Need help with accounting problemsMario Brothers Products distributes a single product, water pipes, whose selling price is $15 and whose variable expense is $12 per unit. The company's monthly fixed expense is $4,200.
Required:
Solve for the company's monthly break-even point in unit sales using the equation method.
Solve for the company's monthly break-even point in dollar sales using the equation method.
Which cost(s) is(are) an example of a period cost?
Direct labor
Office rent
Direct materials
Factory rent
Selling expenses
Manufacturing overhead
Office equipment depreciation
Winterhaven School is raising money to purchase new choir robes. The cost of the robes is $8,000, so the school will need to have a profit of $8,000 from the raffle. The raffle tickets sell for $10 each. The variable cost of the raffle ticket is $2 and the fixed cost is $8,000.
Determine the sales volume required to achieve the target income.