nere the mnarket price for Its product is $115 per unit. Jaybird desires a 30% profit per unit. Jaybird expects to sell 5,000Fixed Costs(total)ad$ 45,00oand administrative18,000es by how much? Jaybird Company operates in a highly competitive market where the market price for Its product is $115 per unit. Jaybunits. Acdditional information is as follows:Variable CostsperUnitFixed Costs(total)18Overhead$ 45,00DirectmaterialsDirectlabor19Generaland administrative18,0Overhead17Generaland administrative23To achieve the target cost per unit, Jaybird must reduce total expenses by how much?Multiple Choice$47,000$52,500$36,000

Answer: Jaybird company need to reduce its total cost by $45,500 to achieve targeted costs per unit

Jaybird Company operates in a highly competitive market where the market price for its product is $115 per unit. Ja units. Aadditional information is as follows: Variable Costs per Unit Fixed Costs (total) Direct materials 18 Overhead Direct labor 19 General and administrative 18 Overhead 17 General and administrative 23 To achieve the target cost per unit, Jaybird must reduce total expenses by how much? Multiple Choice $47,000

Jaybird Company operates in a highly competitive market where the market price for its product is $115 per unit. Ja units. Aadditional information is as follows: Variable Costs per Unit Fixed Costs (total) Direct materials 18 Overhead Direct labor 19 General and administrative 18 Overhead 17 General and administrative 23 To achieve the target cost per unit, Jaybird must reduce total expenses by how much? Multiple Choice $47,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The total cost formula for a company can be modeled by TC = 12570+ 50x where x represents the number of items sold. A formula for the company's total income is modeled with TR 80x, where a represents the number of items sold. This company will breakeven when its total costs equal its total income. - How many items must this company sell to breakeven? Answer:
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