Homework Answers
12) $245,000 (1st option)
13) $1,700,000 (5th option)
14) 25% (2nd option)
15) 6,500 (1st option)
Add Answer to:
Question 15 2.5 pts A product sells for $200 per unit, and its variable costs per...
Question 19 2.5 pts The budgeted income statement presented below is for Burkett Corporation for the...
Question 19 2.5 pts The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $130,000 100% $ 1,000,000 Collapse Sales (50,000 units) Costs: Direct materials Direct labor Fixed factory overhead Variable factory overhead Fixed marketing costs Variable marketing costs Pretax income $ 270,000 240,000 100,000 150,000 110,000 50,000 920,000 $ 80,000 53,165 81.250. 36,207. 50,000 58,621 D...
ve expected sales. O Expected sales over break-even sales Question 11 2.5 pts During March, a...
ve expected sales. O Expected sales over break-even sales Question 11 2.5 pts During March, a firm expects its total sales to be $160,000, its total variable costs to be $95.000, and its total fixed costs to be $25,000. The contribution margin for March is: O $65,000. O $90,000 $120,000 O $40,000 $25,000 2.5 pts Question 12 Watson Company has monthly fixed costs of $83,000 and a 40% contribution margin ratio. If the company has set a target monthly income...
Watson Company has monthly fixed costs of $83.000 and a 40% contribution margin Tato. IT the...
Watson Company has monthly fixed costs of $83.000 and a 40% contribution margin Tato. IT the company has set a target monthly income of $15,000, what dollar amon sales must be made to produce the target income? inc All of these During its most recent fiscal year, ost recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution 902 ang amounted to $1,500,000 and pretax income was $400,000. What amount she been reported as variable costs in the company's...
A firm expects to sell 25,200 units of its product at $11.20 per unit and to...
A firm expects to sell 25,200 units of its product at $11.20 per unit and to incur variable costs per unit of $6.20. Total fixed costs are $72,000. The total contribution margin is: Watson Company has monthly fixed costs of $74,000 and a 50% contribution margin ratio. If the company has set a target monthly income of $14,100, what dollar amount of sales must be made to produce the target Income?
Blanchard Company manufactures a single product that sells for $240 per unit and whose total variable...
Blanchard Company manufactures a single product that sells for $240 per unit and whose total variable costs are $192 per unit. The company's annual fixed costs are $734,400. Management targets an annual pretax income of $1,200,000. Assume that fixed costs remain at $734,400. Answer is complete but not entirely correct. (1) Compute the unit sales to earn the target income. Units to Achieve Target Choose Denominator: Choose Numerator: Contribution margin per Units to achieve target Fixed costs plus pretax income...
O Variable costs per unit remain the same regardless of the volume. Question 7 2.5 pts...
O Variable costs per unit remain the same regardless of the volume. Question 7 2.5 pts Which of the following costs are most likely to be classified as variable? Factory rent Manager salaries Insurance Direct materials Straight-line depreciation 2.5 pts Question 8 Which of the following costs are most likely to be classified as fixed? Differential cost Question 6 2.5 pts Which one of the following statements is not true? Total fixed costs remain the same regardless of volume within...
Question 31 2.5 pts Zhang Industries sells a product for $700 per unit. Unit sales for...
Question 31 2.5 pts Zhang Industries sells a product for $700 per unit. Unit sales for May were 400, and each month's unit sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $3,000 and a commission of 2% of sales. Compute the budgeted selling expense for the manager for the month ended June 30. $8,600. $11,652. $8,652. $5,768. $8,768. 2.5 pts Question 32 MacBook Air Question 30 2.5 pts Zhang Industries sells a...
Watson Company has monthly fixed costs of $80,000 and a 50% contribution margin ratio. If the...
Watson Company has monthly fixed costs of $80,000 and a 50% contribution margin ratio. If the company has set a target monthly income of $14,700, what dollar amount of sales must be made to produce the target income? $94,700 $160,000 $29,400 C) $130,600 $189,400 The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $179,000. $990,000 Sales...
Blanchard Company manufactures a single product that sells for $100 per unit and whose total variable...
Blanchard Company manufactures a single product that sells for $100 per unit and whose total variable costs are $76 per unit. The company's annual fixed costs are $338,400. Management targets an annual pretax income of $600,000. Assume that fixed costs remain at $338,400. (1) Compute the unit sales to earn the target income Choose Numerator: Choose Denominator: | = | Units to Achieve Target Contribution margin per unitUnits to achieve target Fixed costs plus pretax income (2) Compute the dollar...
Blanchard Company manufactures a single product that sells for $150 per unit and whose total variable costs are $120 per unit
Blanchard Company manufactures a single product that sells for $150 per unit and whose total variable costs are $120 per unit. The company's annual fixed costs are $471,000.Exercise 18-17 Target income and margin of safety (in dollars) LO C21. Assume Hudson Co. has a target pretax income of $156,000 for 2018. What amount of sales (in dollars) is needed to produce this target income?2. If Hudson achieves its target pretax income for 2018, what is its margin of safety (in...
Question 19 2.5 pts The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $130,000 100% $ 1,000,000 Collapse Sales (50,000 units) Costs: Direct materials Direct labor Fixed factory overhead Variable factory overhead Fixed marketing costs Variable marketing costs Pretax income $ 270,000 240,000 100,000 150,000 110,000 50,000 920,000 $ 80,000 53,165 81.250. 36,207. 50,000 58,621 D...
ve expected sales. O Expected sales over break-even sales Question 11 2.5 pts During March, a firm expects its total sales to be $160,000, its total variable costs to be $95.000, and its total fixed costs to be $25,000. The contribution margin for March is: O $65,000. O $90,000 $120,000 O $40,000 $25,000 2.5 pts Question 12 Watson Company has monthly fixed costs of $83,000 and a 40% contribution margin ratio. If the company has set a target monthly income...
Watson Company has monthly fixed costs of $83.000 and a 40% contribution margin Tato. IT the company has set a target monthly income of $15,000, what dollar amon sales must be made to produce the target income? inc All of these During its most recent fiscal year, ost recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution 902 ang amounted to $1,500,000 and pretax income was $400,000. What amount she been reported as variable costs in the company's...
A firm expects to sell 25,200 units of its product at $11.20 per unit and to incur variable costs per unit of $6.20. Total fixed costs are $72,000. The total contribution margin is: Watson Company has monthly fixed costs of $74,000 and a 50% contribution margin ratio. If the company has set a target monthly income of $14,100, what dollar amount of sales must be made to produce the target Income?
Blanchard Company manufactures a single product that sells for $240 per unit and whose total variable costs are $192 per unit. The company's annual fixed costs are $734,400. Management targets an annual pretax income of $1,200,000. Assume that fixed costs remain at $734,400. Answer is complete but not entirely correct. (1) Compute the unit sales to earn the target income. Units to Achieve Target Choose Denominator: Choose Numerator: Contribution margin per Units to achieve target Fixed costs plus pretax income...
O Variable costs per unit remain the same regardless of the volume. Question 7 2.5 pts Which of the following costs are most likely to be classified as variable? Factory rent Manager salaries Insurance Direct materials Straight-line depreciation 2.5 pts Question 8 Which of the following costs are most likely to be classified as fixed? Differential cost Question 6 2.5 pts Which one of the following statements is not true? Total fixed costs remain the same regardless of volume within...
Question 31 2.5 pts Zhang Industries sells a product for $700 per unit. Unit sales for May were 400, and each month's unit sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $3,000 and a commission of 2% of sales. Compute the budgeted selling expense for the manager for the month ended June 30. $8,600. $11,652. $8,652. $5,768. $8,768. 2.5 pts Question 32 MacBook Air Question 30 2.5 pts Zhang Industries sells a...
Watson Company has monthly fixed costs of $80,000 and a 50% contribution margin ratio. If the company has set a target monthly income of $14,700, what dollar amount of sales must be made to produce the target income? $94,700 $160,000 $29,400 C) $130,600 $189,400 The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $179,000. $990,000 Sales...
Blanchard Company manufactures a single product that sells for $100 per unit and whose total variable costs are $76 per unit. The company's annual fixed costs are $338,400. Management targets an annual pretax income of $600,000. Assume that fixed costs remain at $338,400. (1) Compute the unit sales to earn the target income Choose Numerator: Choose Denominator: | = | Units to Achieve Target Contribution margin per unitUnits to achieve target Fixed costs plus pretax income (2) Compute the dollar...
Blanchard Company manufactures a single product that sells for $150 per unit and whose total variable costs are $120 per unit. The company's annual fixed costs are $471,000.Exercise 18-17 Target income and margin of safety (in dollars) LO C21. Assume Hudson Co. has a target pretax income of $156,000 for 2018. What amount of sales (in dollars) is needed to produce this target income?2. If Hudson achieves its target pretax income for 2018, what is its margin of safety (in...
Most questions answered within 3 hours.
-
You are attempting to calculate a firm’s free cash flow to
equity. You know the following...
asked 25 minutes ago -
the following reaction occurs in a balloon containing
N2O2 gas
N2O4(g)=2NO2(g)
will the volume of the...
asked 1 hour ago -
answer the questions throughout this program
public class Day implements Comparable {
Private Boolean atWork;...
asked 1 hour ago -
This is C++ code for parking fee management program
#include <iostream>
#include <iomanip>
using namespace std;...
asked 1 hour ago -
The free energy change for the following reaction at 25 °C, when
[Sn2+] = 1.17 M...
asked 3 hours ago -
An MNE is this kind of industry when competition in one country
is essentially independent of...
asked 4 hours ago -
. For this set of questions, determine what
proportion of a normal distribution is located betweeneach...
asked 5 hours ago -
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 6 hours ago -
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 5 hours ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 6 hours ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 7 hours ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 7 hours ago