inventory account is used instead of purchases account. For every…
Q: Saalfrank Corporation is considering two alternatives that are code-named M and N. Costs associated…
A: Relevant costs are expenses or expenditures that are pertinent to a specific decision-making…
Q: On January 1, 2024, HGC Camera Store adopted the dollar-value LIFO retail inventory method.…
A: The retail inventory method is used to evaluate the ending inventory by totaling the value of goods…
Q: Kingbird, Inc. was organized on January 1, 2021. During its first year, the corporation issued 1,500…
A: DECLARATION OF DIVIDENDSDividend is the amount paid by the Corporation its shareholders in return…
Q: In Year 1, Buildall Inc. entered into a $60 million contract to construct a building for a local…
A: IFRS stands for International Financial Reporting Standards. These are a set of accounting standards…
Q: Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as…
A: Variances are the differences between the actual values and budgeted values. If the budgeted values…
Q: On October 1, 2023, Skysong Inc. assigns $3.0 million of its accounts receivable to Alberta…
A: Interest revenue refers to the income earned by charging fees for lending money to borrowers. This…
Q: Grant Industries, a manufacturer of electronic parts, has recently received an invitation to bid on…
A: Relevant cost is the cost which is relevant in decision making. Variable cost is relevant in…
Q: Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware…
A: Cost of Goods Sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending…
Q: Current Attempt in Progress You are asked to prepare the following adjusting entries for Sandra's…
A: Adjusting entries are prepared by management to ensure the accrual basis accounting system. These…
Q: issued the following materials and supplies. Purchases Issues from Storer
A: When material is purchase , it is recorded as current asset in inventory. When it is issued in…
Q: Biloxi Gifts uses a sales journal, purchases journal, cash receipts journal, cash payments journal,…
A: Journal Entry :— It is an act of recording transactions in books of account when transaction…
Q: The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017, is as…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: Required information [The following information applies to the questions displayed below] Janson…
A: As per IFRS any cost incurred upto establishment of technology and commercial feasibility need to be…
Q: Wilma and Fred's div
A: 1]Compensation for services, in whatever form paid, including but not limited to fees, salaries,…
Q: The following information relates to the only product sold by Mastrolia Manufacturing: Sales price…
A: Breakeven is the point at which an entity is in a situation of no profit and no loss. At this point,…
Q: Juniper Design Limited of Manchester, England, is a company specializing in providing design…
A: Residual Income :— It is the amount of income that an entity receives in excess of its opportunity…
Q: Listed below are selected transactions of Schultz Department Store for the current year ending…
A: Journal Entry :— It is an act of recording transactions in books of account when transaction…
Q: The production of Job ACE went much better than planned. In fact, there was a fair amount of good,…
A: Journal entry records the accounting transactions of a business in a journal book. All the business…
Q: The shareholders' equity of Wang Industries includes the data shown below. During 2025, cash…
A: A dividend is a distribution of profits by a company to the shareholders.Share holders mainly two…
Q: ar five periods is 0.68058. Given these factors, what amount should be deposited in a bank today to…
A: In order to assess the possible growth of savings, investments, or other financial instruments over…
Step by step
Solved in 4 steps
- Evaluate the quantity at which revenue equals to costs (break-even point). <use Goal seek> Assumptions: Fixed cost: 5000 Material costs per item: 2.25 Labor costs per item: 6.5 Shipping costs per 100 items: 200 Price per item: 12.99A company would like to determine various costs and points to aid them in deciding whether to expand or not. If you are given the following information, compute the required amounts and / or figures.Selling price / unit = P100 Variable cost / unit = P70Annual fixed cost = P500,000 Compute 5. Sales in units to earn a profit of 10% of sales.Find out BEP in units and value with the following data:Fixed cost - $50000Variable cost - $40 per unitSelling Price - $80 per unitCalculate:1) What will be the profit when the sales is $1000002) What will be the amount of sales if it desires to earn a profit of $15000
- 1. Calculate the contribution margin rate, the sales dollar breakeven point, and the unit sales breakeven point. 2. Use the following information to perform your calculations. a. Net Sales: $50,000.00 b. Contribution Margin: $20,000.00 c. Total Fixed Costs: $15,500.00 d. Unit Sales Price: $25.00 3. Provide the formula and write out the equation that you use for each calculation. a. Contribution Margin Rate: b. Sales Dollar Breakeven Point: C. Unit Sales Breakeven Point:Consider the following information: Contribution to Sales (C/S) Ratio = 25% Selling Price per unit = K70 Total Fixed Costs = K140,000 Required: Calculate Contribution per Unit Variable cost per Unit Break Even Point in Quantity and Sales value termsthere are still these to answer Draw up a marginal cost statement on the basis that 12,000 units will be sold and calculate the net profit or loss c. Briefly explain what is meant by breakeven points d. Calculate the breakeven units in value and explain what it means to the director e. Calculate the sales activity to reach a target profit of £20,000.
- Compute the missing amounts. (Enter the contribution margin ratio to nearest percent, X%.) A Sale price per unit $2,100 Variable costs per unit 840 Total fixed costs 1,045,800 Target profit 1,600,200 Calculate: Contribution margin per unit Contribution margin ratio % Required units to break even Required sales dollars to break even Required units to achieve target profitCompute for what is being asked1. Unit selling price P800 unit variable cost P350 annual sales volume, 620 units, fixed costs and expenses P200,000 per year. Compute the following.a. Contribution margin per unitb. Contribution margin percentagec. BEP sales volume (units)d. BEP peso salee. Operating income (BIT)using the break even salef. Operating income (EBIT) using the annual sales volumeYou are required to (i)Determine profit, when sales =200,000 Fixed cost=40,000 BEP=160,000 (ii)Determine sales, when fixed cost=20,000 Profit=10,000 BEP=40,000
- Using the data below compute of the following: Contribution margin per unit in 3. 2018, 4. 2019 5. 2020 BEP in sales units in 6. 2018 7. 2019 8. 2020 BEP in peso sales in 9. 2018 10. 2019 11. 2020 What is the required sales in unit for the desired Net profit 12. 2018 13. 2019 14. 2020 2018 2019 2020 Sales per unit Desired profit Fixed costs. P7.50 P9.00 P10.00 P15,000 P28,000 P30,000 360,000 375,000 420,000 Variable cost Cost per unit: Variable cost 2.50 4.00 4.00If selling price $40 per unit Variable cost $25 per unit Fixed cost $45000 Required: a) What is the breakeven point per unit ? b)What is the activity level to generate a profit of $40000 c)If the company budgets to sell 5000 units of a product. Calculate the margin of safety. d) Calculate the contribution/Sales Ratio of the product. e)Find the breakeven point in sales revenue. f) Calculate the sales revenue that is required to generate a profit of $40000.If selling price $40 per unit Variable cost $25 per unit Fixed cost $45000 Required: a) What is the breakeven point per unit ? b)What is the activity level to generate a profit of $40000 c)If the company budgets to sell 5000 units of a product. Calculate the margin of safety. d) Calculate the contribution/Sales Ratio of the product. e)Find the breakeven point in sales revenue. f) Calculate the sales revenue that is required to generate a profit of $40000. NB: Please to answer question a-f seperately