Payne CO. sells shoes which are made in the USA, Current data for the last month...
Payne CO. sells shoes which are made in the USA, Current data for the last month was as follows:
Average Selling Price: $50
Variable Cost: $20
Monthly Fixed Costs: $85,000
Units Sold: 4,000
Payne has a target net income of: $50,000
What is the:
Cost per unit:
Net Income:
Break even in Units:
Units for Net Income of $50,000
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Payne CO. sells shoes which are made in the USA, Current data
for the last month...
Read each question carefully! Make sure that you answered each part of all of the questions....
Read each question carefully! Make sure that you answered each part of all of the questions. Write your answers on the exam and attach any schedules or spreadsheets where necessary. Good Luck! Problem #1: CVP Basics Payne Co. sells shoes which are made in the USA. Current data for the last month was as follows: Average Selling Price $100 Variable Cost Per Unit $60 Monthly Fixed Costs. $90,000 Units Sold 4,000 Payne has a target net income of $50,000 Payne...
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Ahmed & Co. makes and sells two types of shoes, Plain and Fancy. Data concerning these products are as follows:...
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Read each question carefully! Make sure that you answered each part of all of the questions. Write your answers on the exam and attach any schedules or spreadsheets where necessary. Good Luck! Problem #1: CVP Basics Payne Co. sells shoes which are made in the USA. Current data for the last month was as follows: Average Selling Price $100 Variable Cost Per Unit $60 Monthly Fixed Costs. $90,000 Units Sold 4,000 Payne has a target net income of $50,000 Payne...
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Ahmed & Co. makes and sells two types of shoes, Plain and Fancy. Data concerning these products are as follows: Unit selling price Variable cost per unit Plain $ 20.00 12.00 Fancy $35.00 24.50 Sixty percent of the unit sales are Plain, and annual fixed expenses are $45,000. Assuming that the sales mix remains constant, the number of units of Plain that Ahmed must sell to break even is: Multiple Choice 2,000 3,000.
Ahmed & Co. makes and sells two types of shoes, Plain and Fancy. Data concerning these products are as follows: Unit selling price Variable cost per unit Plain $25.00 15.00 Fancy $34.00 26.50 Sixty percent of the unit sales are plain, and annual fixed expenses are $45,000. Assuming that the sales mix remains constant, the number of units of Plain that Ahmed must sell to break even is: (Round intermediate calculations to 2 decimal places and final answer to nearest...
Ahmed & Co. makes and sells two types of shoes, Plain and Fancy. Data concerning these products are as follows: Unit selling price Variable cost per unit Plain $ 25.00 15.00 Fancy $34.00 26.50 Sixty percent of the unit sales are plain, and annual fixed expenses are $45,000. Assuming that the sales mix remains constant, the number of units of Plain that Ahmed must sell to break even is: (Round intermediate calculations to 2 decimal places and final answer to...
2.(10 points) Perkins Company produces and sells a single product. The company's income statement for the most recent month is given below: $435,000 Less variable costs: S60,000 Direct labor (variable).. 75,000 45,000 30,000210,000 Variable selling and other expenses.... 225,000 Less fixed expenses: Fixed factory overhead.. Fixed selling and other expenses........ 85,000 185,000 100,000 $40,000 There are no beginning or ending inventories Required a. b. Compute the company's break-even point in units and sales dollars What would the company's monthly net...
CVP analysis—what-if questions; sales mix issue Ozark Metal Co. makes a single product that sells for $42 per unit. Variable costs are $27.30 per unit, and fixed costs total $65,415 per month. Required: a. Calculate the number of units that must be sold each month for the firm to break even. b. Assume current sales are $220,000. Calculate the margin of safety and the margin of safety ratio. c. Calculate operating income if 5,000 units are sold in a month....
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