How many sales are required to earn a target after-tax net income of $87000 if total...
Question 12 How many sales are required to earn a target after-tax net income of $88000 if total fixed costs are $96000, the contribution margin ratio is 40%, and the tax rate is 20%? O $7040000 O $%240000 $515000 $1340000
QUESTION 6 How much sales are required to earn a target income of $120,000 if total fixed costs are $150,000 and the contribution margin ratio is 40% $450,000 $300,000 $675,000 $495,000
Multiple Choice Question 132 How much sales are required to earn a target income of $249600 if total fixed costs are $312000 and the contribution margin ratio is 40%? $624000 $936000 $1404000 $1029600 LINK TO TEXT
After-Tax Profit Targets Olivian Company wants to earn $540,000 in net (after-tax) income next year. Its product is priced at $350 per unit. Product costs include: Direct materials $105.00 Direct labor $77.00 Variable overhead $17.50 Total fixed factory overhead $420,000 Variable selling expense is $14 per unit; fixed selling and administrative expense totals $270,000. Olivian has a tax rate of 40 percent. Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of $540,000. $ 2. Calculate the...
Margin of safety ratio. 4. Net operating income ercentage. 10-13 Effect of taxes on break-even and target volume Yosemite Enterprises desires to earn an after-tax income of $150,000 It has fixed costs of $1,000,000. a unit sales price o! $500, and unit variable cosEs of $200. The company is in the 30% tax bracket. 1. How many dol ars of sales revenue must be earned to achieve the after-tax profit of $150.000? 2. How many dollars of revenue would have...
After-Tax Profit Targets Olivian Company wants to earn $360,000 in net (after-tax) income next year. Its product is priced at $350 per unit. Product costs include: $105.00 Direct materials Direct labor Variable overhead Total fixed factory overhead $77.00 $17.50 $400,000 Variable selling expense is $14 per unit; fixed selling and administrative expense totals $250,000. Olivian has a tax rate of 40 percent. Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of $360,000. $ 600,000 2. Calculate...
Effect of taxes on break-even and target volume Machine INC desires an after-tax income of $500,000. It has fixed costs of $2,500,000, a unit sales price of $300, and unit variable costs of $150; it is in the 40% tax bracket. Required: A. What amount of the pre-tax income is needed to earn an after-tax income B. What target volume sales revenue must be reached to earn the $500,000 C. Assuming that this is a single-product firm, how many units...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total Per Unit $ 612,000 Sales Variable expenses $ 40 428,400 28 Contribution margin $ 12 183,600 Fixed expenses 151,200 Net operating income 32,400 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? Break-even point in unit sales units Break-even point in sales dollars 2. Without resorting to computations, what is the total contribution margin at the break-even point?...
Menlo Company distributes a single product. The company’s sales
and expenses for last month follow:
Total
Per Unit
Sales
$
632,000
$
40
Variable expenses
442,400
28
Contribution margin
189,600
$
12
Fixed expenses
151,200
Net operating income
$
38,400
Required: 1. What is the monthly break-even point in unit sales and in dollar sales? [ Break-even point in unit sales Break-even point in sales dollars 12,600 units 504,000 $ 2. Without resorting to computations, what...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses Total $ 314,000 219,800 Per Unit $ 20 14 $ 6 Contribution margin Fixed expenses 94,200 78,000 Net operating income $ 16, 200 3-a. How many units would have to be sold each month to earn a target profit of $34,800? Use the formula method. Units sold 18,800 3-b. Verify your answer by preparing a contribution format income statement at the target...