Massey Company reported the following data regarding the product it sells: Sales price $ 25 Contribution margin ratio 40 % Fixed costs $ 810,000 Required Use the contribution margin ratio approach and consider each requirement separately. What is the break-even point in dollars? In units? To obtain a profit of $270,000, what must the sales be in dollars? In units? If the sales price increases to $30 and variable costs do not change, what is the new break-even point in dollars? In units?
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Business, 22.06.2019 13:30
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Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.
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Business, 22.06.2019 19:30
Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above
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Massey Company reported the following data regarding the product it sells: Sales price $ 25 Contribu...
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