Ratio of contribution margin = ($275 - $187)/$275 = 32%
Break-even point in sales dollars = $345,600/0.32 = $1,080,000.
<h2>
What is Break-even point?</h2>
The amount (total sales revenue) or output level (total units produced) at which a business has recouped all variable and fixed costs is known as the break-even point.
- As a result of Total Cost Equals Total Revenue, there is no profit or loss at break-even.
<h3>How do you determine the break-even point in sales volume?</h3>
Three values must be known in order to calculate a company's breakeven threshold in sales volume:
- a fixed price: Rent is one example of a cost that is not related to sales volume.
- varying expenses costs, such as the price of producing the good, that are based on sales volume
- Price at which the product is sold.
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Answer:
The correct answer is letter "B": direct labor and factory overhead.
Explanation:
Conversion costs are those expenditures as a result of converting raw materials into final goods. Thus, conversion costs imply considering the direct labor costs and the manufacturing overhead costs. Besides, costs of power service and other utilities needed for the production service fall into this category.
Answer:
The correct answer is C: likely that a court will allow the rescission based on a mistake of fact.
Explanation:
Brian was not aware of that fact that the horse is incapable of breeding at the point he buys it, but Larson assures Brian the horse is healthy. In this light, if Brian sues to cancel the contract with Larson, the court will allow it based on a mistake of fact. This way the court will reduce any civil liability or criminal culpability because Larson might not know that the horse cannot breed, although he is certain that the horse is healthy.
The Plain Meaning Rule.
The plain meaning rule states that when the language is unambiguous and clear, you must use the actual language of the contract and not any outside evidence when determining how the dispute is resolved.
Thirdly, storage of services is not possible, as services are consumed when offered to a customer.
Answer: Option 3.
<u>Explanation:</u>
Perishable is a feature where a good or service can not be stored for long. They might get hampered and do not remain like their original self if they are stored.
Services have a perishable nature in the sense that they can not be stored like some of the goods which can be stored. The services are to be consumed then and there at the moment when they are offered to the customers. They can not be kept reserved.
