Sarah has always made beautiful baby quilts as gifts for friends and relatives. when she found out that she was pregnant, she has decided to quit her middle management job and make these quilts for a living, in order to spend more time with her new baby. she purchased a new quilting sewing machine for $3000 and other quilting tools, rulers and such for another $200. after careful calculation, she estimated the material, quilt batting, and thread she used to cost about $30 per quilt. there is very little scrap as pieces not used in one quilt are often used in another.

for the first year, all sarah wants to do is to make enough money to cover her fixed and variable costs. she thinks that she can produce two quilts a month and still have plenty of time to enjoy her new baby. at what price must she sell the quilts in order to break even?
sarah finds that comparable quilts are being sold on consignment at a local baby furniture store for $180 each. the store takes a 25% commission on each sale. if sarah decides to match the competition’s price and sell through the store, how many quilts will she need to make to break even?

Jodi is trying to save money for a down payment on a house. she invests $6,000 into an account paying 5.5% simple interest. for how long must she save if she needs $7,300 for the down payment? a. 2 years b. 3 years c. 4 years d. 5 years

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account