I’ve attached the assignment.

 

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Hi there, 

Please help with these problems. I’ve been at them continuously and I keep getting different answers which is making me more and more frustrated. It’s been a long time since I done this and my line of work does not require this form of mathematics. I’m normally good in math but I am drove completely crazy right now lol 

1. A local car dealership has revenues of $587,000, variable costs of $299,370 and fixed costs of $109,270. The dealership has revenue capacity of $888,000. Compute the break-even point as a percent of capacity.

2. Rubber and Steel Company is planning to manufacture a new product. The variable manufacturing costs will be $60 per unit and the fixed costs are estimated to be $5671. The selling price of the product is to be $134 per unit. Variable selling expense is expected to be $21 per unit. Determine the break-even point in sales dollars.

3. Joy’s business had a budget of $155,000 in sales and $86,730 in total variable costs. What is the most her fixed costs could be for the business to break even?

4. A manufacturer plans to introduce a new type of shirt based on the following information. The selling price is $57.00; variable cost per unit is $18.00; fixed costs are $7800.00; and capacity per period is 500 units. Calculate the break-even point in units.

5. Last year a printing company had total sales of $37,500. The total of its variable costs was $15,000, and fixed costs were $18,000. Capacity is at sales maximum of $50,000. Calculate the break-even point in dollars of sales.

6. Trevor, the new owner of the vehicle accessory shop, is considering buying sets of winter tires for $299 per set and selling them at $520 each. Fixed costs related to this operation amount to $3,250 per month. It is expected that 18 sets per month could be sold. How much profit will Trevor make each month?

7. A pen manufacturer makes luxury pens. The pen case costs $7.26 each, the ink holder costs $1.26 each, the spring costs $.07 each, and the velvet pen case costs $0.91 each. The plant has general and administrative costs of $55,000 and fixed selling expenses of $37,500. The pens sell for $39.95 each. Plant capacity is 4,000 pens per period. At what percentage of capacity is the break-even point?

8. Excel Hardware is introducing a new product on a new product line with capacity of 800 units per week at a production cost of $50 per unit. Fixed costs are $22,400 per week. Variable selling and shipping costs are estimated to be $20 per unit. Excel plans to market the new product at $110 per unit. What would be the weekly net income at 90% of the capacity?

9. Sunbeam wants to sell microwaves at a unit contribution margin of $42 and a unit contribution rate of 60%. What should be the break-even volume if the fixed cost of production is kept below $10,000.

 

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I’ve been trying to figure this out for hours! If you are only able to do one of the parts (a,b, or c), I am mostly stuck on letter b! Ignore what I wrote next to the problem (b); Im not sure if its correct or even relevant. Thank you so much!

 

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Requires….

Form 1040, Schedules A B C D and E, Form for S/E tax, Form 4684, (2) 2562 forms

• Attachment 1
• Attachment 2
• Attachment 3
• Attachment 4
• Attachment 5

"I Verizon -12:54 AMDone2 Of 32546_ em_ appE_ hr_ 001 -0.09_ online 2017 indd 17/13 / 18 1:43E – 2APPENDIX E Practice Set Assignments – Comprehensive Tax Return Problems*2 . On January 2 , 2017 , Jason paid $31 , 000 ( including sales tax ) to purchase a gently*used Toyota Camry that he uses 92% of the time for business . No trade- in was*involved , and he did not claim any $ 179 expensing . Jason uses the actual operatingcost method to compute his tax deduction . He elects to use the 200% declining -balance MACKS depreciation method with a half – year convention . His 2017expenses relating to the Camry are as follows :`Gasoline$3, 500Auto insurance*1, 700Interest on car loan820Auto club dues325Oil changes and lubrication210License and registration*190In connection with his business use of the Camry , Jason paid $510 for tolls and$350 in fines for traffic violations . In 2017 , Jason drove the Camry 14 , 352 milesfor business and 1 , 248 miles for personal use ( which includes his daily round – tripcommute to work ) .*3 . Jason handles most claim applications locally , but on occasion , he must travelout of town . Expenses in connection with these business trips during 2017 were*$930 for lodging and $1 , 1 40 for meals . He also paid $610 for business dinners hehad with several visiting executives of insurance companies with whom he doesbusiness . Jason’s other business- related expenses for 2017 are listed below :`Contribution to H. R . 10 ( Keogh ) retirement plan*$8, 000Premiums on medical insurance covering self and family ( spouse and children )*4, 600Premiums on disability insurance policy*( pays for loss of income in the event Jason is disabled and cannot work )2, 400State and local occupation fee*450Birthday gift for receptionist*( $25 box of Godiva chocolates plus $3 for gift wrap )*284 . Jenni earns $32,000 working as a registered dietician for the Marquette Public*School District . The job she holds , manager of the school lunch program , is notclassified as full-time . Consequently , she is not eligible to participate in the teacher*retirement or health insurance programs . Jenni’s expenses for 2017 are summarizedas follows :`Contribution to traditional IRA$5, 500Job-hunting expense*720Continuing education program*350Membership dues to the National Association of Dietitians120Subscription to Nutrition Today90In order to work full-time and earn a larger salary , Jenni applied for a position*as chief dietitian for a chain of nursing homes . According to the director of the*recruiting service Jenni hired , the position has not yet been filled and she is one ofthe leading candidates . The continuing education program was sponsored by theNational Association of Dietitians and consisted of a one-day seminar on specialdiets for seniors . Jenni drove the family Chevrolet Malibu 930 miles on job-relateduse and 5 , 200 miles in commuting to work , out of a total of 8 , 670 miles driven for*the year . The Danes purchased the car on July 11 , 2015 , for $23 , 40,0 . Jenni uses theautomatic mileage method for computing any available deduction for business use*of the car .*5 . The Danes have supported Jesse Voss ( Jenni’s widowed father ) for several years .appropriately claiming him as a dependent for tax purposes . On December 27 .2016 , Jesse suffered a massive stroke . The doctors did everything they could for*

 

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