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Consumer Mathematics Quantitative Reasoning HardWood Inc produces and sells the finest quality pool tables in all of Madison County

Consumer Mathematics – Quantitative Reasoning

HardWood, Inc, produces and sells the finest quality pool
tables in all of Madison County, Iowa The company expects the following sales
and expense in 2009 for its tables:

Sales (1,000 tables @ $500 per table) $ 500,000

Variable expenses 200,000

Fixed expenses 60,000

A What is the contribution margin (CM)?

B How many tables must be sold in order for Hardwood, Inc,
to break even?

C What dollar amount of sales of tables is necessary to
break even?

 

D Using the slope-intercept formula: Y = mx +b, where Y=
Calculated cost, m = variable expense per unit, x = number of tables (units)
sold, and b = y-intercept (which is the fixed expense of $60,000), graph the
break-even point using MS Excel (show only sales line and expenses line The
break-even point where the total expenses line crosses the sales line )

Mar 19 2020 View more View Less

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