Question

Mindy Corporation has reported sales of $640,000 last year, a contribution margin of $160,000, and a...

Mindy Corporation has reported sales of $640,000 last year, a contribution margin of $160,000, and a net loss of $40,000. Based on this information, what is the break-even point in dollar sales?
a-$480,000
b-$640,000
c-$800,000
d-$960,000
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Last year, Twins Company reported $750,000 in sales (25,000 units) and a net operating income of...
Last year, Twins Company reported $750,000 in sales (25,000 units) and a net operating income of $25,000. At the break-even point, the company's total contribution margin equals $500,000. Based on this information, the company's: a. contribution margin ratio is 40%. b. break-even point is 24,000 units. c. variable expense per unit is $9. d. variable expenses are 60% of sales.
Contribution Margin Concepts DiPinto Electric Guitars & Basses sells musical instruments in Philadelphia. Assume the following...
Contribution Margin Concepts DiPinto Electric Guitars & Basses sells musical instruments in Philadelphia. Assume the following information comes from the company's prior year records. Fixed Variable Total Sales $800,000 Costs Goods sold $346,000 Labor $180,000 40,000 Supplies 10,000 4,000 Utilities 9,000 5,000 Rent 48,000 - Advertising 10,000 - Miscellaneous 10,000 5,000 Total costs $267,000 $400,000 (667,000) Net income $133,000 Required (a.) Determine the annual break-even dollar sales volume. Contribution margin ratio: Answer Annual break-even dollar sales volumes: $Answer (b.) Determine...
Crane Corporation has collected the following information after its first year of sales. Sales were $1,600,000...
Crane Corporation has collected the following information after its first year of sales. Sales were $1,600,000 on 100,000 units, selling expenses $240,000 (40% variable and 60% fixed), direct materials $514,000, direct labor $270,800, administrative expenses $280,000 (20% variable and 80% fixed), and manufacturing overhead $376,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10%...
Zaldor Corporation sells a specialized speaker and has the following information for the current year: Total...
Zaldor Corporation sells a specialized speaker and has the following information for the current year: Total Per Unit Percent of Sales Sales (20,000 units) 1,200,000 60 100% Variable expenses 800,000 40 ? % Contribution margin 400,000 20 ? % Fixed expenses 250,000 Net operating income 150,000 Required: A. Calculate the variable expense ratio B. Calculate the contribution margin ratio C. Calculate break-even sales in units D. Calculate break-even sales in dollars E. How many units must be sold to make...
AStuart Company reported the following data regarding the product it sells Sales price $ 45 Contribution...
AStuart Company reported the following data regarding the product it sells Sales price $ 45 Contribution margin ratio 20 % Fixed costs $ 360,000 Required Use the contribution margin ratio approach and consider each requirement separately. A.    What is the break-even point in dollars? In units? B.    To obtain a profit of $36,000, what must the sales be in dollars? In units? C.    If the sales price increases to $48 and variable costs do not change, what is the new...
Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format...
Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format segmented income statement as shown: Total Company North South Sales $ 800,000 $ 600,000 $ 200,000 Variable expenses 560,000 480,000 80,000 Contribution margin 240,000 120,000 120,000 Traceable fixed expenses 126,000 63,000 63,000 Segment margin 114,000 $ 57,000 $ 57,000 Common fixed expenses 54,000 Net operating income $ 60,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in...
Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format...
Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format segmented income statement as shown: Total Company North South Sales $ 800,000 $ 600,000 $ 200,000 Variable expenses 560,000 480,000 80,000 Contribution margin 240,000 120,000 120,000 Traceable fixed expenses 144,000 72,000 72,000 Segment margin 96,000 $ 48,000 $ 48,000 Common fixed expenses 63,000 Net operating income $ 33,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in...
In CVP analysis, the unit contribution margin is: Sales price per unit less cost of goods...
In CVP analysis, the unit contribution margin is: Sales price per unit less cost of goods sold per unit Sales price per unit less FC per unit Sales price per unit less total VC per unit Same as the CM Maroon Company’s CM ratio of 24%.  Total FC are $84,000.  What is Maroon’s B/E point in sales dollars? $20,160 $110,536 $240,000 $350,000       If a firm’s forecasted sales are $250,000 and its B/E sales are $190,000, the margin of safety in dollars is:...
Westerville Company reported the following results from last year’s operations:   Sales $ 2,000,000       Variable expenses 640,000...
Westerville Company reported the following results from last year’s operations:   Sales $ 2,000,000       Variable expenses 640,000       Contribution margin 1,360,000       Fixed expenses 860,000       Net operating income $ 500,000       Average operating assets $ 1,250,000     This year, the company has a $250,000 investment opportunity with the following cost and revenue characteristics:   Sales $ 400,000   Contribution margin ratio 70 % of sales   Fixed expenses $ 220,000 The company’s minimum required rate of return is 10%. Required: 1. What is last...
Awtis Corporation has a margin of safety percentage of 25% based on its actual sales. The...
Awtis Corporation has a margin of safety percentage of 25% based on its actual sales. The break-even point is $320,400 and the variable expenses are 45% of sales. Given this information, the actual profit is:
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT