Tim Taylor has written a self improvement book that has the following cost characteristics:

Selling Price	$16.00 per book
Variable cost per unit:
Production	$4.00
Selling & administrative	2.00
Fixed costs:
Production	$93,000 per year
Selling & administrative	25,800 per year

How many units must be sold to break-even?

Round to two decimal places.

Expert Solution

Total variable costs per unit=(4+2)=$6 per unit

Total fixed costs=(93000+25800)=$118800

Contribution margin=Sales-Variable cost

=(16-6)=$10 per unit

Breakeven=Fixed expenses/Contribution margin

=118800/10

=11880 units

jeff jeffy answered 2 years ago

The Taylor Corporation is using a machine that originally cost $66,000. The machine has a book...

The Taylor Corporation is using a machine that originally cost $66,000. The machine has a book value of $66,000 and a current market value of $40,000. The asset is in the Class 8 CCA pool. It will have no salvage value after 5 years and the company tax rate is 40%. Jacqueline Elliott, the Chief Financial Officer of Taylor, is considering replacing this machine with a newer model costing $70,000. The new machine will cut operating costs by $10,000 each...

Which of the following is most likely a strategy for self-improvement?

Which of the following is most likely a strategy for self-improvement?comparing your performance to otherssetting specific goals for yourselffocusing on your obstaclesclarifying your mistakesdemanding help from others

Taylor Inc. uses a standard cost system. The company has the following results for the current...

Taylor Inc. uses a standard cost system. The company has the following results for the current period: Budget Actual Fixed overhead $ 160,000 $ 160,000 Units 6,500 units 6,000 units Direct labour-hours (DLH) 13,333 hours 12,500 hours Standard quantity of DLH per unit 2.0152 hours Variable overhead is applied at $27.50 per direct labour-hour. Actual variable overhead was $310,600. Required: 1. Compute the fixed overhead budget variance and the volume variance. (Indicate the effect of each variance...

Need a long self explanatory analysis and book review about the following book:- The Great Rebalancing:...

Need a long self explanatory analysis and book review about the following book:- The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy by Michael Pettis

The book has the question written as such: In a dynamic, constantly changing economy, would you...

The book has the question written as such: In a dynamic, constantly changing economy, would you expect most markets ever to reach an equilibrium price? What about markets for various classes of real estate?

Select a children's book. After reading the book complete the following information: Summarize self-efficacy theory (two...

Select a children's book. After reading the book complete the following information: Summarize self-efficacy theory (two to three sentences) Summarize the book (three to four sentences) Connect the book to self-efficacy theory (three to four sentences). How does the book display elements of the theory?

The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation: Tim (30% of...

The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation: Tim (30% of gains and losses) 100,000 Tam (20%) 150,000 Tom (50%) 200,000 Tem invests $220,000 in cash, paid to the partnership, for a 20% ownership stake. Using the Goodwill method, what are the goodwill amount to be recognized and Tim’s capital balance, respectively? 650,000; 220,000; 650,000; 295,000; 430,000; 229,000; 430,000; 295,000; None of the answers is correct The Tim-Tam-Tom partnership has the following capital balances and profit and...

C#: A book publisher has limited the cost of every book they publish to no more...

C#: A book publisher has limited the cost of every book they publish to no more than 10 cents per page. Create a BookException class with a constructor that requires three (3) arguments for each book: a string title, a double price and an int number of pages. Create an error message that is passed to the Exception class constructor for the Message property when a book does not meet the price-to-pages ratio. The error message might be: For...

hand written answer Question 11 Red Frog Brewery has $1,000-par-value bonds outstanding with the following characteristics:...

hand written answer Question 11 Red Frog Brewery has $1,000-par-value bonds outstanding with the following characteristics: currently selling at par; 5 years until final maturity; and a 9 percent coupon rate (with interest paid semiannually). Interestingly, Old Chicago Brewery has a very similar bond issue outstanding. In fact, every bond feature is the same as for the Red Frog bonds, except that Old Chicago’s bonds mature in exactly 15 years. Now, assume that the market’s nominal annual required rate of...

1 A renewable energy electricity supply technology has the following characteristics: Capital cost ($) Annual operating cost...

1 A renewable energy electricity supply technology has the following characteristics: Capital cost ($) Annual operating cost ($) Lifetime (years) Salvage value ($) Annual electricity supplied (MWh) 380 000 29 500 25 42 000 380 If the owner can sell the electricity at 30 c/kWh, calculate the lifecycle cost of the technology over an assessment period of 25 years at a real discount rate of 5% Calculate the average unit cost of the power in present value terms (in cents/kWh) supplied...

Question