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
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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
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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...
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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
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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
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