I'm unsure with my answer and my steps are here. I posted this question sometimes earlier but the guy who posted the answer told me it should be 10000.
Homework Answers
| No of units to be sold is 13,000 and sales would be 780,000 | ||
| Dear Student | ||
| Thank you for using homeworklib | ||
| Please find below the answer | ||
| Statementshowing Computations | ||
| Paticulars | Amount | Amount per unit |
| Sales | 540,000.00 | 60.00 |
| Less Variable Expenses | (216,000.00) | (24.00) |
| Contribution Margin | 324,000.00 | 36.00 |
| Fixed cost | (117,000.00) | |
| Net operating income | 207,000.00 | |
| CM ratio = 36/60 | 60.00% | |
| VC Ratio = 24/60 | 40.00% | |
| Let sales be x | ||
| Sales = VC + FC + Profit | ||
| x = VC + FC + Profit | ||
| x =.40x + 117000 + .45x | ||
| x = .85x + 117000 | ||
| .15x = 117000 | ||
| x = $780,000 | ||
| No of units =780,000/60 | 13,000.00 | |
Add Answer to:
I'm unsure with my answer and my steps are here. I
posted this question sometimes earlier...
I'm unsure with my answer. Question 3 During May, XYZ Company old 9,000 units and...
I'm unsure with my answer.
Question 3 During May, XYZ Company old 9,000 units and reported the following income! statement : Sales Variable costs Fixed costs Net income $540,000 216,000 117.000 $207,000 Calculate the number of units XYZ Company needed to sell in May in order to earn a target profit equal to 45% of sales. 13,000
I'm unsure with my answer. Question 2 During May, XYZ Company sold 9,000 units and reported...
I'm unsure with my answer.
Question 2 During May, XYZ Company sold 9,000 units and reported the following income statement: Sales $540,000 Variable costs 216,000 Fixed costs 117,000 $207,000 Net income Calculate the margin of safety reported by XYZ Company for May. 345,000
I'm unsure with my answer. Question 4 Executive Training, Inc. provides a personal development seminar that...
I'm unsure with my answer.
Question 4 Executive Training, Inc. provides a personal development seminar that is popular with many companies. Executive Training charges $500 for each seminar it conducts. The number of seminars offered over the last six months along with the total costs of offering these seminars appear below: Seminars Offered Month January February March April May June Costs Incurred $15,400 14,200 18,000 14,700 19,600 16,500 Executive Training, Inc. expects to offer 72 seminars during July. Using the...
i posted my answer which is partially wrong specially the unit parts . please correct and...
i posted my answer which is partially wrong specially the unit
parts . please correct and submit
thanks in advance
Kraft is a Wholesale distributor of artisan cheese and ice cream. The following information is availa for April 2017. The beginning cash balance is $400,000 Required: Prepare the following for April 2017 - Be sure to read the additional information below a. Sales budget b. Purchase Budget C. Cash Budget d. Budgeted Income Statement. Note: The worksheets below are embedded...
I have the entirety of the question done correctly, I just need help preparing my closing statements that I posted pict...
I have the entirety of the question done correctly, I just need
help preparing my closing statements that I posted pictures of (13
and 14). I provided the complete trial balance in case if that's of
any assistance. Thank you so much for your help and let me know if
you need any other information!
On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Debit $ 12,800 37,200 153,600 83,300 136,000 Accounts Cash...
I have Two Problems which are both solved below. My question is what makes the approach...
I have Two Problems which are both solved below. My
question is what makes the approach of solving in each one not the
same. Why does one calculation include avoidable traceable cost
while the other doesn't?
2nd Problem:
(2400000)= segment margin lost
1800000=savings in traceable fix cost due to discontinuation of
beta
765000=Additional contribution margin
*West Region has Traceable costs that should be
avoidable according to segment statement
so again why for the Diego company problem, 250000 in
avoidable Traceable...
I have posted the decision case 21-1 as instructed in the first picture.... Please show the...
I have posted the decision case 21-1 as instructed in the
first picture....
Please show the calculations for my better understanding and
the second part of the question also requires a CVP graph I also
need help of how it is suppose to be drawn
Instructions: 1. Complete the requirements for Decision Case 21-1 on page 1197 of your textbook. Show all calculations and include references for your supporting documentation In addition to the requirements in the textbook (#1-4), please...
Questions are below. Only answer problems #5 - #9. I have already answered problems #1-4, my...
Questions are below. Only answer problems #5 - #9.
I have already answered problems #1-4, my data is below.
Problems #5-#9 are listed in order below.
Please help, Ive submitted this question 4x and recieved no
help. I will rate! Thank you
Quivers Inc. began operations on January 1 of the current year. The company produces eight-ounce bottles of jet wax called Ophelia Shine. The wax is sold wholesale in 12-bottle cases for $100 per case. There is a selling...
I need help with my very last assignment of this term PLEASE!!, and here are the instructions: After reading Chapter T...
I need help with my very last assignment of this term
PLEASE!!, and here are the instructions: After reading Chapter Two,
“Keys to Successful IT Governance,” from Roger Kroft and Guy
Scalzi’s book entitled, IT Governance in Hospitals and Health
Systems, please refer to the following assignment instructions
below.
This chapter consists of interviews with executives
identifying mistakes that are made when governing healthcare
information technology (IT). The chapter is broken down into
subheadings listing areas of importance to understand...
I'm unsure with my answer.
Question 3 During May, XYZ Company old 9,000 units and reported the following income! statement : Sales Variable costs Fixed costs Net income $540,000 216,000 117.000 $207,000 Calculate the number of units XYZ Company needed to sell in May in order to earn a target profit equal to 45% of sales. 13,000
I'm unsure with my answer.
Question 2 During May, XYZ Company sold 9,000 units and reported the following income statement: Sales $540,000 Variable costs 216,000 Fixed costs 117,000 $207,000 Net income Calculate the margin of safety reported by XYZ Company for May. 345,000
I'm unsure with my answer.
Question 4 Executive Training, Inc. provides a personal development seminar that is popular with many companies. Executive Training charges $500 for each seminar it conducts. The number of seminars offered over the last six months along with the total costs of offering these seminars appear below: Seminars Offered Month January February March April May June Costs Incurred $15,400 14,200 18,000 14,700 19,600 16,500 Executive Training, Inc. expects to offer 72 seminars during July. Using the...
i posted my answer which is partially wrong specially the unit
parts . please correct and submit
thanks in advance
Kraft is a Wholesale distributor of artisan cheese and ice cream. The following information is availa for April 2017. The beginning cash balance is $400,000 Required: Prepare the following for April 2017 - Be sure to read the additional information below a. Sales budget b. Purchase Budget C. Cash Budget d. Budgeted Income Statement. Note: The worksheets below are embedded...
I have the entirety of the question done correctly, I just need
help preparing my closing statements that I posted pictures of (13
and 14). I provided the complete trial balance in case if that's of
any assistance. Thank you so much for your help and let me know if
you need any other information!
On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Debit $ 12,800 37,200 153,600 83,300 136,000 Accounts Cash...
I have Two Problems which are both solved below. My
question is what makes the approach of solving in each one not the
same. Why does one calculation include avoidable traceable cost
while the other doesn't?
2nd Problem:
(2400000)= segment margin lost
1800000=savings in traceable fix cost due to discontinuation of
beta
765000=Additional contribution margin
*West Region has Traceable costs that should be
avoidable according to segment statement
so again why for the Diego company problem, 250000 in
avoidable Traceable...
I have posted the decision case 21-1 as instructed in the
first picture....
Please show the calculations for my better understanding and
the second part of the question also requires a CVP graph I also
need help of how it is suppose to be drawn
Instructions: 1. Complete the requirements for Decision Case 21-1 on page 1197 of your textbook. Show all calculations and include references for your supporting documentation In addition to the requirements in the textbook (#1-4), please...
Questions are below. Only answer problems #5 - #9.
I have already answered problems #1-4, my data is below.
Problems #5-#9 are listed in order below.
Please help, Ive submitted this question 4x and recieved no
help. I will rate! Thank you
Quivers Inc. began operations on January 1 of the current year. The company produces eight-ounce bottles of jet wax called Ophelia Shine. The wax is sold wholesale in 12-bottle cases for $100 per case. There is a selling...
I need help with my very last assignment of this term
PLEASE!!, and here are the instructions: After reading Chapter Two,
“Keys to Successful IT Governance,” from Roger Kroft and Guy
Scalzi’s book entitled, IT Governance in Hospitals and Health
Systems, please refer to the following assignment instructions
below.
This chapter consists of interviews with executives
identifying mistakes that are made when governing healthcare
information technology (IT). The chapter is broken down into
subheadings listing areas of importance to understand...
Most questions answered within 3 hours.
-
please don't use the p value method instead use the "5 steps of
hypothesis testing." Or...
asked 15 minutes ago -
It is said that Galileo discovered a basic principle of the
pendulum—that the period is independent...
asked 20 minutes ago -
The Cost of Equity and
Flotation Costs
Messman Manufacturing
will issue common stock to the public...
asked 27 minutes ago -
a) summarize the challenges facing New Britain today
b) identify some of its strengths
c) suggest...
asked 29 minutes ago -
**86 at 40 not 88. please show how got Tr in calculations thank
you
2) The...
asked 30 minutes ago -
McGlaun Company pays its employees every two weeks. The firm
last paid its employees on September...
asked 43 minutes ago -
You have been gifted a Mogwai as a pet and decide to do a little
online...
asked 48 minutes ago -
given the standard of 200 mg/dl and the absorbance of that
standard is 0.640. What is...
asked 51 minutes ago -
Exercise 8-51 Algo
An accounting professor is notorious for being stingy in giving
out good letter...
asked 59 minutes ago -
month
total distribution cost
level of activity (unit produced)
july
230.000
3500
august
250.000
3750
september...
asked 1 hour ago -
A smoke detector system uses two devices, A and B. If smoke is
present, the probability...
asked 1 hour ago -
Your division head has assigned another important project to you
and your team. This project is...
asked 1 hour ago