Break-even point in dollar sales using the equation method

Assignment Help Financial Accounting
Reference no: EM131255227

Mauro Products distributes a single product, a woven basket whose selling price is $28 and whose variable expense is $22.12 per unit. The company’s monthly fixed expense is $16,464.

Required:

1. Solve for the company’s break-even point in unit sales using the equation method. (Do not round your intermediate calculations.)

2. Solve for the company’s break-even point in dollar sales using the equation method and the CM ratio.(Do not round intermediate calculations. Round "CM ratio percent" to nearest whole percent.)

3. Solve for the company’s break-even point in unit sales using the formula method. (Do not round your intermediate calculations.)

4. Solve for the company’s break-even point in dollar sales using the formula method and the CM ratio.(Do not round intermediate calculations. Round "CM ratio percent" to nearest whole percent.)

Reference no: EM131255227

Questions Cloud

Transactions on books parks-recreation perpetual care fund : The City of Ridgetown received a gift of $3,000,000 from a local resident on April 1, 2012 and signed an agreement that the funds would be invested on a permanent basis and the income would be used to maintain all of the city parks and recreation cen..
What is interesting or helpful about this view : What's interesting or helpful about this view? What would I notice if I believed this view? In what sense or under what conditions might this idea be true?"
Create a detailed step system for completing legal research : Write a two to three (2-3) page paper in which you: Create a detailed three (3) step system for completing the legal research process. Explain the manner in which each step in the process would ensure thorough research in your legal assignments. Ju..
Break-even point in dollar sales using the equation method : Mauro Products distributes a single product, a woven basket whose selling price is $28 and whose variable expense is $22.12 per unit. The company’s monthly fixed expense is $16,464.  Solve for the company’s break-even point in unit sales using the eq..
How would you describe craig jelinek''s personality : Submit a 300- to 700-word paper which answers all of the following questions: How would you describe Craig Jelinek's personality? What terminal and instrumental values are likely to be especially important to him as a manager
The conversion cost per equivalent unit : The debits to Work in Process—Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $ 7,200 Conversion costs, 3,000 units,  The conversion cost per equivalent un..
Discuss the recommended action for each employee : Classify each team member into one of the four matrix areas. Discuss the recommended action for each employee depending on his/her classification
Initial cost basis and accumulated tax depreciation : Firm OCS sold business equipment with a $20,000 initial cost basis and $7,315 accumulated tax depreciation. In each of the following cases, compute OCS’s recaptured ordinary income and Section 1231 gain or loss on sale. (Leave no cell blank. Enter "0..

Reviews

Write a Review

Financial Accounting Questions & Answers

  On july 23 plitt company factored 300000 in accounts

on july 23 plitt company factored 300000 in accounts receivable for cash of 280000. the factor with held 7 percent of

  What corrective action would likely be taken

Suppose investigation reveals that the cause of an unfavorable materials usage variance is the use of lower-quality materials than are normally used. Who is responsible? What corrective action would likely be taken?

  Calculate return on investment

Ashton Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide which performance measure will be used to evaluate profitability. Calculate return on investment. (R..

  Material price variance and the material usage

What relationship might exist between the material price variance and the material usage and labor efficiency variances and what relationship might exist between the labor rate variance and the labor efficiency variance?

  Prepare journal entries for jeppo farm equipment company

Assuming Lujan Brothers Farm fulfills all the terms of the note, prepare the necessary journal entries for Jeppo Farm Equipment Company for the entire term of the note.

  In 2010 harrier corporation a calendar year c corporation

in 2010 harrier corporation a calendar year c corporation has a 100000 gain from sale of real estate. the real estate

  Evaluate production costs per unit for both approaches

Purpose absorption and contribution margin income statements for the succeeding quarter for the division. Evaluate production costs per unit for both approaches and for both quarters.

  Yield annual cash flows-iron ore extraction project

A company is considering an iron ore extraction project that requires an initial investment of $500,000 and will yield annual cash flows of $150,000 for 4 years. The companies hurdle rate is 9%. What is the NPV of the project?

  Prepare parent companys equity-method journal entries

Prepare Parent Company's Equity-Method Journal Entries to record the operating results of the subsidiary and any entry necessary to record depreciation and/or amortization of Subsidiary's Net Assets.

  Prepare entry phoenix makes to record the acquisition

Prepare the entry Phoenix makes to record the acquisition of Spark and prepare a working paper to consolidate the balance sheets of Phoenix and Spark at January 31, 2014.

  Useful tool for the firm''s accounting and auditing practice

A local CPA, who has been in practice for several years, has recently met with a local Internet Service Provider to determine the feasibility of developing a website for her CPA firm. The CPA has been reluctant to develop an online presence, but is o..

  Finding out the minimum selling price acceptable to

finding out the minimum selling price acceptable to manufacturer.generators inc. produced emergency backup generators

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