Question
In: Accounting
1) Suppose that a company has fixed costs of $15 per unit and variable costs $11...
1) Suppose that a company has fixed costs of $15 per unit and variable costs $11 per unit when 15,500 units are produced. What are the fixed costs per unit when 11,000 units are produced?
2)Total costs for ABC Distributing are $240,000 when the activity level is 9,000 units. If variable costs are $3.0 per unit, what are their fixed costs?
3)Park and West, LLC, provides consulting services to retail merchandisers in the Midwest. In 2019, they generated $750,000 in service revenue. Their total cost (fixed and variable) per client was $2,650 and they served 105 clients during the year. If operating expenses for the year were $300,000 what was their net income?
4)
Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost data represents average cost per unit for 15,000 units of production.
|
Average Cost per Unit |
|
| Direct Materials | $12 |
| Direct Labor | 10 |
| Indirect Materials | 2 |
| Fixed manufacturing overhead | 4 |
| Variable manufacturing overhead | 3 |
| Fixed selling and administrative expense | 8 |
| Variable Sales commissions | 25 |
If 20,500 units are produced, what are the total manufacturing overhead costs incurred?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Suppose a company has fixed costs of $5,500 and variable costs per unit of 7/8x + 1,040...
Suppose a company has fixed costs of $5,500 and variable costs
per unit of 7/8x + 1,040 dollars,
where x is the total number of units produced. Suppose
further that the selling price of its product is 1,200 − 1/8
x dollars per unit.
(a)
Form the cost function and revenue function (in dollars).
C(x)
=
R(x)
=
Find the break-even points.
x =
50,110
(b)
Find the vertex of the revenue function.
(x, y) =
Identify the maximum revenue....
Suppose a company has fixed costs of $47,600 and variable cost per unit of 4/9x +...
Suppose a company has fixed costs of $47,600 and variable cost
per unit of 4/9x + 333 dollars,
where x is the total number of units produced. Suppose
further that the selling price of its product is
1767 −5/9x dollars per unit.
(a) Find the break-even points. (Enter your answers as a
comma-separated list.)
x =
(b) Find the maximum revenue. (Round your answer to the nearest
cent.)
$
(c) Form the profit function P(x) from the cost
and...
Suppose a company has fixed costs of $48,000 and variable cost per unit of 4 9...
Suppose a company has fixed costs of $48,000 and variable cost
per unit of
4
9
x + 333 dollars,
where x is the total number of units produced. Suppose
further that the selling price of its product is
2357 −
5
9
x dollars per unit.
(a) Find the break-even points. (Enter your answers as a
comma-separated list.)
x =
(b) Find the maximum revenue. (Round your answer to the nearest
cent.)
$
(c) Form the profit function P(x)...
A company has $30 per unit in variable costs and $1,200,000 per year in fixed costs....
A company has $30 per unit in variable costs and $1,200,000 per
year in fixed costs. Demand is estimated to be 104,000 units
annually. What is the price if a markup of 40% on total cost is
used to determine the price?
1. A company has fixed cost of $45,000, variable cost per unit of $11, and sells...
1. A company has fixed cost of $45,000, variable cost per unit
of $11, and sells its product at $18 each.
a) What quantity must the firm sell in order to break-even?
Explain how you reached this conclusion.
b) What is the firm's total revenue at the break-even level of
output? Show your calculation.
c) What is the firm's total variable cost at the break-even
level of output?
d) What quantity must the firm sell in order to make a...
Your company has fixed costs of $150,000 per year. The variable costs per unit in 2018...
Your company has fixed costs of $150,000 per year. The variable
costs per unit in 2018 were $3 per unit, and 30,000 units were
produced that year. Your company uses cost-based pricing and has a
profit margin of $3 per unit. In 2019, production increased and
your team had more experience—variable costs went down to $2 per
unit because of your team’s higher skill and 65,000 units were
produced that year. What is the change in selling price from 2018...
Assume Phony Company has variable costs per unit of $23, fixed costs of $600,000, and a...
Assume Phony Company has variable costs per unit of $23, fixed
costs of $600,000, and a break-even point in units of 60,000 units.
If the sales price per unit decreases by $4 and the variable cost
per unit decreases by $4, what would happen to the break-even
point?
A. Break-even point stays the same.
B. Break-even point increases.
C. Break-even point in dollars decreases.
D. Break-even point in dollars decreases and break-even point in
units stays the same.
Steven Company has fixed costs of $239,080. The unit selling price, variable cost per unit, and...
Steven Company has fixed costs of $239,080. The unit selling
price, variable cost per unit, and contribution margin per unit for
the company's two products are provided below.
Product
Selling Price
per unit
Variable Cost
per unit
Contribution Margin
per unit
X
$1,248
$468
$780
Y
473
253
220
The sales mix for products X and Y is 60% and 40% respectively.
Determine the break-even point in units of X and Y combined. Round
answer to nearest whole number.
units...
Steven Company has fixed costs of $239,080. The unit selling price, variable cost per unit, and...
Steven Company has fixed costs of $239,080. The unit selling
price, variable cost per unit, and contribution margin per unit for
the company's two products are provided below.
Product
Selling Price
per unit
Variable Cost
per unit
Contribution Margin
per unit
X
$1,248
$468
$780
Y
473
253
220
The sales mix for products X and Y is 60% and 40% respectively.
Determine the break-even point in units of X and Y combined. Round
answer to nearest whole number.
units
Jasper Company has variable costs per unit of $20, fixed costs of $300,000, and a break-even...
Jasper Company has variable costs per unit of $20, fixed costs
of $300,000, and a break-even point of 60,000 units. What will be
the new break-even point in units if variable costs decrease by $3
per unit and fixed costs increase by $100,000?
93,333 units
33,333 units
50,000 units
200,000 units
At the break-even point:
Sales would be equal to total costs.
Contribution margin would be equal to total fixed costs.
Sales would be equal to fixed costs.
Both sales...
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