Accounting breakeven point quantity

Assignment Help Cost Accounting
Reference no: EM13829213

In this assessment you will use the data provided below and conduct a profit (CVP) analysis. You will be graded based on your understanding of profit (CVP) analysis, the accuracy of your calculations, the validity of you conclusions and your ability to clearly communicate your analysis. To complete this assignment, follow these steps.

  1. Assume the following information about cost and charges for a hospital in 2014:

Fixed Costs = $10,000,000

Variable cost per inpatient Day = $200

Charge Per Inpatient Day = $1,000.

Initial volume of 15,000 inpatient days

  1. Estimate the: a) accounting breakeven point quantity (in terms of inpatient days) and breakeven dollar amount and b) the economic breakeven point quantity (inpatient days) and dollar amount. 
  2. Explain the contribution margin.

Reference no: EM13829213

Questions Cloud

Feedback and recommendations during recruitment : In preparation for the new staff your organization will employ, review the current induction program. In documenting the results of your review, particularly comment on the following points and make recommendations as appropriate.
What is the value of a share of procter & gamble stock : 12.Procter & Gamble will pay an annual dividend of $0.65 1 year from now. Analysts expect this dividend to grow at 12% per year thereafter until the fifth year. After then, growth will level off at 2% per year. According to the dividend-discount mode..
How strategic planning might benefit the organization : For this Discussion, you consider your vision for a non-profit or government organization and reflect on how strategic planning might benefit the organization
What do you notice about the source of total energy : what do you notice about the source of total energy? Using the information in TABLE 1 for 13C, can you offer an explanation for the differences between the age groups in the 13C content of their red blood cells?
Accounting breakeven point quantity : Estimate the: a) accounting breakeven point quantity (in terms of inpatient days) and breakeven dollar amount and b) the economic breakeven point quantity (inpatient days) and dollar amount
Draw a time line to show the cash flows of the project : Mini-Project 1: Mortgage Loan Analysis: Mr. Johnson plans to buy a new house at Bean Town in September 2014. The sale price of the house is $366,000. He is going to pay 20% down payments and borrow additional 80% from Wells Fargo with a 20-year, 3.87..
Human resource planning training-assistance program : The human resource planning process in any organization will no doubt result in the need for recruitment and selection action to be taken.
Evaluate the nurse recruiting strategy : How would you evaluate the nurse recruiting strategy currently being used by the hospital? Is the hospital using too few or too many recruiting sources?Why? 2.      If you feel the hospital is using too many recruitment sources, which ones would you ..
Difference between hrm and shrm concpets : Briefly mention about Virgin/Virgin Atlantic and quote Richard Branson. Briefly discuss the new concept HRM and the missing link to strategy.

Reviews

Write a Review

 

Cost Accounting Questions & Answers

  Entries for the transactions using a general journal

Prepare the entries for the transactions using a general journal - The old drill press and $65,000 in cash were given for the new drill press.

  The routine accounting of the factories

Though much of your efforts will be in the routine accounting of the factories' operations, you will also be involved with departments where large capital expenditures are made. In the past, the firm has not seen the expected returns from a new inves..

  Compute a plantwide predetermined oh rate

Roddickton Manufacturing Co. has gathered the following information to develop predetermined OH rates for 2013. The company produces a wide variety of energy-saving products that are processed through two departments, Assembly (automated) and Fini..

  Distinction between adjusting and non-adjusting events

Explain the distinction between adjusting and non-adjusting events and discuss the requirements under the standard for the disclosure of events after the reporting period

  You are a consultant management accountant who has been

you are a consultant management accountant who has been engaged by a medium to large fast growing company jessup ltd.

  Evaluate ending cash balance

Evaluate ending cash balance

  Prepare wasmeiers income statement presentation

Wasmeier had 100,000 shares of common stock outstanding all year. Prepare Wasmeier's income statement presentation of earnings per share.

  Financial statement reporting acceptable according to gaap

advertising activities can be related to products by using activity-based costing. Would allocating these activities to products for financial statement reporting be acceptable according to GAAP?

  Cash flow if brisbane keeps using its current system

Find what is the Year three cash flow if Brisbane keeps using its current system and what is the Year 3 cash flow if Brisbane replaces its current system?

  Determine the contribution margin per unit

Determine the contribution margin per unit and number of units that Hinshaw must sell to break even.

  What are the expected cash receipts for each month

What are the expected revenues for S2BU for each month, April through September? Revenues are recorded in the month of the occasion and what are the expected cash receipts for each month, April through July?

  The direct operating cost of the departments

The direct operating cost of the departments (including both variable and fixed costs) were as follows. Purchasing $96,000. Maintenance 18,000. Fabrication $72,000. Assembly $48,000. The total cost accumulated in the sales department using the recipr..

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd