Answer:
Break-even point in dollars= $36,364
Explanation:
Giving the following information:
A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools $20. The fixed cost for the firm is $20,000.
To calculate the break-even point in dollars for the firm, we need to use the following formula:
Break-even point (dollars)= Total fixed costs / [(weighted average selling price - weighted average variable expense)/ weighted average selling price]
weighted average selling price= (selling price* weighted sales participation)= $50
weighted average variable cost= (variable cost* weighted sales participation)
weighted average variable cost= (25*0.5 + 20*0.50)= $22.5
Break-even point in dollars= 20,000/ [(50 - 22.5)/ 50]= $36,364
Answer:
C : $27,000
Explanation:
Mainly there are two types of cost i.e variable cost and the fixed cost. The variable cost is that cost which is change when the production level change whereas the fixed cost is that cost which remains constant whether production level changes or not
So, the variable cost includes indirect material, indirect labor, and utilities
And, the fixed cost includes supervision and depreciation expense.
Now the fixed cost would be
= Supervision + depreciation expense
= $22,000 + $5,000
= $27,000
Answer:
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Explanation:
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Answer: The accounts DEBITS are listed first then the accounts CREDITS would be listed next.
Explanation: In preparing a journal entry, the journal entry date is first stated. This is followed by all accounts DEBITS and the accounts CREDITS are listed next.
The sum of the debits on the journal entry must equate the total sum of the credits. This will help to balance the trial balance.
Answer: I don’t know the year you were born