Designer Jackets, Inc. produces blazers and has the following data available on these products. Sales price...
Designer Jackets, Inc. produces blazers and has the following
data available on these products.
| Sales price per unit |
$ 280 |
| Variable cost per unit |
120 |
| Fixed costs per month |
16,000 |
| Tax rate |
20 percent |
(1) How many units
must be sold to earn a monthly profit of $150,000 after
taxes?
(2) How many sales dollars are required to earn a monthly profit of
$150,000 after taxes?
Homework Answers
Answer :
1) 1,272 (or) 1271.875 Units
2) $ 356,125
Contribution Margin = Selling Price - Vara ible cost = 280-120 = 160
CM ratio = 160/280 = 57.14%
Units Required to Get the $150,000 After Tax Profit
= (Fixed cost +( ( Profit )/ (1-Tax) ) / Contribution MArgin = ((16,000+(150000/(1-20%)) / 160 = 1271.875 Units (Answer)
Dollars Required = 1,271.875*280 = $ 356,125 (Answer)
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Designer Jackets, Inc. produces blazers and has the following
data available on these products.
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