Question

Rhetorix, Inc produces stereo speakers. The selling price per pair of speakers is 1,000. The variable...

Rhetorix, Inc produces stereo speakers. The selling price per pair of speakers is 1,000. The variable cost of production is $300.00 and the fixed cost per month is $49,000. For November, the company expects to sell 125 pairs of speakers. What is the margin of safety?
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
Question 3 Blossom, Inc. produces stereo speakers. The selling price per pair of speakers is $1,000....
Question 3 Blossom, Inc. produces stereo speakers. The selling price per pair of speakers is $1,000. The variable cost of production is $330 and the fixed cost per month is $51,523. For November, the company expects to sell 123 pairs of speakers. Calculate expected profit. Expected profit $ Calculate the contribution margin ratio, Break-even sales, Expected sales and margin of safety in dollars. (Round contribution margin ratio and intermediate calculations to 2 decimal places, e.g. 15.25 and all other answers...
Xenoc produces stereo speakers. The selling price per pair of speakers is $1,800. There is no...
Xenoc produces stereo speakers. The selling price per pair of speakers is $1,800. There is no beginning inventory. Costs involved in production are: Direct material $ 150 Direct labor 200 Variable manufacturing overhead 100 Total variable manufacturing costs per unit $ 450 Fixed manufacturing overhead per year $600,000 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $210,000 Fixed administrative costs per year $110,000 What is cost of goods sold using full costing? EXERCISE...
9. Wimpy Inc. produces and sells a single product. The selling price of the product is...
9. Wimpy Inc. produces and sells a single product. The selling price of the product is $190.00 per unit and its variable cost is $60.80 per unit. The fixed expense is $394,128 per month. The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,231,650 $837,522 $579,600 $394,128 10. Majid Corporation sells a product for $180 per unit. The product's current sales are 42,000 units and its break-even sales are 34,410...
XYZ Inc. sell Product Y at P5 per unit. The variable costs of making and selling...
XYZ Inc. sell Product Y at P5 per unit. The variable costs of making and selling each unit is P3 while the total fixed cost is P2,000. The company wants to earn a profit of P3,000. The company is subject to 40% tax rate. What should be the level of sales in units and pesos to earn the desired profit if it is after tax? What is the Margin of Safety for the target sales computed in requirement 3 in...
C U Eyewear Inc. can manufacture sunglasses for $28.50 per pair in raw material costs and...
C U Eyewear Inc. can manufacture sunglasses for $28.50 per pair in raw material costs and $18.85 per pair in variable labor expense. The glasses sell for $155 per pair. Last year productions were 140,000 pairs. Fixed costs were $1,225,000. a.) What was total production costs? b.) What is the marginal costs per pair? c.) What is the average costs? d.) If the company is considering a one-time order for an extra 5,000 pairs. What is the minimum accepted total...
Metal Industries has monthly fixed costs totaling $90,000 and variable costs of $5 per unit. Each...
Metal Industries has monthly fixed costs totaling $90,000 and variable costs of $5 per unit. Each unit of product is sold for $20. Assume the company expects to sell 11,850 units of product this coming month. What is the margin of safety in units? Group of answer choices 8,850 6,600 5,850 7,350 Tech Products, Inc. has monthly fixed costs totaling $90,000 and variable costs of $5 per unit. Each unit of product is sold for $20. How many units must...
K-Too Everwear Corporation can manufacture mountain climbing shoes for $14.05 per pair in variable raw material...
K-Too Everwear Corporation can manufacture mountain climbing shoes for $14.05 per pair in variable raw material costs and $13.2 per pair in variable labor expense. The shoes sell for $82 per pair. Last year, production was 190,000 pairs. Fixed costs were $860,000.    Required: (a) What were total production costs? (Do not round your intermediate calculations.)     (b) What is the marginal cost per pair? (Do not round your intermediate calculations.)    (c) What is the average cost? (Do not...
Fred manufactures lamp shade the selling price of which is $80 per unit. The variable cost...
Fred manufactures lamp shade the selling price of which is $80 per unit. The variable cost of the product is $ 50. The fixed costs are 3,000,000. Fred is presently selling 110000 units Instructions a. What is the contribution margin per unit? b. What is the contribution Margin ratio? c. What is Fred’s break-even in units? d. What is the margin of safety?
Unit sales 20,000 units Selling price per unit $60 per unit Variable expenses per unit $45...
Unit sales 20,000 units Selling price per unit $60 per unit Variable expenses per unit $45 per unit Fixed expenses $240,000 CVP Relationships Compute the CM ratio Selling price per unit Variable expenses per unit = Contribution margin per unit = CM ratio = Compute the break-even Break-even in unit sales= Break-even in dollar sales= Compute the margin of safety Margin of safety in dollars= Margin of safety percentage=
The following data pertains to Logan Company: Selling price per unit $300.00    Variable expenses per unit...
The following data pertains to Logan Company: Selling price per unit $300.00    Variable expenses per unit    $180.00    Total fixed expenses $54,000    Tax rate 30% a.) Calculate the breakeven point in units. b.) How many units must Kinney sell to earn a before- tax profit of $24,000? c.) If fixed expenses increase by $6,000, and variable expenses decrease by 10%, how many units must be sold to earn an after-tax profit of $28,000?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT