Homework Answers
Question 3:
Number of units required to sell to earn a target profit equal to 45% of sales = [Total Fixed Cost + (45% on $540,000)] / [Selling price per unit - Variable cost per unit]
= [$117,000 + ($540,000*45/100)] / ([$540,000/9,000 units] - [$216,000/9,000 units]
= [$117,000 + $243,000] / [$60 per unit - $24 per unit]
= $360,000 / $36 per unit
= 10,000 units
Therefore, number of units required to sell to earn a target profit equal to 45% of sales is 10,000 units.
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I'm unsure with my answer.
Question 3 During May, XYZ Company old 9,000 units and...
I'm unsure with my answer and my steps are here. I posted this question sometimes earlier...
I'm unsure with my answer and my steps are here. I
posted this question sometimes earlier but the guy who posted the
answer told me it should be 10000.
Question 3 During May, XYZ Company old 9,000 units and reported the following income! statement : Sales Variable costs Fixed costs Net income $540,000 216,000 117.000 $207,000 Calculate the number of units XYZ Company needed to sell in May in order to earn a target profit equal to 45% of sales....
I'm unsure with my answer. Question 2 During May, XYZ Company sold 9,000 units and reported...
I'm unsure with my answer.
Question 2 During May, XYZ Company sold 9,000 units and reported the following income statement: Sales $540,000 Variable costs 216,000 Fixed costs 117,000 $207,000 Net income Calculate the margin of safety reported by XYZ Company for May. 345,000
During May, XYZ Company sold 9,000 units and reported the following income statement: Variable costs .........
During May, XYZ Company sold 9,000 units and reported the following income statement: Variable costs ...... Fixed costs Net income ........... ....... ....... ........ $540,000 216,000 117,000 $207,000 Calculate the number of units XYZ Company needed to sell in May in order to earn a target profit equal to 45% of sales.
XYZ Company reported the following information for June: contribution margin per unit ......... $24 fixed costs...
XYZ Company reported the following information for June: contribution margin per unit ......... $24 fixed costs .......................... $180,000 variable cost per unit ............... $36 Calculate the number of units XYZ Company needed to sell in June in order to earn a target profit equal to 24% of sales.
I'm unsure with my answer. Pure Water Products produces two types of water filters. One attaches...
I'm unsure with my answer.
Pure Water Products produces two types of water filters. One attaches to the faucet and cleans all water that passes through the faucet. The other is a pitcher-filter that only purifies water meant for drinking. Revenue and cost information for each product appears below: the unit that attaches to the faucet is sold for 0 and has variable costs of $30 the pitcher-filter sells for $80 and has variable costs of $45 fixed costs total...
11. XYZ Company is a retailer of widgets. XYZ pays $4.75 for each widget and sells...
11. XYZ Company is a retailer of widgets. XYZ pays $4.75 for each widget and sells them for $8.00. Monthly fixed costs are $26,000. The widget cost is the only variable cost. a. What is the contribution margin per unit? b. What is the break-even point in units? c. How many units will XYZ need to sell to earn target profit of $13,000?
I'm unsure with my answer. Question 7 Pure Water Products produces two types of water filters....
I'm unsure with my answer.
Question 7 Pure Water Products produces two types of water filters. One attaches to the faucet and cleans all water that passes through the faucet. The other is a pitcher-filter that only purifies water meant for drinking Revenue and cost information for each product appears below: • the unit that attaches to the faucet is sold for $70 and has variable costs of $30 the pitcher-filter sells for $80 and has variable costs of $45...
I'm not sure with my answer. Bowen Company makes two products from a joint production process....
I'm not sure with my answer.
Bowen Company makes two products from a joint production process. Each product may be sold at the split-off point or processed further and then sold. Information concerning these products for last year is given below: Allocated joint costs .. Sales value after further processing Sales value at the split-off point Additional processing costs Product X $25,000 $41,000 $28,000 $16,000 Product Y $19,000 $47,000 $23,000 $19,000 Assume that Bowen Company makes all the correct sell...
I'm unsure with my answer. Question 4 Executive Training, Inc. provides a personal development seminar that...
I'm unsure with my answer.
Question 4 Executive Training, Inc. provides a personal development seminar that is popular with many companies. Executive Training charges $500 for each seminar it conducts. The number of seminars offered over the last six months along with the total costs of offering these seminars appear below: Seminars Offered Month January February March April May June Costs Incurred $15,400 14,200 18,000 14,700 19,600 16,500 Executive Training, Inc. expects to offer 72 seminars during July. Using the...
I'm unsure with my answer. Question 5 Pure Water Products produces two types of water filters....
I'm unsure with my answer.
Question 5 Pure Water Products produces two types of water filters. One attaches to the faucet and cleans all water that passes through the faucet. The other is a pitcher-filter that only purifies water meant for drinking Revenue and cost information for each product appears below: • the unit that attaches to the faucet is sold for $70 and has variable costs of $30 the pitcher-filter sells for $80 and has variable costs of $45...
I'm unsure with my answer and my steps are here. I
posted this question sometimes earlier but the guy who posted the
answer told me it should be 10000.
Question 3 During May, XYZ Company old 9,000 units and reported the following income! statement : Sales Variable costs Fixed costs Net income $540,000 216,000 117.000 $207,000 Calculate the number of units XYZ Company needed to sell in May in order to earn a target profit equal to 45% of sales....
I'm unsure with my answer.
Question 2 During May, XYZ Company sold 9,000 units and reported the following income statement: Sales $540,000 Variable costs 216,000 Fixed costs 117,000 $207,000 Net income Calculate the margin of safety reported by XYZ Company for May. 345,000
During May, XYZ Company sold 9,000 units and reported the following income statement: Variable costs ...... Fixed costs Net income ........... ....... ....... ........ $540,000 216,000 117,000 $207,000 Calculate the number of units XYZ Company needed to sell in May in order to earn a target profit equal to 45% of sales.
I'm unsure with my answer.
Pure Water Products produces two types of water filters. One attaches to the faucet and cleans all water that passes through the faucet. The other is a pitcher-filter that only purifies water meant for drinking. Revenue and cost information for each product appears below: the unit that attaches to the faucet is sold for 0 and has variable costs of $30 the pitcher-filter sells for $80 and has variable costs of $45 fixed costs total...
I'm unsure with my answer.
Question 7 Pure Water Products produces two types of water filters. One attaches to the faucet and cleans all water that passes through the faucet. The other is a pitcher-filter that only purifies water meant for drinking Revenue and cost information for each product appears below: • the unit that attaches to the faucet is sold for $70 and has variable costs of $30 the pitcher-filter sells for $80 and has variable costs of $45...
I'm not sure with my answer.
Bowen Company makes two products from a joint production process. Each product may be sold at the split-off point or processed further and then sold. Information concerning these products for last year is given below: Allocated joint costs .. Sales value after further processing Sales value at the split-off point Additional processing costs Product X $25,000 $41,000 $28,000 $16,000 Product Y $19,000 $47,000 $23,000 $19,000 Assume that Bowen Company makes all the correct sell...
I'm unsure with my answer.
Question 4 Executive Training, Inc. provides a personal development seminar that is popular with many companies. Executive Training charges $500 for each seminar it conducts. The number of seminars offered over the last six months along with the total costs of offering these seminars appear below: Seminars Offered Month January February March April May June Costs Incurred $15,400 14,200 18,000 14,700 19,600 16,500 Executive Training, Inc. expects to offer 72 seminars during July. Using the...
I'm unsure with my answer.
Question 5 Pure Water Products produces two types of water filters. One attaches to the faucet and cleans all water that passes through the faucet. The other is a pitcher-filter that only purifies water meant for drinking Revenue and cost information for each product appears below: • the unit that attaches to the faucet is sold for $70 and has variable costs of $30 the pitcher-filter sells for $80 and has variable costs of $45...
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