please explain the four matching Use the numbers below to match the correct answer. Can plugnumbers into spreadsheet. SAVE A COPY AS BACKUP in caseyou accidentally erase a formula.UNITS SOLD (ESTIMATE)100,000PRICE$20.00VARIABLE COSTS (VC)$10.00FIXED COSTS (FC)$500,000.00Profit[ Choose ]BEU[ Choose ]BE$[ Choose ]Profit at Break evenV [ Choose ]1,000,00050,000No answer is correct.500,000><>

Solution: Profits = (Sales - variable costs)*units sold - fixed costs = (20-10)*100000 - 500000 =…

Answered: UNITS SOLD (ESTIMATE) 100,000 PRICE…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You are considering opening a copy service in thestudent union. You estimate your fixed cost at $15,000 and thevariable cost of each copy sold at $.01. You expect the sellingprice to average $.05.a) What is the break-even point in dollars?b) What is the break-even point in units? PX• • S7.23 An electronics firm is currently manufacturing anitem that has a variable cost of $.50 per unit and a selling priceof $1.00 per unit. Fixed costs are $14,000.
Find out contribution margin if variable rate is.4 and the item's selling price is $12.50. (Round all intermediate calculations to hundredth of a decimal (.00) unless they naturally round up to tenth of a decimal or a whole number. Round the number of customers to a whole number.) Select one: O a $31.25 O b. $5 C. cannot be determined frorm the information given O d. $7.5
Assume that markup is based on selling price. Calculate the dollar markup and cost. (Round your answers to the nearest cent.) Selling price Dollar Item Markup percent Cost markup Canon scanner 2$ 105 40 %
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Mercantile Corporation has sales of $2,000,000, variable costs of $800,000, and fixed costs of $900,000. 3 Mercantile's margin of safety ratio is O.15. .25. .33. .75. a $ 4 ņ myCayote do L % 5 A MacBook Pro < 6 T22120- & 7 W P * 8 s Œ a Ó
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4. Assume you are the logistics manager of Apple and need to get 2000 latest MacBook (Retails at $2000 each) to market. Choices include: Rail, cost $1000 and takes a week Air, cost $5000 and take a day Which would you choose? Assume the yearly profit as 10% of sales. Hint – Find cost incurred by the manufacturer per day based on yearly profit. Use that value to find the total cost for each shipping method (shipping charge plus daily costs).
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UNITS SOLD (ESTIMATE) 100,000 PRICE $20.00 JARIABLE COSTS (VC) $10.00 FIXED COSTS (FC) $500,000.00