If selling price per unit is $45 variable costs per unit are 525 total fixed costs...

Question

Question

Answer 1

Answer #1

Answer: C. $79,200

.

Sales revenue [8,000 units x $45 per unit]	$360,000
Less: Variable cost [8,000 units x $26 per unit]	$208,000
Contribution margin [$360,000 - $208,000]	$152,000
Less: Fixed cost	$20,000
Income beforee income tax [$152,000 - $20,000]	$132,000
Less: Income tax [$132,000 x 30%]	$52,800
Net income	$79,200

Answer 2

Similar Homework Help Questions

If selling price per unit is $45, variable costs per unit are $30, total fixed costs...

If selling price per unit is $45, variable costs per unit are $30, total fixed costs are $21,000, the tax rate is 30%, and the company sells 6,000 units, net income is O A $69,000 OB. $63,000 OC. $9,000 OD. 548,300
If selling price per unit is $ 55, variable costs per unit are $ 29, total...

If selling price per unit is $ 55, variable costs per unit are $ 29, total fixed costs are $ 20 comma 000, the tax rate is 30%, and the company sells 8 comma 000 units, net income is ________. A. $ 188 comma 000 B. $ 145 comma 600 C. $ 76 comma 000 D.
If the selling price per unit is $45, the variable expense per unit is $40, and...

If the selling price per unit is $45, the variable expense per unit is $40, and total fixed expenses are $55,000 what will the breakeven sales in units be? O A. 11,000 O B. 1,375 OC. 647 OD. 1,222

Vaughan Company sells a product that has a selling price of $15 por unit its variable...

Vaughan Company sells a product that has a selling price of $15 por unit its variable cost per unit is $11. Total fixed costs are $30,000 per year. If Vaughan sells 20,000 units this year, her total contribution margin shown on her income statement will be O A $50,000 O B. $220,000 OC. $80,000 OD. none of the above
A company provided the following data: Selling price per unit Variable cost per unit Total fixed...

A company provided the following data: Selling price per unit Variable cost per unit Total fixed costs 400,000 How many units must be sold to earn a profit of $40,000? a. 20,000 b. 23,333 c. 2,000 Od. 8,500 e. 22,000
Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs...

Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4] Miller Company's contributlon format Income statement for the most recent month is shown below Total Per Unit Sales (37,00e units) Variable expenses $ 333,eee 222,000 $9.ee 6.ee Contrifution margin 111,eee $ 3.00 Fixed expenses 5e,000 Net operating income- 61,e00 Required: (Consider each case independently 1 What is the revised net operating income if unit sales increase by 16%? 2 What is the...

Stella Company sells only two products, Product A and Product B. Total Selling price Variable cost...

Stella Company sells only two products, Product A and Product B. Total Selling price Variable cost per unit Total fixed costs Product A $60.00 $38.00 Product B $30.00 $22.00 $925,000 Stella sells two units of Product A for each unit it sells of Product B. Stella faces a tax rate of 40%. Stella desires a net after-tax income of $69,000. The breakeven point in units would be A. 40,000 units of Product A and 20,000 units of Product B B....
If fixed costs are $338,000, the unit selling price is $72, and the unit variable costs...

If fixed costs are $338,000, the unit selling price is $72, and the unit variable costs are $54, the old and new break-even sales (units), respectively, if the unit selling price increases by $5 are Oa. 4,694 units and 18,778 units Ob. 18,778 units and 14,696 units Oc. 18,778 units and 4,694 units Od. 6,259 units and 14,196 units
Sales price per unit Total Fixed Costs Variable cost per unit $45 $1,500,00 0 $30 How...

Sales price per unit Total Fixed Costs Variable cost per unit $45 $1,500,00 0 $30 How many units does the company have to sell to break even? How much of sales dollar does the company have to make to break even? The company targets to make $500,000 in profit. How many units does the company have to sell to make this target? (round to the nearest integer) Assume that the income tax rate is 20%. How many units does the...

Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs...

Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs (LO5-1, LO5-4) Meer Company's contribution format income statement for the most recent month is shown below. Per Unit $10.00 Sales (33.000 nits) Variable expenses Contribution margin Fixed expenses perating con Required: (Consider each case independently 1 What is the revised net operating income funit sales increase by 10%? 2 What is the revised net operating income of the selling price decreases by $150 per...