Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. georgeland cycles makes and sells two models of el

Georgeland Cycles makes and sells two models of electric bicycles. The Commuter (a folding model)...

60.1K

Verified Solution

Question

Accounting

Georgeland Cycles makes and sells two models of electric bicycles. The Commuter (a folding model) sells for $2,503.00 and the Tour-X (a fat-tire trail model) sells for $4,503.00. Unit variable costs for the Commuter are $1,753.00 and for the Tour-X $3,203.00. Annual fixed costs at Georgeland are $488,050. The marketing manager estimates that the annual mix of sales is 30 percent Commuter model and 70 percent Touring model.

Required:

  1. How many of each model ebike must Georgeland Cycles sell every year to break even?
  2. How many of each model ebike must Georgeland Cycles sell every year to earn operating profits of $102,150 before taxes?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Each of the three monsters in Beowulf (Grendel, Grendel’s mother, and the dragon) represents some negative...

Psychology
Q

Three islands have three different habitats Island X has little ground vegetation and a lot...

Biology
Q

44 2 points n al of behavior therapy is to extinguish a patient s fear...

Biology
Q

A spherically symmetric change distribution is characterised by a change density having the following variation...

Physics
Q

35 A factory have two production lines produces certain goods The newer production line produces...

Statistics
Q

Here is a list of the main characters in Shakespeare s Romeo and Juliet The...

Algebra
Q

X, Y and Z are partners sharing profits and losses in the ratio of 2:1:1,...

Accounting
Q

Which of the following qualitative characteristics Is Important for Information to be useful?: * ...

Accounting
Q

Current Attempt in Progress Wildhorse Inc., reported the following information about two of its machines...

Accounting
Q

Required information (The following information applies to the questions displayed below.) Shadee Corp. expects to...

Accounting
Q

8. From the information above, determine the amount of Kingbird Company inventory. The...

Accounting
Q

Vaughn Corporation is analyzing its account balances for 2020. As of the end of 2020,...

Accounting