Answer:
$300,000
Explanation:
Calculation for How much in sales does Vaughn need to break even per year
Using this formula
Sales needed to break even=Fixed cost/(1-Unit selling price Variable costs)
Let plug in the formula
Sales needed to break even=$30,000 / (1 -.9)
Sales needed to break even=$30,000 / (0.1)
Sales needed to break even=$300,000
Therefore How much in sales does Vaughn need to break even per year will be $300,000
Answer:
A) 24 hours
Explanation:
The Consumer Product Safety Act (CPSA) established the Consumer Product Safety Commission (CPSC) which is the government entity in charge of setting product safety standards, requesting recalls and banning products if necessary.
In this case, if a toy is potentially dangerous then the company must notify the CPSC within one business day and start the recall procedure immediately.
Answer:
$60,000
Explanation:
The computation of the estimated manufacturing overhead is shown below:
Estimated manufacturing overhead = Direct labor hours × predetermined overhead rate
where,
Direct labor hours = Total Direct labor cost ÷ Cost per hour
= ($100,000 × 75%) ÷ ($5)
= 15,000 direct labor hours
Now the estimated manufacturing overhead equal to
= 15,000 direct labor hours × $4
= $60,000
Answer:
A. ($16,000)
Explanation:
The computation of the expected value of return equal to
= (Higher return × probability rate) - (Less return - probability rate)
= ($20,000 × 70%) - ($100,000 × 30%)
= $14,000 - $30,000
= - $16,000
For computing the correct value we have to deduct the tighter money conditions from the normal conditions.