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Nitella [24]
2 years ago
5

Northern Pacific Fixtures Corporation sells a single product for $28 per unit. If variable expenses are 65% of sales and fixed e

xpenses total $9,800, the break-even point is: (Round your intermediate calculations to 2 decimal places.) Garrison 16e Rechecks 2017-08-04 Multiple Choice $15,077 $18,200 $9,800 $28,000
Business
1 answer:
Advocard [28]2 years ago
5 0

Answer:

$28,000

Explanation:

The computation of the break-even point in dollars amount is shown below:

Break-even point in dollars amount = Fixed expenses ÷ Contribution margin ratio

where,

Fixed expenses is $9,800

And, the contribution margin ratio

= (Selling price per unit - variable cost per unit) ÷ (Selling price per unit) × 100

= ($28 - $28 × 0.65) ÷ ($28) × 100

= ($28 - $18.2)  ÷ ($28) × 100

= 35%

So, the Break-even point in dollars amount is

= $9,800 ÷ 35%

= $28,000

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7 0
2 years ago
Greer Company developed the following data for the current year:
bixtya [17]

Answer:

option (C) is correct.

Explanation:

Given that,

Beginning work in process inventory: $102,000

Direct materials used: 156,000

Actual overhead: 132,000

Overhead applied: 138,000

Cost of goods manufactured: 675,000

Total manufacturing costs: 642,000

Company's direct labor cost for the year:

= Total manufacturing costs - Overhead cost - Direct materials cost

= Total manufacturing costs - Overhead applied - Direct materials used

= $642,000 - $138,000 - $156,000

= $348,000

5 0
2 years ago
Policy involves government changes to spending or taxation to affect the economy.
Katarina [22]

Fiscal policy involves government changes to spending or taxation to affect the economy.

<h3>What is meant by fiscal policy?</h3>

This is the use of government tools such as taxes or expenditure in the stimulation of a given economy. The use of fiscal tools could be either for a contractionary government policy or it could be expansionary in nature.

Contractionary means the raise in taxes and the decrease in government spending. The expansionary policy is the opposite of this. Hence we have to say that Fiscal policy involves government changes to spending or taxation to affect the economy.

Read more on Fiscal policy here:  brainly.com/question/6583917

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6 0
2 years ago
In which of the following teams is leadership of most importance to coordinate the efforts of various teams in order to produce
Sauron [17]

Answer: problem-solving teams

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5 0
2 years ago
When manufacturing overhead costs are assigned to production in a process cost system, it means that
Colt1911 [192]

Answer:

<em>When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.</em>

Explanation:

When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.

Absorption costing system is that where units of products and inventories are valued using full cost. Full cost implies that each product would be charged for an amount of the<em> fixed production overhead </em>in addition to the variable cost.

The fixed overhead is charged using a predetermined overhead absorption rate.

8 0
3 years ago
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