Ask Question, Ask an Expert


Ask Accounting Basics Expert

1. Sam’s Dull Diner has the contribution margin ratio of 16%.  If fixed costs are $176,800, determine the dollars of revenue Sam’s Diner should generate in order to reach break-even point?

A)   $282,880
B)   $1060,800
C)   $208,476
D)   $1,105,000

2. XYZ Company's monthly activity level ranged from the low of 17,000 units in May to high of 26,000 units in October.  Average production was 20,000 units per month.  Utilities cost was $8,250 in May and $10,500 in October.  Variable utility cost per unit, to the closest cent, is:

A)   $0.49.
B)   $0.47.
C)   $0.25.
D)   $0.40.

3. Company has the total cost of $50.00 per unit at volume of 100,000 units. Variable cost per unit is $20.00.  What will be the price if the company expected the volume of 120,000 units and used a mark up of 50%?

A)   $75.00
B)   $62.50
C)   There is not sufficient information in a problem to answer
D)   $67.50

4. At Lily’s corporation, the break-even point is 2,000 units.  If fixed costs total $300,000 and variable costs are $30 per unit, what will be the selling price per unit?

A)   $210
B)   $180
C)   $5
D)   $150

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M99333

Have any Question? 

Related Questions in Accounting Basics

1 do you believe economic principles like competition apply

1. Do you believe economic principles like competition apply in both private and public organizations? 2. Are there other public functions that might benefit from more competition, including competition from private firm ...

Practice questionswhat are the main problems associated

Practice questions: What are the main problems associated with strategic management accounting?

Identifying account titles-the following are independent

Identifying Account Titles- The following are independent situations. a. A new company is formed and sells 100 shares of stock for $12 per share to investors. b. A company purchases for $18,000 cash a new delivery truck ...

Changes in accounting principles and changes in accounting

"Changes in Accounting Principles and Changes in Accounting Estimates" Please respond to the following: • From the e-Activity, discuss the accounting principles that the identified company changed, and explain the major ...

Assignmentyou are an associate in a boutique tax consulting

Assignment You are an associate in a boutique tax consulting firm that specializes in the real estate industry. You have been assigned to work with a client who needs advice on the tax implications of his business holdin ...

Question 1 if a cpa firm is being sued for common law fraud

Question 1. If a CPA firm is being sued for common law fraud by a third party based on materially false financial statements, which of the following is the best defense the accountants could assert? A disclaimer containe ...

The processes of selecting an aiserp to make informed

The processes of selecting an AIS/ERP to make informed decision for investment in an accounting software Group Assignment Scenario B Bakery is a family owned firm with around 70 employees and sales revenue increased to m ...

Accountingwrite a respond to the 7 questionsinternal users1

Accounting WRITE A RESPOND TO THE 7 QUESTIONS Internal Users 1. Why are financial statements important to internal users, such as employees, managers, and directors? Wiley PLUS Assignment: Accounting, Ch. 2 - A Further L ...

Review of current accounting issuestaskin your accounting

Review of Current Accounting Issues Task In your accounting career you will be required to analyse current accounting issues and communicate your theoretical understanding to your professional colleagues and your clients ...

Partnership characteristicsindicate whether each statement

Partnership Characteristics Indicate whether each statement below is a reflection of (a) voluntary association, (b) a partnership agreement, (c) limited life, (d) mutual agency, or (e) unlimited liability. 1. A written c ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate