Cost Volume Profit

Problem-14: Cost Volume Profit

Spencer kars provides shuttle services between four hotels near a medical center and an international airport. Spencer Kars uses two 10-passenger vans to offer 12 round trips per day. A recent month's activity in the form of a cost-volume-profit income statement is shown below.

Instructions

  1. Calculate the break-even point in (1) dollars and (2) number of fares.
  2. Without calculation, determine the contribution margin at the break-even point

Solution

Problems: Cost Volume Profit

Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base rate of $1,25...

  Read More

Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents p...

  Read More

Tanek Corp.'s sales slumped badly in 2020. For the first time in its history, operated at a loss. Th...

  Read More

Mary Willis is the advertising manager for Bargain shoe Store. She is currently working on a major p...

  Read More

Viejol Corporation has collected the following information after its first year of sales. Sales were...

  Read More

Jackson Company produces plastic that is used for injection-molding applications such as gears for s...

  Read More

Bonita Company manufactures a single product. Annual production costs incurred in the manufacturing ...

  Read More

The controller of Norton Industries has collected the following monthly expense data for use in anal...

  Read More

Family Furniture Corporation incurred the following costs. Wood used in the production of furniture...

  Read More

Marty Moser wants Moser Company to use CVP analysis to study the effects of changes in costs and vol...

  Read More

All that Blooms provides environmentally friendly lawn services for homeowners. Its operating costs ...

  Read More

The palmer Acres Inn is trying to determine its break-even point during its off-peak season. The inn...

  Read More

In the month of March, Style Salon services 560 clients at an average price of $120. During the mont...

  Read More

Spencer kars provides shuttle services between four hotels near a medical center and an internationa...

  Read More

In 2020, Manhoff Company had a break-event point of $350,000 based on a selling price of $5 per unit...

  Read More

Billings Company has the following information available for September 2020.

  Read More

Naylor Company had $210,000 of net income in 2019 when the selling price per unit was $150, the vari...

  Read More

Yams Company reports the following operating results for the month of August: sales $400,000 (units ...

  Read More

Glacial Company estimates that variable costs will be 62.5% of sales, and fixed costs will total $60...

  Read More

Carey Company had sales in 2020 of $1,560,000 on 60,000 units. Variable costs totaled $900,000, and ...

  Read More

Crate Express Co. produces wooden crates used for shipping products by ocean liner. In 2020, Crate E...

  Read More

Montier Corporation produces one product. Its cost includes direct materials, direct labor, variable...

  Read More

Minhajur Rahaman
Our Offer Prices

Website Design & Development

Starter

$50/4 days
  • Responsive Web Design
  • Home Page Design
  • 5 Menu & Submenu
  • 5 Content Page Update
  • 1 Form
  • SEO Submission
  • Joomla/Wordpress
ORDER NOW

Loaded

$100/7 days
  • Responsive Web Design
  • Home Page Design
  • 15 Menu & Submenu
  • 15 Content Page Update
  • 2 Forms
  • SEO Submission
  • Joomla/Wordpress
ORDER NOW

Fully Loaded

$150/10 days
  • Responsive Web Design
  • Home Page Design
  • 25 Menu & Submenu
  • 25 Content Page Update
  • 4 Forms
  • SEO Submission
  • Joomla/Wordpress
ORDER NOW

Most Reading Solutions

Anya Clark opened Anya's Cleaning Service on July 1, 2019. During July, the following transactions w...

  Read More

On Nobember 1, 2019, the account balances of Hamm Equipment Repair were as follows During Novembe...

  Read More

The trial balance columns of the worksheet for Wareen Roofing at March 31, 2019, are as follows. Wa...

  Read More

Renner Hardware Store completed the following merchandising transactions in the month of May. At the...

  Read More

Emily Valley is a licensed dentist. During the first month of the operation of her business, the fol...

  Read More

Logan Krause started her own consulting firm, Krause Consulting, on May 1, 2019. The trial balance a...

  Read More

Mac's Motel opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as ...

  Read More

Maquoketa Services was formed on May 1, 2018. The following transactions took place during the first...

  Read More

The trial balance of Gaolee Fashion Center contained the following accounts at November 30, the end ...

  Read More

On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were compl...

  Read More

The Starr Theater, owned by Meg Vargo will begin operation in March. The Starr will be unique in tha...

  Read More

Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transacti...

  Read More

Kern's Book Warehouse distributes hardcover looks to retail stores and extends credit terms of 2/10,...

  Read More

The adjusted trial balance columns of the worksheet for Thao Company, owned by D. Thao, are as follo...

  Read More

You are provided with the following information for Koetteritz Inc. for the month ended June 30, 201...

  Read More

At the beginning of the current season on April, the ledger of Gage Pro Shop showed Cash $3,000. Inv...

  Read More

Judi Salem opened a law office on July 1, 2018. On July 31, the balance sheet showed Cash $5,000, Ac...

  Read More

The ledger of Passehl Rental Agency on March 31 of the current year includes the selected accounts, ...

  Read More

Big Box Store is located in midtown Madison. During the past several years, net income has been decl...

  Read More

Johnson Graphics Company was organized on January 1, 2019, by Cameron Johnson. At the end of the fir...

  Read More

At December 31, 2019, Grand Company reported the following as plant assets. During 2020, the foll...

  Read More

Trixie Maye started her own consulting firm, Matrix Consulting, on May 1, 2018. The following transa...

  Read More

Alena Co. was organized on July 1, 2019. quarterly financial statements are prepared. The unadjusted...

  Read More

Yolanda Hagen, a former disc golf star, operates Yolanda's Discorama. At the beginning of the curren...

  Read More

On September 1, Nixa Office Supply had an inventory of 30 calculators at a cost of $18 each. The com...

  Read More

In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in th...

  Read More

Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had...

  Read More

At December 31, 2018, House Co. reported the following information on its balance sheet. Accounts r...

  Read More

Elsa's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts, Information rela...

  Read More

Selected accounts from the chart of accounts of Mercer Company are shown below 101 Cash112 Accoun...

  Read More

On January 1, 2020, Geffrey Corporation had the following stockholders equity accounts. Common St...

  Read More

On January 1, 2020, the ledger of Accardo Company contains the following liability accounts. Accoun...

  Read More

Devin Wolf Company has the following balances in selected accounts on December 31, 2019 All the a...

  Read More

The trial balance of Avtar Sandhu Co. Shown below does not balance AVTAR SANDHU CO.Trial BalanceJun...

  Read More

Dempsey Inc is a retailer operating in British Columbia. Dempsey uses the perpetual inventory method...

  Read More

On January 1, 2019, Evers Company purchased the following two machines for use in its production pro...

  Read More

The chart of accounts of LR Company includes the following selected accounts. 112 Accounts Receiv...

  Read More

The following are selected transactions of Blanco Company. Blanco prepares financial statements quar...

  Read More

The completed financial statement columns of the worksheet for Bray Company are shown as follows. B...

  Read More

Vang Management Services began business on January 1, 2019, with a capital investment of $120,000. t...

  Read More

Presented below is an aging schedule for Halleran Company. At December 31, 2019, the unadjusted b...

  Read More

Kozma Company's chart of accounts includes the following selected accounts. 101 Cash112 Accounts ...

  Read More

Moath Company reports the following for the month of June. Instructions Compute the cost of en...

  Read More

Information related to Kerber Co. is presented below On April 5, purchased merchandise from Wilkes ...

  Read More

A review of the ledger of Remina Company at December 31, 2019, produces the following data pertainin...

  Read More

Lott Company uses a job order cost system and applies overhead to productions on the basis of direct...

  Read More

On June 1, Cindy Godfrey started Divine Designs Co., a company that provides cash opportunities by i...

  Read More

the number having all the three T and S but not C only C

  Read More

On May 1, 2019, Herron Corp. issued $600,000, 9%, 5-year bonds at face value. The bonds were dated M...

  Read More

Linton Company purchased a delivery truck for $34,000 on January 1, 2019. The truck has an expected ...

  Read More

Completing the Accounting Cycle  Adjusting the Accounts  Accounting for Merchandising Operations  The Recording Process  Accounting in Action  Inventories  Plant Assets, Natural Resources, and Intangible Assets  Accounting for Receivables  Accounting Information Systems  Corporations: Dividends, Retained Earnings, and Income Reporting  Current Liabilities and Payroll Accounting  Job Order Costing  Sets  Long-Term Liabilities