If the fixed costs are NOK 50,000 and the variable cost can be expressed as VC(Q) = NOK 10Q where Q the quantity. What price per unit (in kroner) must be set in order to obtain a margin of safety of 10% for e quantity of 5,000? dont answer from the answers in chegg they are all wrong.
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- The owner of Old-Fashioned Berry Pies, S. Simon, is contemplating adding a new line ofpies, which will require leasing new equipment for a monthly payment of $6,000. Variablecosts would be $2 per pie, and pies would retail for $7 each.a. How many pies must be sold in order to break even?b. What would the profit (loss) be if 1,000 pies are made and sold in a month?c. How many pies must be sold to realize a profit of $4,000?d. If 2,000 can be sold, and a profit target is $5,000, what price should be charged per pie?Assume a fixed cost of $900, a variable cost of $4.50, and a selling price of $5.50.a. What is the break-even point?b. How many units must be sold to make a profit of $500.00?c. How many units must be sold to average $0.25 profit per unit? $0.50 profit per unit? $1.50 profit per unit?A firm’s manager must decide whether to make or buy a certain item used in the production of vending machines. Making the item would involve annual lease costs of $150,000. Cost and volume estimates are as follows Make Buy Annual fixed cost $150,000 None Variable cost/unit $ 60 $ 80 Annual volume (units) 12,000 12,000 Given these numbers, should the firm buy or make this item? There is a possibility that volume could change in the future. At what volume would the manager be indifferent between making and buying?
- A firm is selling two products—chairs and bar stools—each at $50 per unit. Chairs have a variable cost of $25, and bar stools $20. The fixed cost for the firm is $20,000.a. If the sales mix is 1:1 (one chair sold for every bar stool sold), what is the break-even point in dollars of sales? In units of chairs and barstools?b. If the sales mix changes to 1:4 (one chair sold for every four bar stools sold), what is the break-even point in dollars of sales? In units of chairs and barstools?A leading manufacturer of video games is about to introduce four new games. The accompanying tablesummarizes price and cost data, Combined fixed costs equal $600,000. A marketing research study predicts thatfor each unit sold of Diablo, 2 units of Call of Duty: Modern Warfare, 3 units of Sekiro and 4 units of Starcraft IIwill be sold.GamesDiablo Call of Duty Sekiro Starcraft IISelling Price (in dollars) 55 48 33 22Variable cost/unit (in dollars) 22 17 12 11a) How many product mix units must be sold to break even?b) How does it translate into sales of individual games?1. RBF, an emerging singer, is getting ready to cut his first album. The cost of recordingthe CD is Php 500,000 but copies are Php 500 apiece. If the album can be sold forPhp1,500 each, (a) how many CDs must be sold to break even? (b)What is thebreakeven point in dollars?RBF is confident that demand for his album will substantially exceed the break-evenpoint computed above. So, Mikey is contemplating having his album at a classier (andpricier) studio. The cost to record the CD would rise to Php 90,000. However, since thisnew studio works with very high volume, production costs would fall to Php 200 per CD.(c) What is the breakeven point for this new process?(d) Compare this process to the process proposed in the pre SHOW COMPLETE SOLUTION.
- A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have avariable cost of $25, and bar stools $20. Fixed cost for the i rm is $20,000.a. If the sales mix is 1:1 (one chair sold for every bar stool sold), what is the break-even point in dollars of sales? In units of chairs and bar stools?b. If the sales mix changes to 1:4 (one chair sold for every four bar stools sold), what is the break-even point in dollars of sales? In units of chairs and bar stools?A manager is trying to decide whether to buy one machine ortwo. If only one machine is purchased and demand provesto be excessive, the second machine can be purchased later.Some sales would be lost, however, because the lead timefor delivery of this type of machine is 6 months. In addition,the cost per machine will be lower if both machines are pur-chased at the same time. The probability of low demand isestimated to be 0.30 and that of high demand to be 0.70. Theafter-tax NPV of the benefits from purchasing two machinestogether is $90,000 if demand is low and $170,000 if demandis high.If one machine is purchased and demand is low, the NPV is$120,000. If demand is high, the manager has three options:(1) doing nothing, which has an NPV of $120,000; (2) subcon-tracting, with an NPV of $140,000; and (3) buying the secondmachine, with an NPV of $130,000.a. Draw a decision tree for this problem.b. What is the best decision and what is its expected payoff?A book publisher has i xed costs of $300,000 and variable costs per book of $8.00. Thebook sells for $23.00 per copy.a. How many books must be sold to break even?b. If the i xed cost increased, would the new break-even point be higher or lower?c. If the variable cost per unit decreased, would the new break-even point be higher or lower?
- Sapatos Inc. sells a pair of shoes at P200. They have computed fixed cost to be P15,750 with a profit of P1,500 when 150 pairs of shoes are sold. a. Find the variable cost. b. Find the break even quantity.David Austin recently purchased a chain of dry cleaners in northern Wisconsin. Although thebusiness is making a press, he could recognize a substantial increase in profits.The new press costs $15,400 to purchase and install and can press 40 shirts an hour (or 320 perday). David estimates that with the new press, it will cost $0.25 to launder and press each shirt.Customers are charged $1.10 per shirt.a. How many shirts will David have to press to break even?b If David cuts his price to $0.99 a shirt, he expects to be able to stabilize his customer base at250 shirts per day. How long would it take to break even at the reduced price of $0.99? ShouldDavid cut his price and buy the new press?7. Maribel is considering installing ice cream stalls on Turtle Beach. The length of the beach is 5 miles long. On average, in a week, there are 1,000 subathers that come to the beach and each value an icecream at $5. Transportation costs are $2.5. Each icecream costs $0.5 to make and there are $40 as a fixed maintenance cost per stall. A )Find the optimal number of stalls for Maribel? B) What is the profit at optimal number of stalls?