Finch Corporation is a manufacturing company that makes small electric motors it sells for $48 per...
Finch Corporation is a manufacturing company that makes small
electric motors it sells for $48 per unit. The variable costs of
production are $28 per motor, and annual fixed costs of production
are $310,000.
Required
-
How many units of product must Finch make and sell to break even?
-
How many units of product must Finch make and sell to earn a $70,000 profit?
-
The marketing manager believes that sales would increase dramatically if the price were reduced to $47 per unit. How many units of product must Finch make and sell to earn a $108,000 profit, if the sales price is set at $47 per unit?
Homework Answers
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Finch Corporation is a manufacturing company that makes small
electric motors it sells for $48 per...
Stuart Corporation is a manufacturing company that makes small electric motors it sells for $53 per...
Stuart Corporation is a manufacturing company that makes small electric motors it sells for $53 per unit. The variable costs of production are $35 per motor, and annual fixed costs of production are $396,000. Required a. How many units of product must Stuart make and sell to break even? b. How many units of product must Stuart make and sell to earn a $72,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Zachary Corporation is a manufacturing company that makes small electric motors it sells for $49 per...
Zachary Corporation is a manufacturing company that makes small electric motors it sells for $49 per unit. The variable costs of production are $25 per motor, and annual fixed costs of production are $528,000. Required How many units of product must Zachary make and sell to break even? How many units of product must Zachary make and sell to earn a $72,000 profit? The marketing manager believes that sales would increase dramatically if the price were reduced to $45 per...
Baird Corporation is a manufacturing company that makes small electric motors it sells for $50 per...
Baird Corporation is a manufacturing company that makes small electric motors it sells for $50 per unit. The variable costs of production are $30 per motor, and annual fixed costs of production are $360,000. Required a. How many units of product must Baird make and sell to break even? b. How many units of product must Baird make and sell to earn a $60,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Franklin Corporation is a manufacturing company that makes small electric motors it sells for $38 per...
Franklin Corporation is a manufacturing company that makes small electric motors it sells for $38 per unit. The variable costs of production are $20 per motor, and annual fixed costs of production are $396,000. Required a. How many units of product must Franklin make and sell to break even? b. How many units of product must Franklin make and sell to earn a $72,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Stone Corporation is a manufacturing company that makes small electric motors it sells for $45 per...
Stone Corporation is a manufacturing company that makes small electric motors it sells for $45 per unit. The variable costs of production are $25 per motor, and annual fixed costs of production are $800,000 Required a. How many units of product must Stone make and sell to break even? b. How many units of product must Stone make and sell to earn a $120,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Fowler Company produces a product that sells for $200 per unit and has a variable cost...
Fowler Company produces a product that sells for $200 per unit and has a variable cost of $125 per unit. Fowler incurs annual fixed costs of $450,000 Required a. Determine the sales volume in units and dollars required to break even. (Do not round intermediate calculations.) b. Calculate the break-even point assuming fixed costs increase to $600,000. (Do not round intermediate calculations.) Answer is not complete. 6,000 $ 1,200,000 Sales volume in units Sales in dollars Break-even units Break-even sales...
Finch Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Sales price...
Finch Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Sales price Variable cost per unit Contribution margin per unit Super Supreme $ 96 $139 (61) (77) $ 35 $ 62 Finch expects to incur annual fixed costs of $215,500. The relative sales mix of the products is 70 percent for Super and 30 percent for Supreme. Required a. Determine the total number of products (units of Super and Supreme combined) Finch must sell to break...
Finch Company incurs annual fixed costs of $57,415. Variable costs for Finch's product are $20.10 per...
Finch Company incurs annual fixed costs of $57,415. Variable costs for Finch's product are $20.10 per unit, and the sales price is $30.00 per unit. Finch desires to earn an annual profit of $50,000. Required Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit. (Do not round Intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Finch Corporation produces products that it sells for $21 each. Variable costs per unit are $4,...
Finch Corporation produces products that it sells for $21 each. Variable costs per unit are $4, and annual fixed costs are $341,700. Finch desires to earn a profit of $79,900. Required Use the equation method to determine the break-even point in units and dollars. Determine the sales volume in units and dollars required to earn the desired profit.
Finch Company is considering adding a new product. The cost accountant has provided the following data:...
Finch Company is considering adding a new product. The cost accountant has provided the following data: Expected variable cost of manufacturing Expected annual fixed manufacturing costs $ 46 per unit $83,000 The administrative vice president has provided the following estimates: Expected sales commission Expected annual fixed administrative costs $ 7 per unit $ 45,000 The manager has decided that any new product must at least break even in the first year. Required Use the equation method and consider each requirement...
Stuart Corporation is a manufacturing company that makes small electric motors it sells for $53 per unit. The variable costs of production are $35 per motor, and annual fixed costs of production are $396,000. Required a. How many units of product must Stuart make and sell to break even? b. How many units of product must Stuart make and sell to earn a $72,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Baird Corporation is a manufacturing company that makes small electric motors it sells for $50 per unit. The variable costs of production are $30 per motor, and annual fixed costs of production are $360,000. Required a. How many units of product must Baird make and sell to break even? b. How many units of product must Baird make and sell to earn a $60,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Franklin Corporation is a manufacturing company that makes small electric motors it sells for $38 per unit. The variable costs of production are $20 per motor, and annual fixed costs of production are $396,000. Required a. How many units of product must Franklin make and sell to break even? b. How many units of product must Franklin make and sell to earn a $72,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Stone Corporation is a manufacturing company that makes small electric motors it sells for $45 per unit. The variable costs of production are $25 per motor, and annual fixed costs of production are $800,000 Required a. How many units of product must Stone make and sell to break even? b. How many units of product must Stone make and sell to earn a $120,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Fowler Company produces a product that sells for $200 per unit and has a variable cost of $125 per unit. Fowler incurs annual fixed costs of $450,000 Required a. Determine the sales volume in units and dollars required to break even. (Do not round intermediate calculations.) b. Calculate the break-even point assuming fixed costs increase to $600,000. (Do not round intermediate calculations.) Answer is not complete. 6,000 $ 1,200,000 Sales volume in units Sales in dollars Break-even units Break-even sales...
Finch Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Sales price Variable cost per unit Contribution margin per unit Super Supreme $ 96 $139 (61) (77) $ 35 $ 62 Finch expects to incur annual fixed costs of $215,500. The relative sales mix of the products is 70 percent for Super and 30 percent for Supreme. Required a. Determine the total number of products (units of Super and Supreme combined) Finch must sell to break...
Finch Company incurs annual fixed costs of $57,415. Variable costs for Finch's product are $20.10 per unit, and the sales price is $30.00 per unit. Finch desires to earn an annual profit of $50,000. Required Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit. (Do not round Intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Finch Company is considering adding a new product. The cost accountant has provided the following data: Expected variable cost of manufacturing Expected annual fixed manufacturing costs $ 46 per unit $83,000 The administrative vice president has provided the following estimates: Expected sales commission Expected annual fixed administrative costs $ 7 per unit $ 45,000 The manager has decided that any new product must at least break even in the first year. Required Use the equation method and consider each requirement...
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