Homework Answers
The number of procedure needed is computed as shown below:
= ( Total fixed cost + Required after tax profit ) / ( Revenue per procedure - variable cost per procedure)
= ( $ 15,727 + $ 51,853) / ( $ 56 - $ 47)
= 7,508.89 Approximately
Feel free to ask in case of any query relating to this question
Add Answer to:
Given the following data, calculate the number of procedures needed to achieve the stated after tax...
After-Tax Profit Targets Olivian Company wants to earn $360,000 in net (after-tax) income next year. Its product is pri...
After-Tax Profit Targets Olivian Company wants to earn $360,000 in net (after-tax) income next year. Its product is priced at $350 per unit. Product costs include: $105.00 Direct materials Direct labor Variable overhead Total fixed factory overhead $77.00 $17.50 $400,000 Variable selling expense is $14 per unit; fixed selling and administrative expense totals $250,000. Olivian has a tax rate of 40 percent. Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of $360,000. $ 600,000 2. Calculate...
After-Tax Profit Targets Olivian Company wants to earn $540,000 in net (after-tax) income next year. Its...
After-Tax Profit Targets Olivian Company wants to earn $540,000 in net (after-tax) income next year. Its product is priced at $350 per unit. Product costs include: Direct materials $105.00 Direct labor $77.00 Variable overhead $17.50 Total fixed factory overhead $420,000 Variable selling expense is $14 per unit; fixed selling and administrative expense totals $270,000. Olivian has a tax rate of 40 percent. Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of $540,000. $ 2. Calculate the...
Cornerstone Exercise 16.4 (Algorithmic) After-Tax Profit Targets Olivian Company wants to earn $360,000 in net (after-tax)...
Cornerstone Exercise 16.4 (Algorithmic)
After-Tax Profit Targets
Olivian Company wants to earn $360,000 in net (after-tax) income
next year. Its product is priced at $400 per unit. Product costs
include:
Direct materials
$120.00
Direct labor
$88.00
Variable overhead
$20.00
Total fixed factory overhead
$440,000
Variable selling expense is $16 per unit; fixed selling and
administrative expense totals $290,000. Olivian has a tax rate of
40 percent.
Required:
1. Calculate the before-tax profit needed to
achieve an after-tax target of $360,000....
Howe Hinges Co. manufactures and sells a single product. This product has the following operational data:...
Howe Hinges Co. manufactures and sells a single product. This product has the following operational data: Unit sales price $30, Variable manufacturing cost per unit $17, Fixed manufacturing cost $72000, Variable selling cost per unit $1, Fixed Selling cost $27000, and tax rate 40%. What amount of total revenue would be needed to meet an after-tax target profit of $48,000?
Please open this spreadsheet and compute: (1) The number of units needed to be sold in...
Please open this spreadsheet and compute: (1) The number of
units needed to be sold in order to attain $100,000 in net income.
(2) The number of units needed to be sold in order to break even.
Please submit your response as a spreadsheet. If possible, please
leave any formulas intact so that I can review them.
Show work on excel spreadsheet.
F G H I 2 Acme Medical Supply desires a target operating income amount of $100,000 with the...
From the data provided herein calculate the break-even point and turnover (sales revenue) required to earn...
From the data provided herein calculate the break-even point and turnover (sales revenue) required to earn a profit of sh.36,000 after tax. Tax is at the rate of 40% of net income before taxes. Sh. Fixed cost 180,000 Variable cost per unit 2 Selling price 20 b. if the company earns a profit of sh.36,000 express the margin of safety available to company.
The following data is for the Rose Company, a manufacturer of cat beds: After-tax income $...
The following data is for the Rose Company, a manufacturer of cat beds: After-tax income $ 109561 Selling price per unit $ 3.98 Variable cost per unit $ 1.61 Total fixed costs $ 120644 If Rose sold 304893 units, what is the income tax rate? Select one: a. 90.81% b. 18.20% c. 15.16% d. 81.80%
llar sales and number of he has calculated the e. If you were the general manager...
llar sales and number of he has calculated the e. If you were the general manager at the Urlau propu 6. Lynn Hoffman is the owner of the Sky View restaurant. She is interested in determining dollar sales and guests needed to breakeven and to generate her desired profits. From her financial records, she has cale following information: Check average (selling price) Variable cost per unit (guest) Annual fixed costs $16.50 $5.60 $180,000 a. Complete the following grid, and determine...
2. Northeast Medical Group, a family practice, has the following financial data and operational metrics: Number...
2. Northeast Medical Group, a family practice, has the following financial data and operational metrics: Number of physicians Total revenue Total operating costs Total procedures per physician Patients per physician Visits per physician 2,748,360 1,557,615 12,353 1,941 5,333 a. What is the group's revenue per physician? b. What is the group's operating cost per physician? c. What is the group's total operating profit? d. Using your answer in letter C, what is the group's profit per physician? In letter c,...
Calculate Break Even when a given profit is required DATA Fixed Costs Fixed Factory Overhead =...
Calculate Break Even when a given profit is required DATA Fixed Costs Fixed Factory Overhead = $63,000 Fixed Selling overhead = $10,000 Variable Costs Variable Manufacturing costs = $30 Variable selling cost per unit = $5 Cost Per Unit = $100 Profit of $12,000 is required Calculate the CM Calculate the CM % Calculate Break Even Point
After-Tax Profit Targets Olivian Company wants to earn $360,000 in net (after-tax) income next year. Its product is priced at $350 per unit. Product costs include: $105.00 Direct materials Direct labor Variable overhead Total fixed factory overhead $77.00 $17.50 $400,000 Variable selling expense is $14 per unit; fixed selling and administrative expense totals $250,000. Olivian has a tax rate of 40 percent. Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of $360,000. $ 600,000 2. Calculate...
Cornerstone Exercise 16.4 (Algorithmic)
After-Tax Profit Targets
Olivian Company wants to earn $360,000 in net (after-tax) income
next year. Its product is priced at $400 per unit. Product costs
include:
Direct materials
$120.00
Direct labor
$88.00
Variable overhead
$20.00
Total fixed factory overhead
$440,000
Variable selling expense is $16 per unit; fixed selling and
administrative expense totals $290,000. Olivian has a tax rate of
40 percent.
Required:
1. Calculate the before-tax profit needed to
achieve an after-tax target of $360,000....
Please open this spreadsheet and compute: (1) The number of
units needed to be sold in order to attain $100,000 in net income.
(2) The number of units needed to be sold in order to break even.
Please submit your response as a spreadsheet. If possible, please
leave any formulas intact so that I can review them.
Show work on excel spreadsheet.
F G H I 2 Acme Medical Supply desires a target operating income amount of $100,000 with the...
llar sales and number of he has calculated the e. If you were the general manager at the Urlau propu 6. Lynn Hoffman is the owner of the Sky View restaurant. She is interested in determining dollar sales and guests needed to breakeven and to generate her desired profits. From her financial records, she has cale following information: Check average (selling price) Variable cost per unit (guest) Annual fixed costs $16.50 $5.60 $180,000 a. Complete the following grid, and determine...
2. Northeast Medical Group, a family practice, has the following financial data and operational metrics: Number of physicians Total revenue Total operating costs Total procedures per physician Patients per physician Visits per physician 2,748,360 1,557,615 12,353 1,941 5,333 a. What is the group's revenue per physician? b. What is the group's operating cost per physician? c. What is the group's total operating profit? d. Using your answer in letter C, what is the group's profit per physician? In letter c,...
Most questions answered within 3 hours.
-
a
dairy farmer notices that a citcular water trough near the barn has
become rusty with...
asked 2 minutes ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 283 accurate...
asked 3 minutes ago -
A share of common stock has just paid a dividend of $2.50. If
the expected long-run...
asked 13 minutes ago -
1. List all actors whose last names start
with letter "K"? The output needs to include the actor's...
asked 15 minutes ago -
1.The New England Merchants Bank Building in Boston is 152 m
high. On windy days it...
asked 19 minutes ago -
Can someone explain this code with comments I am supposed to dispay an array an add...
asked 33 minutes ago -
MKT2283 Sales Management Week 2 Assignment
Making Sales Management Decisions – Pronto Retail
Centers
Sales Management,...
asked 40 minutes ago -
Uranium is distributed in a form called yellow cake, which is
made from uranium ore. In...
asked 51 minutes ago -
Python:
Write a func that will create a list of random numbers. The
function will take...
asked 54 minutes ago -
Which of the following statements below is correct? There might
be more than one correct answer....
asked 57 minutes ago -
You find that the annual standard deviation of a stock's returns
is equal to 35%. For...
asked 1 hour ago -
A 2,000 kg car is traveling at 20.0 m/s down a long mountain
grade of 1.00%....
asked 1 hour ago