Student workpoint 3.7Be knowledgeableThe following information was provided by David, a candle producer,based on his monthly production and sales.Table 3.3.1Quantity Price per Revenue FixedVariableTotalProfit/of candle candlefromcostscostscosts(Loss)(USS)box sold [Total] [Total)(US$S)(USS)boxesboxcandle(USS)sold(USS)(USS)$102,0002,000(2,000)200$102,0002,0001,2003,200400$104,0002,0002,4004,400600$106,0002,0003,6005,6000081,000$108,0002,0004,8006,8001200$1010 0002,0006,0008,0001,200s1012 0002,0007,2009,200Referrring to Table 3.3.1, answer the questions below.1. Complete the profit/(loss) column.2. Calculate the variable cost per candle box.3. Draw a break-even graph using the information in the table andshow the break-even quantity on your graph.4. Show on the graph the margin of safety at 1,200 candle boxes sold.

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Student workpoint 3.7 Be knowledgeable The following information was provided by David, a candle producer, based on his monthly production and sales. Table 3.3.1 Quantity Price per Revenue Fixed of candle candle from bоxes Variable Total Profit/ costs costs costs (Loss) (uSs) (USs) (USS) box candle (USS) box sold [Total] [Total] (USS) sold (USS) $10 2,000 2,000 (2,000) 200 $10 2,000 2,000 1,200 3,200 400 $10 4,000 2,000 2,400 4,400 600 $10 6,000 2,000 3,600 5,600 800 $10 8,000 2,000 4,800 6,800 1200 1,000 $10 10 000 2,000 6,000 8,000 1,200 s10 12 000 2,000 7,200 9,200 Referring to Table 3.3.1, answer the questions below. 1. Complete the profit/(loss) column. 2. Calculate the variable cost per candle box. 3. Draw a break-even graph using the information in the table and show the break-even quantity on your graph. 4. Show on the graph the margin of safety at 1,200 candle boxes sold.

Student workpoint 3.7 Be knowledgeable The following information was provided by David, a candle producer, based on his monthly production and sales. Table 3.3.1 Quantity Price per Revenue Fixed of candle candle from bоxes Variable Total Profit/ costs costs costs (Loss) (uSs) (USs) (USS) box candle (USS) box sold [Total] [Total] (USS) sold (USS) $10 2,000 2,000 (2,000) 200 $10 2,000 2,000 1,200 3,200 400 $10 4,000 2,000 2,400 4,400 600 $10 6,000 2,000 3,600 5,600 800 $10 8,000 2,000 4,800 6,800 1200 1,000 $10 10 000 2,000 6,000 8,000 1,200 s10 12 000 2,000 7,200 9,200 Referring to Table 3.3.1, answer the questions below. 1. Complete the profit/(loss) column. 2. Calculate the variable cost per candle box. 3. Draw a break-even graph using the information in the table and show the break-even quantity on your graph. 4. Show on the graph the margin of safety at 1,200 candle boxes sold.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 29CE: Unearned Sales Revenue Brand Landscaping offers a promotion where a customers lawn will be mowed 20...

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