QUESTION 12 XYZ Shirts is a small firm manufactures imprinted shirts for special occasions. Amachine for printing is rented at the cost of S600 per month One blank shirt costs $5 from the supplier The finished shirts are sold at $20 per shirt. What is the break-even amount (BEPY (Calculate by using the BEP formula, Type in the numeric number of your result)
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- A. Solve the following problems (round off 2 decimal places): 1. A 32" LCD Television with a cost of P24,900 has a markup rate of 25%. Find the selling price. 2. A manufacturer sells his notebooks for P41.75 and his cost in producing each notebook is P35.25. What is the markup? 3. A certain product sold for P29,900 has a 14% markup on cost. How much is the cost of the product? 4. The manager of a clothing store buys a jacket for $850 and sells the jacket for $1.207. Find the markup rate based on cost and based on selling price. 5. If the percentage of cost markup is 25.4%, what would the percentage of selling price markup be?If a home goods retailer pays $32.50 for the vacuum cleaner shown here, answer the following questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) An advertisement has a picture of a vacuum cleaner. From top to bottom, the text of the ad is as follows. 12 amp Powervac Plus $89.99 Microfiltration On-board tools 1 year Product Replacement Policy, $7.99 (a) What is the percent markup based on selling price? % (b) If the retailer pays $1.70 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? % (c) If 6,000 vacuum cleaners are sold in a season and 40% are sold with the insurance policy, how many additional "markup dollars," the gross margin, were made by offering the policy? $ (d) As a housewares buyer for the retailer, what is your opinion of such insurance policies, considering their effect on the "profit picture" of…Acme Inc. manufactures and sells widgets. Acme Inc. sells widgets for $15 each. Acme Inc. uses 3 gizmos for each widget. Gizmos cost $2 each. In December, Acme sold 300 widgets. Acme also pays rent of $500 per month. please show work. A.) What is Acme Inc.'s contribution margin per unit? B.) What is Acme Inc.'s contirbution margin ratio? C.) Assuming the about information is all revenue and expenses for scme, what is December's net income? D.) Determine the fixed cost give the following information: Lowest level of activity- 200 units at a total cost of $600 Highest level of activity- 800 units at a total cost of $1,800 Fixed cost =
- The Reward One Company manufactures windows. Its manufacturing plant has the capacity to produce 12,000 windows each month. Current production and sales are 10,000 windows per month. The company normally charges $250 per window. Requirement 1. Should Reward One accept this special order? Show your calculations. Begin by completing an analysis, and start by showing the computation of the company's operating income without the special order. Next, calculate operating income with the special order, and then calculate the differences between the two columns. (Complete all input fields. For amounts with no change, make sure to enter "0" in the appropriate cells of the Difference column.) Variable costs that vary with number of units produced Direct materials $600,000 Direct manufacturing labor 700,000 Variable costs (for setups, materials handling, quality control, and so on) that vary with number of batches, 100 batches × $1,500 per batch…1-15 Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special occasions. Since she has just begun this operation, she rents the equipment from a local printing shop when necessary. The cost of using the equipment is $350. The materials used in one shirt cost $8, and Gina can sell these for $15 each. (a) If Gina sells 20 shirts, what will her total revenue be? What will her total variable cost be? (b) How many shirts must Gina sell to break even? What is the total revenue for this?Suppose that the demand for a magazine is 2200 copies each week if the magazine is given away for free and drops to 1975 each week if the price is $5 per copy. Find the demand function qD and use it to answer the following questions. You may want to look at pages 71 through 73 in the notes (videos 52 and 53).a. Fill in the blanks below to interpret the slope of the demand function. For every $ Blank 1. Calculate the answer by read surrounding text. increase in price, Blank 2. Calculate the answer by read surrounding text. fewer copies will be sold.b. Determine how many copies of the magazine would be sold each week if the price was set at $11 per copy. Blank 3. Calculate the answer by read surrounding text. copies
- Current Attempt in Progress Greer Golf Supplies is an online store that sells two types of golf balls: practice balls and tournament balls. The golf balls are sold in plastic sleeves containing three golf balls. Practice balls sell for $4 per sleeve; tournament balls sell for $12 per sleeve. Owner Carl Rider purchases the golf balls directly from the manufacturer and pays $1 per sleeve for the practice balls and $4 per sleeve for the tournament balls. Fixed costs total $14,000 per month and include Carl's salary, website hosting, and accounting and legal fees. When preparing the sales forecast for the year, Carl assumed he would sell twice as many sleeves of practice balls as tournament balls. Click here to view the Excel dataset. (a) (c1) Your answer is correct. Calculate the annual breakeven point for Greer Golf Supplies. Tournament Sleeves Practice Sleeves eTextbook and Media * Your answer is incorrect. Sales Mix Calculate the actual sales mix for the year. (Round answer to 1…nt HomewoIR. TOTA Each day a small business owner sells 200 pizza slices at $1.50 per slice and 85 sandwiches at $3.50 each. Business expenses come to $140 per day What is the owner's profit for a ten-day period? The profit is $ Clear all Check answer View an example Get more help- Next Help me solve thisGood morning, Please answer questions Patsy Smith is planning to sell her special knife for $15 per unit. She purchases units from alocal distributor for $6 each. She can return any unsold units for a full refund. Fixed costs forbooth rental, including lighting and security is $4500.Requireda) Compute the breakeven point in units sold. b) Suppose the unit purchased is $5 instead of $6, the fixed cost increases by $500, butthe selling price is unchanged. Compute the new breakeven point in units sold. c) Using the above data, explain how cost behaviour affects Patsy Smith’s decisionmaking?
- Rolf's Golf store sells golf balls for $27 per dozen. The store's overhead expenses are 26% of cost and the owners require a profit of 20% of cost. a. How much does Rolf's Golf store buy the golf balls for? _____________$ per dozen Round to the nearest cent b. What is the price needed to cover all the costs and expenses? _____________$ Round to the nearest cent c. What is the highest rate of markdown at which the store will still break even? _____________% Round to two decimal places d. What markdown rate would price the golf balls at cost? _____________% Round to two decimal placesElmwood Pinecone sells fake Christmas trees with a selling price of $75 and variable costs per unit of $30. The company’s monthly fixed expenses are $22,500. NOTE: You may want to use one of the EXCEL spreadsheets I provided in the module - Chapter03 CM Income Statement.xlsx downloador Chapter03 CM Income Statement BE.xlsx download - to help complete this problem. The following names are to be considered when completing this problem: Operating Income Variable Costs Sales Fixed Costs per Unit Selling Price per Unit Variable Cost per Unit Contribution Margin Fixed Costs Operating Loss What is the Elmwood’s break-even point in units? . Use commas as needed (i.e. 1,234). What is the Elmwood’s break-even point in dollars? . Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Using the names listed above, construct a contribution margin income statement for the month of November when they will sell 900 units. Rounded to whole dollars and…Assume RajanManufacturing Ltd makes sports vest for local soccer, baseball, basketball, and other sports teams. Rajan, the owner, purchases the vests and prints graphics on the vests for each team. The graphics were designed several years ago, so design costs are no longer incurred. On average, Rajan sells 1,000 vests each month. Typical monthly financial data is shown below: Per Unit Total Monthly Data at 1,000 Vests Sales revenue $20 $20 000 Variable costs: Direct materials $8 $8 000 Direct labour 2 2 000 Manufacturing overhead 3 13 3 000 13 000 Contribution margin $ 7 $ 7 000 Fixed costs (rent, salaries, etc.) 4 000 Profit $ 3 000 The monthly information provided relates to the company’s routine monthly operations. A representative of the local university recently approached Rajan to ask about a one-time special order.…