All categories

3 years ago

Michael's Machine Shop reports the following information for the quarter.

Business

1 answer:

m_a_m_a [10]3 years ago

3 0

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the variable cost per unit:</u>

Variable cost per unit= Materials + Labor + Plant supervision + Selling and administrative

Variable cost per unit= 18 + 15 + 8 + 9

Variable cost per unit= $50

<u>Now, the fixed cos</u>t:

Fixed costs= Selling and administrative + Production

Fixed costs= 47,620 + 142,860

Fixed costs= $190,480

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 190,480 / (70 -50)

Break-even point in units= 9,524

<u>Finally, the expected sales:</u>

expected sales= 23,810*70

expected sales= $1,666,700

You might be interested in

The key factor distinguishing retailers from other members of the supply chain is that.

Airida [17]

The key factor distinguishing retailers from other members of the supply chain is that they sell to customers for their personal use.

<h3>What do you mean by customers?</h3>

A client is someone who purchases goods, services, products, or ideas from a seller, vendor, or supplier in exchange for money or another useful consideration.
This definition applies to sales, business, and economics.
Customers who frequently purchase from a business establish conventions that enable regular, sustained trade, which enables the business to create statistical models to improve production procedures (which alter the nature or form of goods or services) and supply chains (which changes the location or formalizes the changes of ownership or entitlement transactions).

<h3>What types of customers are there?</h3>

5 different consumer types

New customers.
Impulsive buyers.
Angry customers.
Persistent customers.
Loyal customers.

Learn more about customers here:

brainly.com/question/13472502

#SPJ4

3 0

2 years ago

what circumstances could impact a business ability to share their profits with non profit organizations

Juli2301 [7.4K]

A non- profit organisation cannot gain profit from the business.

Explanation:

In case of non profit organisation the main aim is to help with health care as well as education. Non- profit organisation is important because it helps in building healthy communities and it also helps in maintaining mobility and stability.They help in strengthening communities as well as non profit leader acted as people's voice.

The circumstances that impact a business ability to share their profits with non profit organisations are the non profit organisation acts as a pulse for the community, non profit organisation helps to develop corporate culture, the volunteers grow as organisation grows.

8 0

4 years ago

What is Cboe? Wha is CME?

horrorfan [7]

Chicago Board Options Exchange, And Continuing Medical Education. Sorry if i got them wrong you weren't that specific.

3 0

3 years ago

Read 2 more answers

Flo Choi owns a small business and manages its accounting. Her company just finished a year in which a large amount of borrowed

prohojiy [21]

Answer:

See the answers below

Explanation:

Depreciation: when a valuable assets loses value over time

the decision she took was to reduce salvage value, increase depreciation expenses and decrease profit tax

. Is Choi’s rule an ethical violation, or is it a legitimate decision in computing depreciation?

Choi's choice of rule is unethical but there are companies in recent tines who employ the same method. It is not keeping with best practices. However, she can employ the recent accounting methods. disclosed if there are changes made.

3. How will Choi’s depreciation rule affect the profit margin of her business?

Her profit margin will increase almost by double

6 0

3 years ago

All of the following are TRUE about child abuse EXCEPT:

Simora [160]

They don't need child abuse!!

5 0

3 years ago

Read 2 more answers