A retail business buys and sells product X. The variable cost for product X is $3 per unit and the fixed costs of the business are $75,000. The selling price is $7 per unit.What is the break-even sales volume of product X? ______
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A hotel has 80 rooms which are all occupied in a 30-day period. Each department has incurred costs in the period as follows:What is the cost per service unit (to two dp)? ______
The following are the costs for a batch of 100 birthday cards.The overhead absorption rate is $25 per labour hour. Labour is charged at $10 per hour.What is the cost per unit unit for a single birthday card? ______
A boat-building company has been approached by a client for a new sailing boat. The company has gathered the information needed to prepare the quote as follows:If the markup is 75%, what is the selling price? ______
A machine is bought for $750,000. It has a useful life of five years. Using the reducing balance method at a rate of 50%, what is the depreciation charge in Year 3? ______