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Neko [114]
3 years ago
8

Data concerning Farm Corporation's single product appear below:

Business
1 answer:
scoundrel [369]3 years ago
7 0

Answer:

$221,000

Explanation:

Breakeven Point is the level of Sales where business has no profit no loss. At this level of sales the business covers all the varible and fixed expenses.

Contribution margin = Selling Price - Variable cost

Contribution margin = $290 - $78.3

Contribution margin = $211.70

Contribution margin Ratio =

Contribution margin Ratio = Contribution margin / Sales

Contribution margin Ratio = $211.70 / $290

Contribution margin Ratio = 0.73 = 73%

Breakeven Point = Fixed Cost  / Contribution margin ratio

Breakeven Point = $161,330 / 73%

Breakeven Point = $221,000

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Explanation:

6 0
2 years ago
A company enters into a short futures contract to sell 5000 bushels of wheat for 571'4 cents per bushel. The initial margin is $
zalisa [80]

Answer:

563.4 cents

Explanation:

A margin call occurs when the margin of an investment falls bellow the maintenance margin.

In this problem, the production costs for 5,000 bushels are given by:

Margin = Price*units -Cost\\\$1,500=\$5.714*5000 - Cost\\Cost = \$27,070

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4 0
3 years ago
Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skil
jek_recluse [69]

Answer:

Direct material quantity (efficiency) variance= $60,500 unfavorable

Explanation:

Giving the following information:

Standards:

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Allen produced 2,000 units during the quarter.

Direct material used= 7,500 pounds

To calculate the direct material efficiency variance, we need to use the following formula:

Direct material quantity (efficiency) variance= (standard quantity - actual quantity)*standard price

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Direct material quantity (efficiency) variance= $60,500 unfavorable

It is unfavorable because the company used more materials that estimated to produce 2,000 units.

5 0
2 years ago
Marketing logistics includes all of the following EXCEPT ________. reverse logistics inbound logistics producer-centered logisti
Nana76 [90]

Answer:

producer-centered logistics

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8 0
2 years ago
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Lorico [155]

Answer:

The answer is: A) cognitive and psychological dimensions of a global mind set

Explanation:

Global mindset can be defined as the ability to adjust to different cultural environments (e.g. traditions, norms, ways of doing business, etc.) and being able to deal with people from other backgrounds and styles.

In simple words, global mindset is the ability to think globally, the whole world is your home.

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3 years ago
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