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valentinak56 [21]
3 years ago
6

North Company sells a single product. The product has a selling price of $30 per unit and variable expenses of 70% of sales. If

the company's fixed expenses total $60,000 per year, then it will have a break-even of:
Business
1 answer:
zavuch27 [327]3 years ago
5 0

Answer:

$200,000

Explanation:

Given:

Selling price = $30

variable expenses = 70% of  = 70% of $30 = $21

Fixed cost = $60,000

Computation of contribution margin :

Contribution\ margin = \frac{Selling\ price-variable\ expenses}{Selling\ price}\\\\Contribution\ margin = \frac{30-21}{30}\\\\Contribution\ margin = 0.3\\\\

Computation of break-even sales:

Break-even sales = Fixed cost / contribution margin

Break-even sales = $60,000 / 0.3

Break-even sales = $200,000

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Simone is a 26-year-old who lost her job as a copy editor for a local newspaper. She has spent the past few weeks out of work an
AlekseyPX

Answer:

Simone will be considered unemployed.

Explanation:

Simone is 26 years old, this means that she is in the adult population. She used to work as a copy editor for a newspaper. She has lost her job and is actively looking for work. She will be considered an unemployed person and will be included in the labor force.  

Those workers who do not have a job currently but are actively looking for one are considered unemployed. Those who are without jobs but are not actively looking for one are considered discouraged workers and are not included in the labor force. The labor force includes only employed and unemployed workers.

5 0
3 years ago
Characteristics of Production Process, Cost Measurement Vince Melders, of EcoScape Company, designs and installs custom lawn and
Ugo [173]

Answer:

1) Job-order costing

2)$ 7.2 per direct labor hour

3)$ 7.941 per direct labor hour

4)Cost of installation= $ 4108.23

Explanation:

In job order costing the cost accounting procedures are designed to assign costs to each job. Then the costs assigned to each job are averaged over the units of production in the job to obtain an average cost per unit.

A process costing system accumulates all production costs for a large number of units of outputs and then these costs are averaged over all the units.

1) As each job is different, requiring different materials and labor for installing the systems Job-order costing will be used.

2) If normal costing is used then the  Overhead cost are $50,328

Number of direct labor hours are 6,990

The overhead rate=Overhead costs/ Number of direct labor hours

The overhead rate=$50,328/6,990= $ 7.2 per direct labor hour

3) The average actual wage rate = Actual Overhead costs / Number of direct labor hours

The average actual wage rate = $48,043.05/ 6,050=$ 7.941 per direct labor hour

4) Direct materials=$3,540

Direct labor hours= 30

Actual Direct Labor rate =  ($66,550/6,050 )= $ 11

Direct Labor = ($66,550/6,050 )*30 =11*30=$ 330

Overheads 30 *7.941= $ 238.23

Cost of installation= $3,540 +$ 330+$ 238.23= $ 4108.23

5 0
2 years ago
Orange manufactures orange juice. last month's total manufacturing costs for the operation included:_______
Black_prince [1.1K]

Orange manufactures orange juice. final month's overall production costs for the operation covered: Direct exertions, production overhead, and conversion fees.

Manufacturers are described because of the creation of recent merchandise, either from raw materials or components. Examples of products include car companies, bakeries, shoemakers, and tailors, as all of them create products, as opposed to presenting offerings.

Manufacturers are the making of products by means of hand or via gadgets that upon finishing touch the business sells to a customer. items utilized in manufacture may be raw substances or component components of a larger product. the production generally takes place on a massive-scale production line of equipment and professional exertions.

A manufacturer is any enterprise that produces completed items from uncooked substances. They sell these items to clients, wholesalers, distributors, shops, and different manufacturers trying to create more complicated gadgets. manufacturers typically persist with one form of the product.

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7 0
1 year ago
Diego transfers real estate with an adjusted basis of $648,400 and fair market value of $907,760 to a newly formed corporation i
Monica [59]

Answer:

123,196

Explanation:

Recognized gain

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= 123,196

Basis = 0

3 0
3 years ago
Suppose the Federal Reserve announces that it will be making a change to a key interest rate to increase the money supply. This
lubasha [3.4K]

Answer:

Correct option is B

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Explanation:

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Or then again an expansion in cash supply will diminish loan fee prompting increment in venture and subsequently increasingly capital development, because of which more work is required and therefore joblessness diminishes.

4 0
3 years ago
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