Giselle Rodriguez owns Rodriguez Art Studio in Havana, Cuba. It has fixed overhead costs of $3,000 per month. The variable cost is $5 and the price is $20, per person per art lesson. There are typically 500 customers each month. What is the total cost/total revenue at the break even output? Options: - $3,000 - $4,000 - $7,000 - $5,000

Giselle Rodriguez owns Rodriguez Art Studio in Havana, Cuba. It has fixed overhead costs of $3,000 per month. The variable cost is $5 and the price is $20, per person per art lesson. There are typically 500 customers each month. What is the total cost/total revenue at the break even output? Options: - $3,000 - $4,000 - $7,000 - $5,000

Name: Giselle Rodriguez owns Rodriguez Art Studio in Havana, Cuba. It has fi
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Description: Giselle Rodriguez owns Rodriguez Art Studio in Havana, Cuba. It has fixed overhead costs of $3,000 per month. The variable cost is $5 and the price is $20, per person per art lesson. There are typically 500 customers each month.What is the total cost

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 4EB: Dimitri Designs has capacity to produce 30,000 desk chairs per year and is currently selling all...

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Part 1: Giselle Rodriguez owns Rodriguez Art Studio in Havana, Cuba. It has fixed overhead costs of $3,000 per month. The variable cost is $5 and the price is $20, per person per art lesson. There are typically 500 customers each month. a) Construct a fully labeled break even chart for Rodriguez Art Studio Part 2: Using the following figures from Rodriguez Art Studio's. Figures are: Interest $8,000, Tax $9,200, Cost of Goods Sold $200,000. Net Profit before Interest and tax $100,000. Slaes Revenue $450,000. b) Construct a fully labeled Income Statement for Rodriguez Art Studio as of 31 December 2018. Part 3: Using the following figures from Rodriguez Art Studio's Balance Sheet. Figures are Sales Revenue $91,000, Stock $20,000, Current liabilities $35,000 and Current Assets $110,000. c) Comment on the liquidity position the the Studio. Part 4: Using the following data: - Sales revenue: $10,000 March, $10,000 April, $9,000 May, $11,000 June - Payment from customers is 50% paid in…
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