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FinnZ [79.3K]
3 years ago
7

Bobcat Industrial Supply is considering a new project with estimated depreciation of $46,000, fixed costs of $39,000, and total

sales of $487,000. The variable costs per unit are estimated at $21.00. What is the accounting break-even level of production?
Business
1 answer:
ololo11 [35]3 years ago
8 0

Answer:

19,142.86 unit

Explanation:

Let the number of units be X

We know that,

Profit = Total Sales - Variable cost per unit × number of units - fixed cost - estimated depreciation

$0 = $487,000 - $21X - $39,000 - $46,000

$0 = $402,000 - $21 X

So, the X would be

= $402,000 ÷ $21 per unit÷

= 19,142.86 units

In a break even point, the firm has no profit or no loss so we assume the profit is $0

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George consumes two goods, milk and cookies. He has maximized his utility given his income. Milk costs $2 per gallon and he cons
olga nikolaevna [1]

Answer:

George buys 5 bags of cookies each month

Explanation:

Given

Milk = \$2 (per gallon)

Marginal\ Utility\ (milk) = 4

Cookies = \$4 (per bag)

Required

Determine the number of bags of cookies he buys

First, we need to determine the marginal utility of cookies

To solve this, we make use of the following formula:

\frac{MU\ of\ Milk}{Cost\ of\ Milk} = \frac{MU\ of\ Cookies}{Cost\ of\ Cookies}

Substitute values for

<em>MU of Milk = 4</em>

<em>Cost of Milk = 2</em>

<em>Cost of Cookies = 4</em>

<em />

This gives:

\frac{4}{2} = \frac{MU\ of\ Cookies}{2}

2 = \frac{MU\ of\ Cookies}{2}

MU\ of\ Cookies = 2 * 2

MU\ of\ Cookies = 4

From the given table:

The corresponding bags of cookies for marginal utility of 4 is 5

Hence:

George buys 5 bags

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3 years ago
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4 0
3 years ago
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Identify the situation below that will result in a favorable variance.
DENIUS [597]

Answer:

d. Actual revenue is higher than budgeted revenue.

Explanation:

When the Actual income/revenue/benefit is higher than the budgeted/estimated income/revenue/benefit, the variance will be favorable.  

When the Actual income/revenue/benefit is lower than the budgeted/estimated income/revenue/benefit, the variance will be unfavorable.  

When the Actual expense/cost/loss is higher than the budgeted/estimated expense/cost/loss, the variance will be unfavorable.

When the Actual expense/cost/loss is lower than the budgeted/estimated expense/cost/loss, the variance will be favorable.

a.

As the actual cost incurred is higher than the cost estimated, then the variance in both costs is unfavorable.

b.

As the actual Income earned is lower than the income estimated, then the variance in both incomes is unfavorable.

c.

As the actual expense incurred is higher than the expense estimated, then the variance in both expenses is unfavorable.

d.

As the actual revenue incurred is higher than the revenue estimated, then the variance in both revenues is favorable.

e.

As the actual revenue earned is lower than the revenue estimated, then the variance in both revenues is unfavorable.

5 0
3 years ago
Learned Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 5.30 Direct labor $
Sonja [21]

Answer:

$119,200

Explanation:

The Absorption Costing method is recommended by GAAP or IFRS for financial reporting instead of Variable Costing method.

Thus to calculate product costs under absorption costing, we add the total of all manufacturing costs (Variable and Fixed),

Non - Manufacturing costs are treated as Period Costs which are expensed in the Income Statement.

Direct materials ($ 5.30 x 8,000 units)                                  $42,400

Direct labor ($ 3.75 x 8,000 units)                                         $30,000

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therefore,

The total amount of product costs incurred to make 8,000 units is $119,200.

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Answer:

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