Wongstah Software Corp. had a net income of $68,000, total revenue of $455,000, and total variable costs of $348,600. a. What were the variable costs as a percent of sales? Round to two decimal places if necessary b. What was its total revenue at break-even?
Q: Activity‐based costing achieves more realistic allocation of overhead costs by associating these…
A: Activity-based costing (ABC) is a costing strategy that allocates overhead and aberrant expenses to…
Q: Account inquiry (hours) Account billing (lines) Account verification (accounts) $69,000 $40,000…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Opening Case: Q-Cells Q-Cells exemplifies the successes and challenges of global importing and…
A: Please find the attached answers to the above given two questions according to the case study.
Q: se give detail answer I will definitely upvote
A: In GDP calculation, only the services given by other with monetary terms will be included in GDP.…
Q: Extreme Manufacturing Company provides the following ABC costing information: Activities Total Costs…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: 1. Verify numerically that when TC = Q² mar- ginal cost is MC = 2Q. 2. What are the optimal output,…
A: TOTAL COST is the sum of money spent by a firm on producing a given level of output of a product.…
Q: Jasmine decides to make and sell jelly cups. It costs jasmine Rs.1000 to set up and Rs.50 per cup…
A: Since you have posted a question with multiple subparts, we will solve the first three subparts for…
Q: John was a high school teacher earning a net salary of $54,000 per year. After working for one year,…
A: John's salary as a teacher= $54000 Monet he borrowed from bank at 5% interest= $40000 Interest paid…
Q: John was a high school teacher earning a net salary of $54,000 per year. After working for one year,…
A: Paying interest on the loan is an Explicit cost Interest on Loan amount 40,000 x 5%…
Q: Galley Company, a manufacturer of small kitchen appliances, had the following activites, allocated…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Assume that B = -Q² + 4,500Q and C= 2Q are the benefits and costs of increasing the units of X-brand…
A: Answer a) Given Information Revenue = B = -Q2 + 4,500Q Cost = C = 2Q2 The Profit funcation for X…
Q: You are the buyer for The Shoe Outlet. You are looking for a line of men’s shoes to retail for…
A: Let selling price =100 then, Profit =45 So, Cost = selling price - profit =100-45 =55
Q: Calculates the book profit or loss as well as the economic gain or loss in each of the following…
A: Book profit is also known as the accounting profit which represents the financial value of the…
Q: The difference between TC and TVC falls with increase in output True / False
A: Total cost is given as the sum of Total fixed cost and total variable cost. TC = TFC + TVC
Q: Canadian firm Hexo Corporation, of Kanata produces marijuana has implicit costs of $380.000 and…
A: Accounting profit = total revenue - Explicit cost Economic profit = Total revenue - (Explicit cost…
Q: ou own AAA Audio/Video Repair. You make service calls to customers’ homes to repair their…
A: Fixed cost = 10,000 Variable cost = 20/service
Q: Tyson Foods is the largest U.S. beef and chicken supplier, processing more than 100,000 head of…
A: Given: Units of the head of cattle = 100,000 Chickens weekly = 40 plus million Total gas station =…
Q: GERIAL ECONOMICS) Show algebraic solution please The accounting department head of MOOG Controls…
A: Given Information Interst rate (i) = 7% or 0.07Growth rate (g) = 10.25 %
Q: The differences between average total costs and average variable costs declines as a firms output…
A: The difference between average total cost and average variable cost declines as a firms output…
Q: A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copy…
A: Fixed cost= $51,000 Variable cost=$2.30 Price=$18
Q: Extreme Manufacturing Company provides the following ABC costing information: Activities Total Costs…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Its variable cost per unit grew with the quantity generated in a break-even study. Every node in a…
A: The break-even point of a business can be stated in terms of dollars of income , or items produced…
Q: Plant sizes get larger as you move from ATC-1 to ATC-4. Output ATC-1 ATC-2 ATC-3 ATC-4 1,500 $ 10 $…
A: Answers As we can observe in the given table there is a variation in ATC for the same level of…
Q: Extreme Manufacturing Company provides the following ABC costing information: Activities Total Costs…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: State if the given statement is True/False As soom as MC starts rising, AVC also starts rising.
A: Marginal cost refers to the additional cost of producing the extra unit of output, while average…
Q: Vegemite has been recently introduced to the Chinese market. It sells for the equivalent of $2 per…
A: Given Price of vegemite (P)=$2 per jar Variable cost of vegemite VC = $0.50 per jar Fixed cost (FC)…
Q: Pitt Jones Company had the following activities, allocated costs, and allocation bas Activities…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: A young chef is considering opening his own sushi bar. To do so, he would have to quit his current…
A: Explicit cost refers to out of pocket expense that is incurred in order to purchase or hire input.…
Q: Get your Guns Up Photo sells three basic types of cameras for travelers. Their fixed costs are…
A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…
Q: A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copy…
A: Break even Point : Break even point can be defined as a point below which no producer will sell as…
Q: Tirm s tot tal reve equals $30,00 Implicit costs equal $20,00, and explicit costs equal $30,000.…
A: Accounting profit refers net income for a company, that is revenue minus expenses. Accounting profit…
Q: break-even
A: Break-even analysis entails calculating and examining the margin of safety for an entity based on…
Q: Historically, The Travel Club has distributed advertising costs to its resort sites in Europe on the…
A: ABC stands for Activity based costing method which is refer to the method of recognizing the various…
Q: What are the variable costs? (show below) What are the fixed costs? (show below) Which one is a…
A: The expenditure incurred by a producer on acquiring the factors of production is referred to as the…
Q: ould you please answer this statement from the perspective of 'it depends': If a start-up does not…
A: Break even point is the point at which the firm neither makes the profit nor makes the loss. At the…
Q: Which of the following is NOT a strategic operations management decision? maintenance O layout price…
A: Price and Demand: Price and demand are inversely related because as the price of the commodity…
Q: You are the CFO of a firm that sells and produces phones. Your firm is currently selling 1000 phones…
A: Producer always produce the product when he earn some profit on them or revenue is more than its…
Q: AT the profit maximizing level of input use, which of the follow ng are true a. MVP =0 O MVP = MIC…
A: MVP is the value of additional output in resulting from the use of one more unit of variable input…
Q: Under which stage of the product life cycle, price as a lead variable is particularly appropriate…
A: The product life cycle has five stages: Introduction Growth Maturity Decline, and Abandonment
Q: PakPerfect Inc. estimates equation of its total costs of production as TC = 500 + 10Q + 5Q2 and…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Thomas, a highly successful manager, quit his job in a large retail store so that he could start his…
A: The key motive that drives the firms in a market is profit. Profit is calculated by subtracting…
Q: MANAGERIAL ECONOMICS) Show algebraic solution please The accounting department head of MOOG…
A: Given Information Interest rate (i) = 7% or 0.07Annual Growth rate (g) = 0% Current Profit = Php 5.2…
Q: (MANAGERIAL ECONOMICS) Show algebraic solution please The accounting department head of MOOG…
A: Below is the given values: Company's profit = 5.2 billion Interest rate ( i ) = 7% Growth rate (g) =…
Q: True/False Average revenue is the derivative of total revenue
A: # Average revenue is given as the ratio of total revenue and total quantity produced. AR = TR/Q
Q: 4. The formula in computing breakeven point per unit is to * Deduct margin of safety from budgeted…
A: The Break-even point is the point where the total revenue of the firm equals its total cost. In…
Q: AC and AVC can intersect each other. True/False
A: Average cost and average variable cost are both the average values of total cost and total variable…
Step by step
Solved in 2 steps
- Question 5 of 16 Sandra's company has a machine that can produce a maximum of 45,000 components per annum. She sells each component for $5.30. The fixed costs are $35,000 per annum and variable costs are $0.42 per component. a. What is the break-even volume? Round up to the next whole number b. What is the break-even revenue? Round to the nearest cent c. What is break-even as a percent of capacity per annum? % Round to two decimal places if necessary d. If she produced and sold 23,600 components in a year, what was the profit made or loss incurred? Express the answer as a positive number for profit and negative number for loss, rounded to the nearest cent e. What is the maximum profit per year that she can expect from her company?2020 total fixed costs 2020 unit variable costs a. Decreased Increased b. Decreased Decreased Increased Increased с. d. Increased Decreased Pesos, GUse a graphing calculator to graph a break-even chart. Choose the correct answer below. OA OB E Crno Q Q G C (All graphs have a viewing window such that q ranges from 0 to 15 with a scale of 1 and y ranges from 0 to 70 with a scale of 7.) The break-even quantity (in thousands) is q -0. (Round to one decimal place as needed. Use a comma to separate answers as needed.). D. SU
- Use the following table to calculate AVC - use previous calculations and keep your calculation for follow up questions: Total Output Total Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120 50 $180 60 $280 a. Total Output Total Cost AVC 0 $20 $20 10 $40 $2 20 $60 $2 30 $90 $2.33 40 $120 $2.5 50 $180 $3.20 60 $280 $4.33 b. Total Output Total Cost AVC 0 $20 $10 10 $40 $20 20 $60 $20 30 $90 $23.33 40 $120 $25.5 50 $180 $32 60 $280 $43.33 c. Total Output Total Cost AVC 0 $20 $2 10 $40 $2 20 $60 $2.33 30 $90 $2.5 40 $120 $3.20 50 $180…Use the accompanying graph to answer the following questions. Assume the company makes 83,000 parts per month of Product A and 39,000 parts per month of Product B. Click the icon to view the provided graph. (a) Which Product has the higher variable cost, and what is this value in units of dollars per part? Product B has the higher variable cost. This value is $.50 /part. (Type an integer or a decimal. Round y (b) Which Product has the higher selling price, and what is this value in units of dollars per part? Product B has the higher selling price. This value is $ 1.69 /part. (Type an integer or a decimal. Round (c) Which Product has the faster breakeven time, and what is this value in units of months? Product B has the faster breakeven time. This value is 22 month(s). (Type a whole number.) (d) At 6 years, which Product makes more profit and what is this value in units of dollars? At 6 years Product A makes more profit. This value is $4,850,000. (Type a whole number.) k my instructor…Calculate profits given:- Total revenue = $10,000 Total cost = $7700
- Use the following table to calculate MC - use previous calculations and keep your calculation for follow up questions: Total Output Total Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120 50 $180 60 $280 a. Total Output Total Cost MC 0 $20 $0 10 $40 $4 20 $60 $3 30 $90 $3 40 $120 $3 50 $180 $3.6 60 $280 $10 b. Total Output Total Cost MC 0 $20 $0 10 $40 $2 20 $60 $2 30 $90 $2.33 40 $120 $2.5 50 $180 $3.2 60 $280 $4.33 c. Total Output Total Cost MC 0 $20 $0 10 $40 $2 20 $60 $2 30 $90 $3 40 $120 $3 50 $180 $6 60 $280…a) The table below was extracted from Elegance Holdings Ltd Company costing records. Use the data to answer the questions under. Output (Q) FC TCVC AVCATCAFC 100 0 100 30 100 40 100 55 100 67 100 75 100 88 100 100 100 110 100 121 100 130 1 6 17 18 19 10 Required: For each output, calculate the: i. Total Cost ii. Average Variable Cost iii. Average Total Cost iv. Average Fixed CostHow to Determine "Accounting Profit"
- please determine and relate any three technological inventions that could have an impact on Santa Cruz Guitar Co. business functioning.Write a paragraph to explain to your CEO that based on using regression analysis, through using the solver tool of excel, recalculate the optimum units to produced this month is 800 pro 200 mini to have the maximize revenue of $174,400.00. Explain what/why would it be if you make any changes in the units to stay within the constraints that you have it would produce less money.H.W 7/ For the following data: Fixed cost = 100,000 ID Variable cost per unit = 300 ID Selling price per unit=500 ID n = 500 Calculate BEP by using chart method