Homework Answers
Answer D
Contribution = Sale Price - Variable cost
Net income= Contribution- Fixed cost - Tax
Units required to achieve target income= Fixed cost + Desired income/Contribution per unit
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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...
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
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
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: S 100 S 40 $12,000 40% Total fixed costs: ax rate on operating income: CPA Adapted] Theta Company sells product A at a selling price of S40 per unit. Theta's cost per unit based on the full capacity of 500,000 units is as follows: S 6 Direct materials Direct labour Indirect manufacturing (60% of which is fixed) 10 S19 A one-time-only...
The following information exists for ABC Company: Selling price per unit: $30 Variable expenses per...
The following information exists for ABC Company: Selling price per unit: $30 Variable expenses per unit: $21 Fixed expenses for the period: $60,000 Sales volume in units: 10,000 1. If advertising of $15,000 is spent to increase sales volume by 2,000 units, operating income will increase by ?? 2. Based on the information given above, ABC Company's contribution margin ratio will be ?? ------------------------------------------------------------------------------------------ The following information exists for ABC Company: Selling price per unit = $60 Variable expenses...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.75 per pan. The variable cost per pan is as follows: Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.75 per pan. The variable cost per pan is as follows: Direct materials...
If the selling price per unit is $71, variable expenses per unit are $49, target operating...
If the selling price per unit is $71, variable expenses per unit are $49, target operating income is $36,000, and total fixed expenses are $24,000, how many units must be sold to reach the target operating income? (Round the final answer up to the nearest unit.) OA SOS OB 1,637 Oc1091 OD. 2,728
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $3.00 per pan. The variable cost per pan is as follows: Direct materials $0.31 Direct labor Variable factory overhead 0.55 0.70 0.17 Variable selling expense Fixed manufacturing cost totals $250,789 per year. Administrative cost (all fixed) totals $34,199. Required: 1. Compute the number of pans that must be sold for Werner to...
Lola Inc. produces a product with the following revenue and cost structure Selling price Variable cost...
Lola Inc. produces a product with the following revenue and cost structure Selling price Variable cost per unit Fixed costs S86.13 40.11 800,000 Budgeted production and sales for the year ending December 31, 20x9 is 24337 units The actual results at the end of the year, December 31, 20x9, are given below Actual selling price Variable cost per unit Fixed costs Actual volume $80.46 23.41 850,000 29598 What is Lola's sales price variance for the year 20x9? Note: a negative...
Following is the information of a product of a firm: Selling price per unit =...
Following is the information of a product of a firm: Selling price per unit = $60; Variable expenses per unit = $25; Breakeven point volume is 2,000 units Fixed expenses per month = ? ------------ The following information exists for a firm: Selling price per unit = $50 Contribution margin ratio = 30% Fixed expenses per month = $30,000 Desired operating income = $18,000 The total revenues necessary to earn the desired operating income is =...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.55 per pan. The variable cost per pan is as follows: Direct materials $0.26 Direct labor 0.53 Variable factory overhead 0.64 Variable selling expense 0.18 Fixed manufacturing cost totals $161,635 per year. Administrative cost (all fixed) totals $22,041. Required: 1. Compute the number of pans that must be sold for Werner to...
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
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
Questions 8-10 are based on the following revenue and cost structure: Selling price per unit: Variable cost per unit: S 100 S 40 $12,000 40% Total fixed costs: ax rate on operating income: CPA Adapted] Theta Company sells product A at a selling price of S40 per unit. Theta's cost per unit based on the full capacity of 500,000 units is as follows: S 6 Direct materials Direct labour Indirect manufacturing (60% of which is fixed) 10 S19 A one-time-only...
If the selling price per unit is $71, variable expenses per unit are $49, target operating income is $36,000, and total fixed expenses are $24,000, how many units must be sold to reach the target operating income? (Round the final answer up to the nearest unit.) OA SOS OB 1,637 Oc1091 OD. 2,728
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $3.00 per pan. The variable cost per pan is as follows: Direct materials $0.31 Direct labor Variable factory overhead 0.55 0.70 0.17 Variable selling expense Fixed manufacturing cost totals $250,789 per year. Administrative cost (all fixed) totals $34,199. Required: 1. Compute the number of pans that must be sold for Werner to...
Lola Inc. produces a product with the following revenue and cost structure Selling price Variable cost per unit Fixed costs S86.13 40.11 800,000 Budgeted production and sales for the year ending December 31, 20x9 is 24337 units The actual results at the end of the year, December 31, 20x9, are given below Actual selling price Variable cost per unit Fixed costs Actual volume $80.46 23.41 850,000 29598 What is Lola's sales price variance for the year 20x9? Note: a negative...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.55 per pan. The variable cost per pan is as follows: Direct materials $0.26 Direct labor 0.53 Variable factory overhead 0.64 Variable selling expense 0.18 Fixed manufacturing cost totals $161,635 per year. Administrative cost (all fixed) totals $22,041. Required: 1. Compute the number of pans that must be sold for Werner to...
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