Campbell Company incurs annual fixed costs of $112,400. Variable costs for Campbell’s product are $32.50 per...
Campbell Company incurs annual fixed costs of $112,400. Variable costs for Campbell’s product are $32.50 per unit, and the sales price is $50.00 per unit. Campbell desires to earn an annual profit of $64,000. Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit.
Homework Answers
Contribution margin = Sales price - Unit variable cost = $50.00 - $32.50 = $17.50
Contribution margin ratio = Contribution margin / Sales price = $17.50 / $50.00 = 0.35 or 35%
Sales in dollars = (Fixed costs + Desired profit) / Contribution margin ratio
Sales in dollars = ($112,400 + $64,000) / 0.35
Sales in dollars = $504,000
Sales volume in units = (Fixed costs + Desired profit) / Contribution margin
Sales volume in units = ($112,400 + $64,000) / $17.50
Sales volume in units = 10,080 units
Add Answer to:
Campbell Company incurs annual fixed costs of $112,400. Variable
costs for Campbell’s product are $32.50 per...
Campbell Company incurs annual fixed costs of $110.055. Variable costs for Campbell's product are $22.05 per...
Campbell Company incurs annual fixed costs of $110.055. Variable costs for Campbell's product are $22.05 per unit, and the sales price is $35.00 per unit. Campbell desires to earn an annual profit of $57000 Required Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Salos in dollars Sales volume in units
Thornton Company incurs annual fixed costs of $78,965. Variable costs for Thornton's product are $34.50 per...
Thornton Company incurs annual fixed costs of $78,965. Variable costs for Thornton's product are $34.50 per unit, and the sales price is $50.00 per unit. Thornton desires to earn an annual profit of $61,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Rundle Company incurs annual fixed costs of $103,055. Variable costs for Rundle's product are $25.20 per...
Rundle Company incurs annual fixed costs of $103,055. Variable costs for Rundle's product are $25.20 per unit, and the sales price is $40.00 per unit. Rundle desires to earn an annual profit of $64,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Zachary Company incurs annual fixed costs of $111,000. Variable costs for Zachary’s product are $21.00 per unit, and the...
Zachary Company incurs annual fixed costs of $111,000. Variable costs for Zachary’s product are $21.00 per unit, and the sales price is $35.00 per unit. Zachary desires to earn an annual profit of $57,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit.
Finch Company incurs annual fixed costs of $57,415. Variable costs for Finch's product are $20.10 per...
Finch Company incurs annual fixed costs of $57,415. Variable costs for Finch's product are $20.10 per unit, and the sales price is $30.00 per unit. Finch desires to earn an annual profit of $50,000. Required Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit. (Do not round Intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Rooney Company incurs annual fixed costs of $101,420. Variable costs for Rooney’s product are $21.35 per...
Rooney Company incurs annual fixed costs of $101,420. Variable
costs for Rooney’s product are $21.35 per unit, and the sales price
is $35.00 per unit. Rooney desires to earn an annual profit of
$46,000.
Required
Use the per unit contribution margin approach to determine the
sales volume in units and dollars required to earn the desired
profit. (Do not round intermediate calculations. Round your
final answers to the nearest whole number.)
Sales in dollars Sales volume in units
Solomon Company incurs annual fixed costs of $71,000. Variable costs for Solomon's product are $21.00 per...
Solomon Company incurs annual fixed costs of $71,000. Variable costs for Solomon's product are $21.00 per unit, and the sales price is $35.00 per unit. Solomon desires to earn an annual profit of $55,000. Required Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit. (Do not round Intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Jordan Company incurs annual fixed costs of $145,600. Variable costs for Jordan's product are $27.00 per...
Jordan Company incurs annual fixed costs of $145,600. Variable costs for Jordan's product are $27.00 per unit, and the sales price is $45.00 per unit. Jordan desires to earn an annual profit of $56,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Fanning Company incurs annual fixed costs of $83.530. Variable costs for Fanning's product are $30.15 per...
Fanning Company incurs annual fixed costs of $83.530. Variable costs for Fanning's product are $30.15 per unit, and the sales price is $45.00 per unit. Fanning desires to earn an annual profit of $62,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Salos in dollars Sales volume in units
Jordan Company incurs annual fixed costs of $89,515. Variable costs for Jordan’s product are $21.35 per...
Jordan Company incurs annual fixed costs of $89,515. Variable costs for Jordan’s product are $21.35 per unit, and the sales price is $35.00 per unit. Jordan desires to earn an annual profit of $62,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)
Campbell Company incurs annual fixed costs of $110.055. Variable costs for Campbell's product are $22.05 per unit, and the sales price is $35.00 per unit. Campbell desires to earn an annual profit of $57000 Required Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Salos in dollars Sales volume in units
Thornton Company incurs annual fixed costs of $78,965. Variable costs for Thornton's product are $34.50 per unit, and the sales price is $50.00 per unit. Thornton desires to earn an annual profit of $61,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Rundle Company incurs annual fixed costs of $103,055. Variable costs for Rundle's product are $25.20 per unit, and the sales price is $40.00 per unit. Rundle desires to earn an annual profit of $64,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Finch Company incurs annual fixed costs of $57,415. Variable costs for Finch's product are $20.10 per unit, and the sales price is $30.00 per unit. Finch desires to earn an annual profit of $50,000. Required Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit. (Do not round Intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Rooney Company incurs annual fixed costs of $101,420. Variable
costs for Rooney’s product are $21.35 per unit, and the sales price
is $35.00 per unit. Rooney desires to earn an annual profit of
$46,000.
Required
Use the per unit contribution margin approach to determine the
sales volume in units and dollars required to earn the desired
profit. (Do not round intermediate calculations. Round your
final answers to the nearest whole number.)
Sales in dollars Sales volume in units
Solomon Company incurs annual fixed costs of $71,000. Variable costs for Solomon's product are $21.00 per unit, and the sales price is $35.00 per unit. Solomon desires to earn an annual profit of $55,000. Required Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit. (Do not round Intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Jordan Company incurs annual fixed costs of $145,600. Variable costs for Jordan's product are $27.00 per unit, and the sales price is $45.00 per unit. Jordan desires to earn an annual profit of $56,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units
Fanning Company incurs annual fixed costs of $83.530. Variable costs for Fanning's product are $30.15 per unit, and the sales price is $45.00 per unit. Fanning desires to earn an annual profit of $62,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Salos in dollars Sales volume in units
Most questions answered within 3 hours.
-
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 44 minutes ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 41 minutes ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 1 hour ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 3 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 3 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 3 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 3 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 3 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 3 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 3 hours ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 3 hours ago -
Explain an understanding of services and protocols.
Explain the job of DNS.
Explain the three email...
asked 4 hours ago