What is the break-even point for s no knoes, Accounting Basics

+44 141 628 6080
[email protected]

What is the break-even point for s no knoes

S'No'Kones has the following cost structure.

Selling price per unit $1.50
Variable cost per unit $0.45
Fixed costs per month $1,260

(a) What is the break-even point for S'No'Knoes?

(b) If the owner wants to earn a monthly pretax profit of $1,200, how many units would need to be sold each month?

(c) The owner wants to earn a pretax profit of $24,360 annually. The snow come stand is only open five months of the year (May through September) and no fixed costs are incurred when the stand is not open. How many snow cones would need to be sold in total during those five months? If three months of the five generate 75 percent of the company sales. How many snow cones would need to be sold during those three months?

(d) Recalculate your answer to (c) assuming a tax rate of 20 percent and a desired after-tax of $24,360.

(e) S'No'Kones is locates in the panhandle of Florida. Discuss circumstances that might cause the BEP and CVP assumptions to be inaccurate.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the break-even point for s no knoes

Reference No:- TGS0708573

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : What is the products variable cost ratio

Wasabi Corp. has a contribution margin ratio of 45 percent. Product selling price per unit is $320, and total fixed costs per year are $2,385,360.

Q : Explain what is meant by authoritative support

Give a historical overview of how rule-making has evolved.What authority for compliance with GAAP has existed thoughout the history of rule-making?

Q : What major conclusions regarding financial reporting

The following table contains calculations of several key ratios for Indianola Pharmaceutical Company, a maker of proprietary and prescription drugs.

Q : How much overhead was applied to production

Intercept, Inc. estimated that. For 2009, $761,250, of overhead costs would be incurred at 175,000 machine hours. During 2009, the company incurs 182,000 machine hours and has actual overhead costs of $782,630.

Q : What is the break-even point for s no knoes

What is the break-even point for S'No'Knoes?If the owner wants to earn a monthly pretax profit of $1,200, how many units would need to be sold each month?

Q : How many units should the company sell if it wants to earn

Acme, Inc. sells its product for $45. The variable cost per unit is $24, and fixed costs are $1,672,500. What profit will Acme make if 225,000 units are produced and sold?

Q : What are the main objectives of financial reporting

What are the main objectives of financial reporting, and who uses financial reporting? What type of information will each user group need and why?

Q : What organizations are responsible for governing financial

What organizations are responsible for governing financial reporting, and what is the role of each organization? How have the roles changed in the last 20 years or so, and how might roles change in the next 20 years or so?

Q : How to calculate cost of goods sold for april

All raw materials are considered to the manufacturing process. During April, the company purchased $260,000 of raw materials. Direct labor cost for the month was $342,000; workers are paid $9.50 per hour.

1931411

Questions
Asked

3,689

Active Tutors

1415887

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the break-even point for s no knoes

Reference No:- TGS0708573

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the products variable cost ratio

Q : Explain what is meant by authoritative support

Q : What major conclusions regarding financial reporting

Q : How much overhead was applied to production

Q : What is the break-even point for s no knoes

Q : How many units should the company sell if it wants to earn

Q : What are the main objectives of financial reporting

Q : What organizations are responsible for governing financial

Q : How to calculate cost of goods sold for april

How social determinants of health affect the physiological

Patient tokala insists that he never dreams

How children have an innate resilience

Discuss use of electronic devices like social media

Defining characteristic of permissive-indulgent parents

Identify ego psychology limitations

Describe psychology research methods

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the break-even point for s no knoes

Reference No:- TGS0708573

Recent Questions Asked Accounting Basics

Q : What is the products variable cost ratio

Q : Explain what is meant by authoritative support

Q : What major conclusions regarding financial reporting

Q : How much overhead was applied to production

Q : What is the break-even point for s no knoes

Q : How many units should the company sell if it wants to earn

Q : What are the main objectives of financial reporting

Q : What organizations are responsible for governing financial

Q : How to calculate cost of goods sold for april

Asked Questions