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Ad libitum [116K]
3 years ago
15

Locus Company has total fixed costs of $117,000. Its product sells for $51 per unit and variable costs amount to $26 per unit. N

ext year Locus Company wishes to earn a pretax income that equals 50% of fixed costs. How many units must be sold to achieve this target income level
Business
1 answer:
Zina [86]3 years ago
8 0

Answer:

Break-even point in units= 7,020 units

Explanation:

Giving the following information:

Fixed costs= $117,000

Selling price= $51

Unitary variable cost= $26

Desired profit= $58,500

<u>To calculate the number of units to be sold, we need to use the following formula:</u>

Break-even point in units= (fixed costs + desired profit)/ contribution margin per unit

Break-even point in units= (117,000 + 58,500) / (51 - 26)

Break-even point in units= 7,020 units

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3 years ago
Marshall Welding Company has two service departments (Cafeteria and Human Resources) and two production departments (Machining a
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Answer:

the  cost of Human Resources would be allocated to Machining is $480,000

Explanation:

The computation of the cost of Human Resources would be allocated to Machining is given below:

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= $1,200,000 × 100 ÷ (100 +  150)

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3 years ago
Shoreline Insurance deposited $27,000 in an account paying 4 compounded daily on April 2 and deposited an additional $4,200 in t
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Answer:

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Explanation:

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solution

we get here first compound amount that is express as

amount = P × (1+\frac{r}{n})^{nt}     ...................1

put her value

amount = 27000 ×  (1+\frac{0.04}{365})^{(365\times \frac{40}{365})}  

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and

now we add here $4,200 in $27118.60 that will be

new principal P = $31318.60

and time t = 12 may to July 1 = 50 days

we get here amount that is put value in equation 1 we get

amount = $31318.60 ×  (1+\frac{0.04}{365})^{(365\times \frac{50}{365})}

solve it we get

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so that balance on balance on July 1 is $31490.67

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