Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Standard $ 58.00 24.50 Rental price per day. Variable cost per day Biscayne's total fixed cost is $25,500 per month. Deluxe $ 66.00 29.20 Required: Determine Biscayne's new break-even point in each of the following independent scenarios: 1. Product mix is 40/60 2. Sales price increases on both models by 15 percent. (Assume a product mix of 50/50.) 3. Fixed costs increase by $5,000 (Assume a product mix of 50/50) 4. Variable costs increase by 20 percent (Assume a product mix of 50/50.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 41 Determine Biscayne's new break-even point for the following independent scenario: Product mix is 40/60. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number, Break-Even Point Rental Days

Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Standard $ 58.00 24.50 Rental price per day. Variable cost per day Biscayne's total fixed cost is $25,500 per month. Deluxe $ 66.00 29.20 Required: Determine Biscayne's new break-even point in each of the following independent scenarios: 1. Product mix is 40/60 2. Sales price increases on both models by 15 percent. (Assume a product mix of 50/50.) 3. Fixed costs increase by $5,000 (Assume a product mix of 50/50) 4. Variable costs increase by 20 percent (Assume a product mix of 50/50.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 41 Determine Biscayne's new break-even point for the following independent scenario: Product mix is 40/60. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number, Break-Even Point Rental Days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Rental price per day Variable cost per day Standard $68.00 29.50 Deluxe $76.00 34.20 Biscayne's total fixed cost is $28,000.00 per month. Required: 1. Determine Biscayne's new break-even point in each of the following independent scenarios: a. Product mix is 40/60. (Do not roind your intermediate calculations. Round your answer to the nearest whole number.) Break-Even Point Rental Days b. Sales price increases on both models by 10 percent. (Assume a product mix of 50/50.) (Do not round your intermediatecalculations. Round your answer to the nearest whole number.) Rental Days Pk Even Point Cs Scanned with CamScanner
Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Rental price per day Variable cost per day Standard $ 40.00 Deluxe $48.00 15.50 20.20 Biscayne's total fixed cost is $21,000 per month. Required: Determine Biscayne's new break-even point in each of the following independent scenarios: 1. Product mix is 40/60. 2. Sales price increases on both models by 15 percent. (Assume a product mix of 50/50.) 3. Fixed costs increase by $3,200. (Assume a product mix of 50/50.) 4. Variable costs increase by 20 percent. (Assume a product mix of 50/50.)
Biscayne’s Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Standard Deluxe Rental price per day $ 46.00 $ 54.00 Variable cost per day 18.50 23.20 Biscayne’s total fixed cost is $22,500.00 per month.Required:1. Determine Biscayne’s new break-even point in each of the following independent scenarios:a. Product mix is 40/60. (Do not round your intermediate calculations. Round your answer to the nearest whole number.) b. Sales price increases on both models by 15 percent. (Assume a product mix of 50/50.) (Do not round your intermediatecalculations. Round your answer to the nearest whole number.) c. Fixed costs increase by $3,800. (Assume a product mix of 50/50.) (Do not round your intermediate calculations. Round your answer to the nearest whole number.) d. Variable costs increase by 20 percent. (Assume a product mix of 50/50.) (Do not round your intermediate calculations. Round your answer to the nearest…
Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: De luxe $ 46.00 18.40 Rental price per day Variable cost per day Biscayne's total fixed cost is $13,120 per month. Required: 1. Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers. 2. Which model would Biscayne's prefer to rent? 3. Calculate Biscayne's break-even point if the product mix is 50/50. 4. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 75 percent of the time and the deluxe model is rented for only 25 percent. Standard $ 40.00 14.40 5. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 25 percent of the time and the deluxe model is rented for 75 percent. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Unit Contribution Margin Contribution Margin Ratio Required 3…
Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Deluxe Standard Rental price per day Variable cost per day $70.00 $90.00 19.60 27.00 Biscayne's total fixed cost is $33,294 per month Required: 1. Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers. 2. Which model would Biscayne's prefer to rent? 3. Calculate Biscayne's break-even point if the product mix is 50/50. 4. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 75 percent of the time and the deluxe model is rented for only 25 percent 5. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 25 percent of the time and the deluxe model is rented for 75 percent.
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Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Standard Rental price per day Variable cost per day $60.00 24.00 Deluxe $68.00 30.60 Biscayne's total fixed cost is $20,454 per month. Required: 1. Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers. 2. Which model would Biscayne's prefer to rent? 3. Calculate Biscayne's break-even point if the product mix is 50/50. 4. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 75 percent of the time and the deluxe model is rented for only 25 percent. 5. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 25 percent of the time and the deluxe model is rented for 75 percent. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Determine the contribution margin…
Gladstorm Enterprises sells a product for $50 per unit. The variable cost is $34 per unit, while fixed costs are $14,560. Determine the following: Round your answers to the nearest whole number. a. Break-even point in sales units _________ units b. Break-even point in sales units if the selling price increased to $60 per unit __________ units
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