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Blababa [14]
3 years ago
12

Mishoe Corporation has provided the following contribution format income statement. Assume that the following information is wit

hin the relevant range. Sales (1,000 units) $ 50,000 Variable expenses 32,500 Contribution margin 17,500 Fixed expenses 12,250 Net operating income $ 5,250 The break-even point in unit sales is closest to:______ a) 0 units b) 895 units c) 700 units or 650
Business
1 answer:
Vesna [10]3 years ago
5 0

Answer:

700 units

Explanation:

Mishoe corporation has a sales of $50,000(1,000 unit)

Variable expense is $32,500

Contribution margin is 17,500

Fixed expenses is 12,250

Net operating income is $5,250

The first step is to calculate the contribution margin per unit

= $17,500/1000

= $17.5 per unit

Therefore, the break-even point in unit sales can be calculated as follows

= Fixed cost/contribution margin per unit

= $12,250/$17.5

= 700 units

Hence the break-even point in unit sales is closest to 700 units

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6 0
3 years ago
In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be
RUDIKE [14]

Answer:

Option (B) is correct.

Explanation:

Unit of account:

There are some functions of money or we can say that characterstics of money:

(a) Medium of exchange

(b) Store of value

(c) Unit of account

(d) Standard of deferred payments

Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.

By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.

That's why sea shells unfit to act as money today.

8 0
3 years ago
The price of coffee rose sharply last month, while the quantity sold remained the same. five people suggest various explanations
Virty [35]
<span>The price of coffee rose sharply last month, while the quantity sold remained the same can be a  result of several situations and therefor there are several explanations that are possible:
</span><span>Demand increased, but supply was perfectly inelastic.
</span><span>Demand increased, but supply decreased at the same time.
</span>Supply decreased, but demand was perfectly inelastic.
5 0
3 years ago
Read 2 more answers
Salespeople at Janie's Cookie Company want to draw the attention of their customers through blogs, Twitter, and LinkedIn, rather
Serga [27]

Answer:

D. Inbound Marketing

Explanation:

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7 0
3 years ago
A manufacturing company has budgeted direct labor hours of 600 at a variable overhead rate per direct labor hour of $20. The bud
LekaFEV [45]

Based on the labor hours and the overhead rate as well as the fixed cost, the total budgeted overhead cost will be $12,500.

<h3>What is the budgeted overhead cost?</h3>

This can be found as:

= (Variable cost per labor hour x Number of labor hours) + Fixed overhead cost

Solving gives:

= (20 x 600) + 500

= 12,000 + 500

= $12,500

In conclusion, the total overhead cost that would be budgeted is $12,500.

Find out more on budgeted costs at brainly.com/question/25406806.

3 0
2 years ago
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