Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. value 30.00 points northwood company manufactures

value 30.00 points Northwood Company manufactures basketballs. The company has a ball that sells for...

60.1K

Verified Solution

Question

Accounting

image
image
image
image
value 30.00 points Northwood Company manufactures basketballs. The company has a ball that sells for $32. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $22.40 per ball, of which 70% is direct labor cost. Last year, the company sold 52,000 of these balls, with the following results: Sales (52,000 balls) Variable expenses $1,664,000 ,164,800 Contribution margin Fixed expenses 499,200 422,400 Net operating income $ 76,800 Required: 1-a. Compute last year's CM ratio and the break-even point in balls. (Do not round intermediate calculations.) CM Ratio Unit sales to break even balls MacBook Air FI F2 00O F FS

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Describe the expectations and objectives of a client that can fulfil clients’ goals.

Accounting
Q

Please explain how Rm, Cm, and Ri contribute to the time constant in the length constant...

Medical Sciences
Q

Arrange the following molecules in order of increasing average molecular speed. NO2 at 327K, He at 443K,...

Chemistry
Q

Provide 2 paragraphs to answer the following question. 4. How can nonprofit agencies improve future budget stability?

General Management
Q

An electron moving in a circular orbit of radius r makes n rotations per second...

Physics
Q

Find the volume under the paraboloid z 4y2 and above the rectangle 0 2 x...

Algebra
Q

Simplify the following expression 3a 66 3a 6 4

Algebra
Q

A product consists of 2 ounces of oil ($2 per ounce) and 1 ounce...

Accounting
Q

Think from an auditing perspective, how would you keep segregation of duties and perform auditing...

Accounting
Q

1) Which of the following statements is least correct? a. A small sole trader business...

Accounting
Q

Data Table

Accounting
Q

P.E.N. Exploration has a total face value of $1649000 in zero-coupon bonds outstanding, which are...

Finance