Homework Answers
| Answer | |
| Contribution margin/smoker=(76-38)=$38 | |
| a | Break even=Fixed costs/Contribution margin |
| (281200/38)=7400 smokers. | |
| b | Before tax income required=63840/(1-0.4)=$106,400 |
| Target Contribution margin=Fixed costs+Before tax income required | |
| (281,200+106,400)=$387,600 | |
| Hence smokers=(387,600/38)=10,200 smokers. | |
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Hunter & Sons sells a single model of meat smoker for use in the home. The...
Hunter & Sons sells a single model of meat smoker for use in the home. The...
Hunter & Sons sells a single model of meat smoker for use in the home. The smokers have the following price and cost characteristics Sales price Variable costs Fixed costs $ 84 per smoker 35 per smoker 343,000 per month Hunter & Sons is subject to an income tax rate of 40 percent Required: a. How many smokers must Hunter & Sons sell every month to break even? Break-even sales in units b. How many smokers must Hunter & Sons...
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Hunter & Sons sells a single model of meat smoker for use in the home. The...
Hunter & Sons sells a single model of meat smoker for use in
the home. The smokers have the following price and cost
characteristics.
Sales price
$
84
per smoker
Variable costs
32
per smoker
Fixed costs
395,200
per month
Hunter & Sons is subject to an income tax rate of 40
percent.
Required:
a. How many smokers must Hunter & Sons sell
every month to break even?
b. How many smokers must Hunter & Sons sell
to earn a...
Hunter & Sons sells a single model of meat smoker for use in the home. The...
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value: 20.00 points Hunter & Sons sells a single model of meat smoker for use in...
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Hunter & Sons sells a single model of meat smoker for use in the home. The smokers have the following price and cost characteristics: Sales price Variable costs Fixed costs $ 83 per smoker 35 per smoker 384,000 per month Hunter & Sons is subject to an income tax rate of 40 percent. Required: a. How many smokers must Hunter & Sons sell every month to break even? Break-even sales in units b. How many smokers must Hunter & Sons...
Hunter & Sons sells a single model of meat smoker for use in the home. The smokers have the following price and cost characteristics. Sales price Variable costs Fixed costs $ 77 per smoker 36 per smoker 315,700 per month Hunter & Sons is subject to an income tax rate of 40 percent. Required: a. How many smokers must Hunter & Sons sell every month to break even? b. How many smokers must Hunter & Sons sell to earn a...
Hunter & Sons sells a single model of meat smoker for use in
the home. The smokers have the following price and cost
characteristics.
Sales price
$
84
per smoker
Variable costs
32
per smoker
Fixed costs
395,200
per month
Hunter & Sons is subject to an income tax rate of 40
percent.
Required:
a. How many smokers must Hunter & Sons sell
every month to break even?
b. How many smokers must Hunter & Sons sell
to earn a...
value: 20.00 points Hunter & Sons sells a single model of meat smoker for use in the home. The smokers have the following price and cost characteristics: Sales price Variable costs Fixed costs $ 79 per smoker 32 per smoker 371,300 per month Hunter & Sons is subject to an income tax rate of 40 percent. Required: a. How many smokers must Hunter & Sons sell every month to break even? Break-even sales in units b. How many smokers must...
Franklin Corporation is a manufacturing company that makes small electric motors it sells for $38 per unit. The variable costs of production are $20 per motor, and annual fixed costs of production are $396,000. Required a. How many units of product must Franklin make and sell to break even? b. How many units of product must Franklin make and sell to earn a $72,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
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