For Blue Spruce Company, variable costs are 60% of sales, and fixed costs are $238,000. Management’s...
For Blue Spruce Company, variable costs are 60% of sales, and
fixed costs are $238,000. Management’s net income goal is
$66,000.
Compute the required sales in dollars needed to achieve
management’s target net income of $66,000. (Use the contribution
margin approach.)
Homework Answers
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For Blue Spruce Company, variable costs are 60% of sales, and
fixed costs are $238,000. Management’s...
For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net...
For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net income goal is $67,000. Compute the required sales in dollars needed to achieve management's target net income of $67,000. (Use the contribution margin approach.) Required sales $
For Biswell Company, variable costs are 70% of sales and fixed costs are $188,400. Calculate the...
For Biswell Company, variable costs are 70% of sales and fixed costs are $188,400. Calculate the required sales in dollars that are needed to achieve management’s target operating income of $83,100. (Use the contribution margin approach.)
Compute sales for target net income. (LO 5), AP For Flynn Company, variable costs are 70%...
Compute sales for target net income. (LO 5), AP For Flynn Company, variable costs are 70% of sales, and fixed costs are $195,000. Management's net income goal is $75,000. Compute the required sales in dollars needed to achieve management's target net income of $75,000. (Use the contribution margin approach.)
x Your answer is incorrect. Try again. For Bramble Company, variable costs are 60 % of...
x Your answer is incorrect. Try again. For Bramble Company, variable costs are 60 % of sales, and fixed costs are $225,000. Management's net income goal is $63,000. Compute the required sales in dollars needed to achieve management's target net income of $63,000. (Use the contribution margin approach.) 660,000 Required sales Click if you would like to Show Work for this question: Open Show Work
Blue Spruce Corporation has collected the following information after its first year of sales. Sales were $1...
Blue Spruce Corporation has collected the following information
after its first year of sales. Sales were $1,600,000 on 100,000
units, selling expenses $240,000 (40% variable and 60% fixed),
direct materials $514,000, direct labor $270,800, administrative
expenses $280,000 (20% variable and 80% fixed), and manufacturing
overhead $376,000 (70% variable and 30% fixed). Top management has
asked you to do a CVP analysis so that it can make plans for the
coming year. It has projected that unit sales will increase by...
Help with managerial accounting?? Karney Company has revenues of $500,000, variable costs of $350,000, and fixed...
Help with managerial accounting?? Karney Company has revenues of $500,000, variable costs of $350,000, and fixed costs of $135,000. The sales price per unit is $100 and the Variable Cost per unit is $70, at this level of sales the Fixed Costs per unit is $27. a. compute the contribution margin per unit and the contribution margin ratio b. compute total unfits and sales dollars needed to break even. c. compute total sales dollars needed to achieve a target operating...
How are variable costs calculated in requirement 4 on the income statement? (3,575,000) British Productions performs...
How
are variable costs calculated in requirement 4 on the income
statement? (3,575,000)
British Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There year. No additional shows can be held as the theater is also used by other production companies. The avera cast of 65, each earning a net average of $340 per show. The cast is paid after each show. The other variable program-printing cost of $8 per guest. Annual fixed costs total...
Company makes electronics. Its sales for 2020 are $1,404,000. Fixed costs are $441,756 and variable costs...
Company makes electronics. Its sales for 2020 are $1,404,000. Fixed costs are $441,756 and variable costs are $856,440. It sold 2,600 units in the year. a)Calculate the contribution margin per unit and the contribution margin ratio. b)Assuming a consistent contribution margin ratio, if its desired operating income is $139,500, what would the company need to sell in units and in dollars to achieve this goal?
Centennial Company makes electronics. Its sales for 2020 are $1,378,000. Fixed costs are $405,620 and variable...
Centennial Company makes electronics. Its sales for 2020 are $1,378,000. Fixed costs are $405,620 and variable costs are $826,800. It sold 2,600 units in the year. Calculate the contribution margin per unit and the contribution margin ratio. (Round contribution margin per unit to 2 decimal places, e.g. 15.20 and contribution margin ratio to 4 decimal places, e.g. 1.4254%.) Contribution margin per unit Contribution margin ratio LINK TO TEXT Assuming a consistent contribution margin ratio, if its desired operating income is...
Given the information provided, do the requirements listed: Karney Company has revenues of $500,000, variable costs...
Given the information provided, do the requirements listed: Karney Company has revenues of $500,000, variable costs of $350,000, and fixed costs of $135,000. The sales price per unit is $100 and the Variable Cost per unit is $70, at this level of sales the Fixed Costs per unit is $27. A. Compute the Contribution Margin per unit and the Contribution Margin Ratio. B. Compute total units and sales dollars needed to break-even. C. Compute total sales dollars needed to achieve...
For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net income goal is $67,000. Compute the required sales in dollars needed to achieve management's target net income of $67,000. (Use the contribution margin approach.) Required sales $
x Your answer is incorrect. Try again. For Bramble Company, variable costs are 60 % of sales, and fixed costs are $225,000. Management's net income goal is $63,000. Compute the required sales in dollars needed to achieve management's target net income of $63,000. (Use the contribution margin approach.) 660,000 Required sales Click if you would like to Show Work for this question: Open Show Work
Blue Spruce Corporation has collected the following information
after its first year of sales. Sales were $1,600,000 on 100,000
units, selling expenses $240,000 (40% variable and 60% fixed),
direct materials $514,000, direct labor $270,800, administrative
expenses $280,000 (20% variable and 80% fixed), and manufacturing
overhead $376,000 (70% variable and 30% fixed). Top management has
asked you to do a CVP analysis so that it can make plans for the
coming year. It has projected that unit sales will increase by...
How
are variable costs calculated in requirement 4 on the income
statement? (3,575,000)
British Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There year. No additional shows can be held as the theater is also used by other production companies. The avera cast of 65, each earning a net average of $340 per show. The cast is paid after each show. The other variable program-printing cost of $8 per guest. Annual fixed costs total...
Centennial Company makes electronics. Its sales for 2020 are $1,378,000. Fixed costs are $405,620 and variable costs are $826,800. It sold 2,600 units in the year. Calculate the contribution margin per unit and the contribution margin ratio. (Round contribution margin per unit to 2 decimal places, e.g. 15.20 and contribution margin ratio to 4 decimal places, e.g. 1.4254%.) Contribution margin per unit Contribution margin ratio LINK TO TEXT Assuming a consistent contribution margin ratio, if its desired operating income is...
Given the information provided, do the requirements listed: Karney Company has revenues of $500,000, variable costs of $350,000, and fixed costs of $135,000. The sales price per unit is $100 and the Variable Cost per unit is $70, at this level of sales the Fixed Costs per unit is $27. A. Compute the Contribution Margin per unit and the Contribution Margin Ratio. B. Compute total units and sales dollars needed to break-even. C. Compute total sales dollars needed to achieve...
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