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Franklin Corporation is a manufacturing company that makes small electric motors it sells for $38 per...
Stuart Corporation is a manufacturing company that makes small electric motors it sells for $53 per...
Stuart Corporation is a manufacturing company that makes small electric motors it sells for $53 per unit. The variable costs of production are $35 per motor, and annual fixed costs of production are $396,000. Required a. How many units of product must Stuart make and sell to break even? b. How many units of product must Stuart make and sell to earn a $72,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Zachary Corporation is a manufacturing company that makes small electric motors it sells for $49 per...
Zachary Corporation is a manufacturing company that makes small electric motors it sells for $49 per unit. The variable costs of production are $25 per motor, and annual fixed costs of production are $528,000. Required How many units of product must Zachary make and sell to break even? How many units of product must Zachary make and sell to earn a $72,000 profit? The marketing manager believes that sales would increase dramatically if the price were reduced to $45 per...
Baird Corporation is a manufacturing company that makes small electric motors it sells for $50 per...
Baird Corporation is a manufacturing company that makes small electric motors it sells for $50 per unit. The variable costs of production are $30 per motor, and annual fixed costs of production are $360,000. Required a. How many units of product must Baird make and sell to break even? b. How many units of product must Baird make and sell to earn a $60,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Finch Corporation is a manufacturing company that makes small electric motors it sells for $48 per...
Finch Corporation is a manufacturing company that makes small electric motors it sells for $48 per unit. The variable costs of production are $28 per motor, and annual fixed costs of production are $310,000. Required How many units of product must Finch make and sell to break even? How many units of product must Finch make and sell to earn a $70,000 profit? The marketing manager believes that sales would increase dramatically if the price were reduced to $47 per...
Stone Corporation is a manufacturing company that makes small electric motors it sells for $45 per...
Stone Corporation is a manufacturing company that makes small electric motors it sells for $45 per unit. The variable costs of production are $25 per motor, and annual fixed costs of production are $800,000 Required a. How many units of product must Stone make and sell to break even? b. How many units of product must Stone make and sell to earn a $120,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Fowler Company produces a product that sells for $200 per unit and has a variable cost...
Fowler Company produces a product that sells for $200 per unit and has a variable cost of $125 per unit. Fowler incurs annual fixed costs of $450,000 Required a. Determine the sales volume in units and dollars required to break even. (Do not round intermediate calculations.) b. Calculate the break-even point assuming fixed costs increase to $600,000. (Do not round intermediate calculations.) Answer is not complete. 6,000 $ 1,200,000 Sales volume in units Sales in dollars Break-even units Break-even sales...
Franklin Corporation produces products that it sells for $18 each. Variable costs per unit are $6,...
Franklin Corporation produces products that it sells for $18 each. Variable costs per unit are $6, and annual fixed costs are $241,200. Franklin desires to earn a profit of $58,800. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. a Break-even point in units Break-even point in dollars b. Sales volume in units Sales in dollars
Marlin Motors sells a single product with a selling price of $490 with variable costs per...
Marlin Motors sells a single product with a selling price of $490 with variable costs per unit of $196. The company's monthly fixed expenses are $52,920. C. Prepare a contribution margin income statement for the month of November when they will sell 140 units. Use a minus sign for a net loss if present. Income Statement Sales $ Variable Costs Contribution Margin $ Fixed Costs Net Loss $ D. How many units will Marlin need to sell in order to...
Franklin Company makes and sells lawn mowers for which it currently makes the engines. It has...
Franklin Company makes and sells lawn mowers for which it currently makes the engines. It has an opportunity to purchase the engines from a reliable manufacturer. The annual costs of making the engines are shown here. Cost of materials (14,900 Units X $28) Labor (14,900 Units X $26) Depreciation on manufacturing equipment Salary of supervisor of engine production Rental cost of equipment used to make engines Allocated portion of corporate-level facility-sustaining costa Total cost to make 14,900 angines $ 417,200...
Q.5 Franklin Company currently produces and sells 7,700 units annually of a product that has a...
Q.5
Franklin Company currently produces and sells 7,700 units
annually of a product that has a variable cost of $8 per unit and
annual fixed costs of $287,900. The company currently earns a
$74,000 annual profit. Assume that Franklin has the opportunity to
invest in new labor-saving production equipment that will enable
the company to reduce variable costs to $6 per unit. The investment
would cause fixed costs to increase by $9,000 because of additional
depreciation cost.
Required
Use the...
Stuart Corporation is a manufacturing company that makes small electric motors it sells for $53 per unit. The variable costs of production are $35 per motor, and annual fixed costs of production are $396,000. Required a. How many units of product must Stuart make and sell to break even? b. How many units of product must Stuart make and sell to earn a $72,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Baird Corporation is a manufacturing company that makes small electric motors it sells for $50 per unit. The variable costs of production are $30 per motor, and annual fixed costs of production are $360,000. Required a. How many units of product must Baird make and sell to break even? b. How many units of product must Baird make and sell to earn a $60,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Stone Corporation is a manufacturing company that makes small electric motors it sells for $45 per unit. The variable costs of production are $25 per motor, and annual fixed costs of production are $800,000 Required a. How many units of product must Stone make and sell to break even? b. How many units of product must Stone make and sell to earn a $120,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Fowler Company produces a product that sells for $200 per unit and has a variable cost of $125 per unit. Fowler incurs annual fixed costs of $450,000 Required a. Determine the sales volume in units and dollars required to break even. (Do not round intermediate calculations.) b. Calculate the break-even point assuming fixed costs increase to $600,000. (Do not round intermediate calculations.) Answer is not complete. 6,000 $ 1,200,000 Sales volume in units Sales in dollars Break-even units Break-even sales...
Franklin Corporation produces products that it sells for $18 each. Variable costs per unit are $6, and annual fixed costs are $241,200. Franklin desires to earn a profit of $58,800. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. a Break-even point in units Break-even point in dollars b. Sales volume in units Sales in dollars
Franklin Company makes and sells lawn mowers for which it currently makes the engines. It has an opportunity to purchase the engines from a reliable manufacturer. The annual costs of making the engines are shown here. Cost of materials (14,900 Units X $28) Labor (14,900 Units X $26) Depreciation on manufacturing equipment Salary of supervisor of engine production Rental cost of equipment used to make engines Allocated portion of corporate-level facility-sustaining costa Total cost to make 14,900 angines $ 417,200...
Q.5
Franklin Company currently produces and sells 7,700 units
annually of a product that has a variable cost of $8 per unit and
annual fixed costs of $287,900. The company currently earns a
$74,000 annual profit. Assume that Franklin has the opportunity to
invest in new labor-saving production equipment that will enable
the company to reduce variable costs to $6 per unit. The investment
would cause fixed costs to increase by $9,000 because of additional
depreciation cost.
Required
Use the...
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