Stephanie's Bridal Shoppe sells wedding dresses. The average selling price of each dress is $1,000, variable...
Stephanie's Bridal Shoppe sells wedding dresses. The average selling price of each dress is $1,000, variable costs are $400, and fixed costs are $90,000. How many dresses must the Bridal Shoppe sell to yield after-tax net income of $18,000, assuming the tax rate is 40%? A) 200 dresses B) 170 dresses C) 150 dresses D) 145 dresses
Homework Answers
| Required before tax income = 18000/(1-40%)= $30000 |
| Number of dresses to be sold = (Fixed costs+Before tax income)/Unit Contribution margin |
| Number of dresses to be sold = (90000+30000)/(1000-400)= 200 dresses |
| Option A is correct |
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Stephanie's Bridal Shoppe sells wedding dresses. The average
selling price of each dress is $1,000, variable...
Answer these following questions: 1. Bridal Shoppe sells wedding dresses. The cost of each dress is...
Answer these following questions: 1. Bridal Shoppe sells wedding dresses. The cost of each dress is comprised of the following: Selling price of $500 and variable (flexible) costs of $200. Total fixed (capacity-related costs for Bridal Shoppe are $90,000. What is the contribution margin per dress a. $500 b. $300 c $600 d. none of these 2. Bridal Shoppe sells wedding dresses. The cost of each dress is comprised of the following: Selling price of $500 and variable (flexible) costs...
Direct manufacturing labor costs in 2017 Manufacturing overhead costs in 2017 $4,000 $26,000 $36,000 2. Calculate...
Direct manufacturing labor costs in 2017 Manufacturing overhead costs in 2017 $4,000 $26,000 $36,000 2. Calculate (a) Cost of goods manufactured in 2017 and (b) Cost of goods sold in 2017. (12 points) Beginning work-in-process inventory, 1/1/2017 Total manufacturing costs incurred in 2017 Ending work-in-process inventory, 12/31/2017 Beginning inventory of finished goods, 1/1/2017 Ending inventory of finished goods, 12/31/2017 $12,000 $164,000 $10,000 $13,000 $17,000 3. How many units would have to be sold to yield a target operating income of...
Answer these questions following: 1. When all other variables are held constant and selling price is...
Answer these questions following: 1. When all other variables are held constant and selling price is decreased, the break even point will be a. higher b. lower c. not changed 2. Bridal Shoppe sells wedding dresses. The cost of each dress is comprised of the following: Selling price of $500 and variable (flexible) costs of $200. Total fixed (capacity-related) costs for Bridal Shoppe are $90,000. What is the break even in dresses sold? a 100 b. 200 C. 300 d....
The number of units required to be sold to achieve $60,000 of operating profit is a....
The number of units required to be sold to achieve $60,000 of operating profit is a. 10,000 units. b. 11,666 units. c. 15,000 units. d. 18,000 units. e. 12,000 units. Multiple Choice te the information below to answer the following questions chicaco Industries Inc. had the following activities during the year Direct materials: Beginning inventory $40,000 Purchases 126,000 Ending inventory 36,000 Direct manufacturing labour 45,000 Manufacturing overhead 35,000 Ending work-in-process inventory 12,000 Beginning work-in-process inventory 3,000 Ending finished goods inventory...
Comy and Sweet grows and sells sweet corn at its roadside produce stand. The selling price...
Comy and Sweet grows and sells sweet corn at its roadside produce stand. The selling price per dozen is $2.50, variable costs are $1.25 per dozen, and total fixed costs are $500. How many dozens of ears of com must Comy and Sweet sell to breakeven? (Round your final answer to the nearest unit amount.) A. 400 O B. 200 O C. 133 O D. 1,000
Questions 8-10 are based on the following revenue and cost structure: Selling price per unit: Variable...
Questions 8-10 are based on the following revenue and cost structure: Selling price per unit: Variable cost per unit: $ 100 S 40 $12,000 40% Total fixed costs: Tax rate on operating income: 8. How many units must be sold to breakeven? a. 150 b. 200 c. 250 d. 400
Maple Enterprises sells a single product with a selling price of $60 and variable costs per...
Maple Enterprises sells a single product with a selling price of $60 and variable costs per unit of $24. The company's monthly fixed expenses are $18,000. A. What is the company's break-even point in units? Break-even units 500 units B. What is the company's break-even point in dollars? Break-even dollars $ 30,000 Feedback C. Construct contribution margin income statement for the month of September when they will sell 1,000 units. Use a minus sign for a net loss if present....
Questions 8-10 are based on the following revenue and cost structure: Selling price per unit: Variable...
Questions 8-10 are based on the following revenue and cost structure: Selling price per unit: Variable cost per unit: Total fixed costs Tax rate on operating income: 100 S 40 S12,000 40% 9. How many units must be sold to earn a target operating income of $60,000 a. 400 b. 600 c. 1,000 d. 1,200
QUESTION 5 Northenscold Company sells several products. Information of average revenue and costs is as follows:...
QUESTION 5 Northenscold Company sells several products. Information of average revenue and costs is as follows: Selling price $150 per unit Variable costs I $90 per unit Total fixed costs $300,000 The number of units that the Company must sell to reach the targeted operating income of $90,000 5,000 units 6,500 units 3,334 units 4,334 units
Victor Co. sells ratios for $30 each. Fixed costs total $15,000. Unit variable costs $20. The...
Victor Co. sells ratios for $30 each. Fixed costs total $15,000. Unit variable costs $20. The tax rate is 40%. How many radios must Victor Co. sell to earn after-tax profit of $21,000?
Answer these following questions: 1. Bridal Shoppe sells wedding dresses. The cost of each dress is comprised of the following: Selling price of $500 and variable (flexible) costs of $200. Total fixed (capacity-related costs for Bridal Shoppe are $90,000. What is the contribution margin per dress a. $500 b. $300 c $600 d. none of these 2. Bridal Shoppe sells wedding dresses. The cost of each dress is comprised of the following: Selling price of $500 and variable (flexible) costs...
Direct manufacturing labor costs in 2017 Manufacturing overhead costs in 2017 $4,000 $26,000 $36,000 2. Calculate (a) Cost of goods manufactured in 2017 and (b) Cost of goods sold in 2017. (12 points) Beginning work-in-process inventory, 1/1/2017 Total manufacturing costs incurred in 2017 Ending work-in-process inventory, 12/31/2017 Beginning inventory of finished goods, 1/1/2017 Ending inventory of finished goods, 12/31/2017 $12,000 $164,000 $10,000 $13,000 $17,000 3. How many units would have to be sold to yield a target operating income of...
Answer these questions following: 1. When all other variables are held constant and selling price is decreased, the break even point will be a. higher b. lower c. not changed 2. Bridal Shoppe sells wedding dresses. The cost of each dress is comprised of the following: Selling price of $500 and variable (flexible) costs of $200. Total fixed (capacity-related) costs for Bridal Shoppe are $90,000. What is the break even in dresses sold? a 100 b. 200 C. 300 d....
The number of units required to be sold to achieve $60,000 of operating profit is a. 10,000 units. b. 11,666 units. c. 15,000 units. d. 18,000 units. e. 12,000 units. Multiple Choice te the information below to answer the following questions chicaco Industries Inc. had the following activities during the year Direct materials: Beginning inventory $40,000 Purchases 126,000 Ending inventory 36,000 Direct manufacturing labour 45,000 Manufacturing overhead 35,000 Ending work-in-process inventory 12,000 Beginning work-in-process inventory 3,000 Ending finished goods inventory...
Comy and Sweet grows and sells sweet corn at its roadside produce stand. The selling price per dozen is $2.50, variable costs are $1.25 per dozen, and total fixed costs are $500. How many dozens of ears of com must Comy and Sweet sell to breakeven? (Round your final answer to the nearest unit amount.) A. 400 O B. 200 O C. 133 O D. 1,000
Questions 8-10 are based on the following revenue and cost structure: Selling price per unit: Variable cost per unit: $ 100 S 40 $12,000 40% Total fixed costs: Tax rate on operating income: 8. How many units must be sold to breakeven? a. 150 b. 200 c. 250 d. 400
Maple Enterprises sells a single product with a selling price of $60 and variable costs per unit of $24. The company's monthly fixed expenses are $18,000. A. What is the company's break-even point in units? Break-even units 500 units B. What is the company's break-even point in dollars? Break-even dollars $ 30,000 Feedback C. Construct contribution margin income statement for the month of September when they will sell 1,000 units. Use a minus sign for a net loss if present....
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