Answer:
6,000 units
Explanation:
We know that
Break even point in units = (Fixed expenses ) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
The selling price would be
= $500 - $500 × 4%
= $500 - $20
= $480
And, the Variable expense per unit is $350
So, the contribution margin per unit would be
= $480 - $350
= $130
So, the break even point in unit should be
= $780,000 ÷ $130 per units
= 6,000 units
The total of his assets is $959
<u>Explanation:</u>
assets - liabilities = net worth
assets = net worth + liabilities
assets = 500 + 459
assets = $959
Therefore, the total of his assets is $959
Answer:
Problem statement
Explanation:
Problem statement - it is referred to as the statement that given the clear and crystal information about the current situations. it is considered a good source of analyzing the real situations about the ongoing project.
This statement describes the current situations between the current and desired aim of the projects. it expressed the problem in two or three statements.
Answer:
Correct answer is B, $2,500
Explanation:
To get profit, First, deduct variable cost from sales for the period to get the contribution margin. Finally, Deduct fixed cost from contibution margin to get the profit for the period.
Computation would be:
Sales (1,000 x 7) $7,000
Less: Variable cost (1,000 x 3) <u>$3,000</u>
Contribution margin $4,000
Less: Fixed cost (1,000 x 1.5) <u>$1,500</u>
Profit $2,500
*<em>It can also be done by deducting variable cost from the selling price to get the unit contribution margin then deduct the fixed cost from the unit contribution margin and from it multiply the output sold to get the profit.</em>
