Selling price per unit= $60
Sales revenue = $1,005,600
Number of units sold = Sales revenue/Selling price per unit
= 1,005,600/60
= 16,760
Variable cost per unit = Total variable cost /Number of units
= 754,200/16,760
= $45
Contribution margin per unit = Selling price per unit - Variable cost per unit
= 60-45
= $15
Number of units to be sold to earn target profit = ( Fixed cost + Target profit)/ Contribution margin per unit
= ( 107,400+172,905)/15
= 18,687 cakes
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Thanks
Question 3 0/1 View Policies Show Attempt History Current Attempt in Progress Julianna Abdallah owns and...
0.5/1 Question 3 View Policies Show Attempt History You are viewing Attempt 1 Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $64 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $994,560 745.920 248,640 132.800 $ 115.840 ✓ Your answer is correct. How many...
Julianna Abdallah owns and operates FirstCakes, a bakery that
creates personalized birthday cakes for a child’s first birthday.
The cakes, which sell for $60 and feature an edible picture of the
child, are shipped throughout the country. A typical month’s
results are as follows:
Sales revenue
$1,005,600
Variable expenses
754,200
Contribution margin
251,400
Fixed expenses
107,400
Operating income
$ 144,000
Assuming a 30% tax rate, how many cakes will Julianna Abdallah have to sell if she wants to earn $98,280...
Question 1 Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $52 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $719,680 539,760 179,920 97,370 $ 82,550 (a) What is FirstCakes' contribution margin per unit? Contribution margin per unit $ per cake
Question 2 Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $56 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin $749,280 561,960 187,320 133,000 $ 54,320 Fixed expenses Operating income (a) X Your answer is incorrect. Try again. How many cakes will Julianna Abdallah have to sell if...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child’s first birthday. The cakes, which sell for $56 and feature an edible picture of the child, are shipped throughout the country. A typical month’s results are as follows: Sales revenue $866,320 Variable expenses 649,740 Contribution margin 216,580 Fixed expenses 102,620 Operating income $ 113,960 (a) New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect....
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $64 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $994,560 745,920 248,640 132,800 $ 115,840 (a) How many cakes will Julianna Abdallah have to sell if she wants to earn $131,568 in operating income each...
3-3 Breakeven analysis (LO 1) Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue $840,000 Variable expenses 630,000 Contribution margin 210,000 Fixed expenses 112,000 Operating income $ 98,000 Required a. What is FirstCakes' contribution margin per unit? b. What is FirstCakes' monthly breakeven...
3-3 Breakeven analysis (LO 1) Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $840,000 630,000 210,000 112,000 $ 98,000 Required a. What is FirstCakes' contribution margin per unit? b. What is FirstCakes' monthly breakeven...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $60 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $873,600 655,200 218,400 116,550 $ 101,850 (a) Your answer is correct. How many cakes will Julianna Abdallah have to sell if she wants to earn $120,060...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $50 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $793,000 586.820 206,180 85,800 $ 120,380 ✓ Your answer is correct. How many cakes will Julianna Abdallah have to sell if she wants to earn $145,041...