Melody manufacturing produces a hip-hop cd that is sold for

Assignment Help Accounting Basics
Reference no: EM13605563

Melody Manufacturing produces a hip-hop CD that is sold for $10. The contribution margin ratio is 40%. Fixed expenses total $7,000.

Instructions

(a) Compute the variable cost per unit.

(b) Compute how many CDs Melody Manufacturing will have to sell in order to break even.

(c) Compute how many CDs Melody Manufacturing will have to sell in order to make a target net income of $16,200.

Reference no: EM13605563

Questions Cloud

These transactions took place for renda co 2011 may 1 : these transactions took place for renda co. 2011 may 1 received a 5000 1-year 6 note in exchange for an outstanding
Find the absolute pressure p in the cylinder b if a mercury : the piston of a vertical piston-cylinder device containing a gas has a mass of 200 kg and a cross-sectional area of
Maria chavez owns a catering company that serves food and : maria chavez owns a catering company that serves food and beverages at parties and business functions. chavezs business
A club has 200 members 45 of whom are lawyers 38 of the : a club has 200 members 45 of whom are lawyers 38 of the memebres are liars while 132 are neither lawyers nor liars.
Melody manufacturing produces a hip-hop cd that is sold for : melody manufacturing produces a hip-hop cd that is sold for 10. the contribution margin ratio is 40. fixed expenses
Presented below are three different transactions related to : presented below are three different transactions related to materiality. explain whether you would classify these
Captain enterprises supplies schools with floor mattresses : captain enterprises supplies schools with floor mattresses to use in physical education classes. captain has received a
Seaver corporation manufactures mountain bikes it has fixed : seaver corporation manufactures mountain bikes. it has fixed costs of 4620000. seavers sales mix and contribution
Harist corporation sold 5000 units in may sales were : harist corporation sold 5000 units in may. sales were 400000 variable expenses were 240000 and fixed expenses were

Reviews

Write a Review

Accounting Basics Questions & Answers

  Indicate the type of evidence obtained ie physical

substantive tests of accounts receivable the following situations were not discovered by an inexperienced staff auditor

  Paint company manufactures paint x and paint y and can sell

paint company manufactures paint x and paint y and can sell all it can make of either. based on the following data

  Cate the net income under the current situation

jensen company has the following situationsales price 40 per unitvariable cost per unit 25 per unitfixed costs

  Compute the depreciation expense to be recognized each

depreciation expense please help answer in detailon july 1 srini construction purchased special-purpose equipment at a

  Convertible preferred stock 2500 shares of 85 50 par

mcwade company has 36000 shares of common stock outstanding at the beginning of 2014. mcwade issued 4500 additional

  On january 10 2010 shore company purchased a block of these

ship corporation had outstanding 100000 shares of no-par common stock. on january 10 2010 shore company purchased a

  City parks department activities are financed entirely

city parks department activities are financed entirely with general fund appropriations. it receives two invoices one

  Assume you are opening a bed bath and beyond store to

assume you are opening a bed bath and beyond store. to finance the business you need a 500000 loan and your bank

  Account for inventory at year-end

What inventory system do you use and why? What are its advantages and disadvantages? What activities should you perform to correctly account for your inventory at year-end? Why is it important to track inventory? What does this information tell you a..

  Net working capital is expected to decline by 5000 the firm

a corporation is evaluating the relevant cash flows for a capital budgeting decision and must estimate the terminal

  Bdj co wants to issue new 25-year bonds for some

bdj co. wants to issue new 25-year bonds for some much-needed expansion projects. the company currently has 7.8 percent

  What is the variable cost per unit

The Junior League of Tampa, Florida, collected recipes from members and published a cookbook entitled Life of the Party. The book will sell for $22 per copy. The chair woman of the cookbook development committee estimated that the league needed to..

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