Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. promotion industries manufacturers license plates

Promotion Industries manufacturers license plates for automobiles. The license plates sell for $10.50 each. During 2008, Miller...

50.1K

Verified Solution

Question

Accounting

Promotion Industries manufacturers license plates forautomobiles. The license plates sell for $10.50 each. During 2008,Miller sold 750,000 plates incurring total variable costs of$1,462,500 and fixed costs of $3,268,720.

         

          (a)Determine the contribution margin per unit.

          (b)Determine the breakeven point in units for 2008.

          (c)Determine the amount of profit earned in 2008.

          (d)Determine the breakeven point in units for 2009, assuming variablecosts increase by 20% and fixed costs remain unchanged

Answer & Explanation Solved by verified expert
4.0 Ratings (764 Votes)
a Calculation of contribution margin per unit Variable cost per unit variable costnumber of plates 1462500750000 195 Contribution selling price Variable cost per unit 1050195855    See Answer
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

Basic Math
1.2K views

1. The Arizona Fish and Game department has a lottery for elk tags in an effort...

Chemistry
1.2K views

What is the % yield of the reaction making 4.9 g of acetyl salicylic acid from...

Mechanical Engineering
1.2K views

A company that manufactures turbines of different sizes has been ordered to manufacture 30 large turbines....

Biology
1.2K views

Which of these organisms has the longest generation time sometimes referred to as life cycle...

Physics
1.2K views

In an isolated Li electron jumps from n 2 to n 1 What is the...

Geometry
1.2K views

Identify the similar right triangles from the given choices O 10 7 07 F R...

Basic Math
1.2K views

Write the numeral as a Hindu Arabic numeral XMMCCLXVI

Basic Math
1.2K views

4) A person is taking a 12-question multiple-choicetest for which each question has three answerchoices,...

Algebra
1.2K views

Use a graphing calculator to determine which of the following graphs represents the algebraic function...

Accounting
1.2K views

Tobias Beckett contributed property to the newly formed TBRD Partnership in exchange for 60% of...

Accounting
1.2K views

nt 404 Required information (The following information applies to the questions displayed below) Shadee Corp....

Accounting
1.2K views

Question 3 On January 1, 2017, the ledger of Cullumber Company contained these liability accounts....