Homework Answers
1)in order to obtain a pretax income of 150800 $,the company should sell 60333 units.the calculation as follows
| sale | 19x |
| less:costs | |
| direct material(235400/988000) | 4.53x |
| direct labour(240200/988000) | 4.62x |
| variable factory overhead | 2.9x |
| variable marketing cost | .97x |
| contribution | 5.98x |
| less:total fixed costs | 211200 |
here x is assumed the number of unit sold and finally by solving the equation,the value of we can find as 60333being number of unit to be sold.
2)the break even poit will be $810000 if the new equipment purchase and calculation as follows
| contribution(sale-variable cost)(100-45) | 55 |
| contribution to sale(55/100) | 0.55 |
| fixed cost | 445500 |
| break even poin(fixed cos/contribution/sale)(445500/.55) | 810000 |
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The budgeted Income statement presented below is for Burkett Corporation for the coming fiscal year. Compute...
The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If...
The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation is able to achieve the budgeted level of sales, its margin of safety in dollars would be (Do not round intermediate calculations.): Sales (58,000 units) $986,000 Costs: Direct materials $149,200 Direct labor 240,800 Fixed factory overhead 104,000 Variable factory overhead 150,800 Fixed marketing costs 110,800 Variable marketing costs 50,800 806,400 Pretax income $179,600.
Question 19 2.5 pts The budgeted income statement presented below is for Burkett Corporation for the...
Question 19 2.5 pts The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $130,000 100% $ 1,000,000 Collapse Sales (50,000 units) Costs: Direct materials Direct labor Fixed factory overhead Variable factory overhead Fixed marketing costs Variable marketing costs Pretax income $ 270,000 240,000 100,000 150,000 110,000 50,000 920,000 $ 80,000 53,165 81.250. 36,207. 50,000 58,621 D...
The budgeted income statement presented below is for Griffith Corporation for the coming fiscal year: Sales...
The budgeted income statement presented below is for Griffith Corporation for the coming fiscal year: Sales (50,000 units) $1,000,000 Costs: Direct materials $270,000 Direct labor 240,000 l'ixed factory overhead Variable factory overhead Fixed marketing costs Variable marketing costs 100,000 150,000 110,000 50.000 920,000 $ 80,000 Pretax income If Griffith Corporation's income tax rate is 40%, compute the number of units that must be sold in order to achieve a target pretax income of $130,000. Select one: a. 53,165. b. 81,250....
13 The budgeted income statement presented below is for Griffith Corporation for the coming fiscal year....
13 The budgeted income statement presented below is for Griffith Corporation for the coming fiscal year. If Griffith Corporation is able to achieve the budgeted level of sales, its margin of safety in dollars would be: Sales (50,000 units) $1,000,000 Costs: Direct materials $270,000 Direct labor 240,000 Fixed factory overhead 139,980 Variable factory overhead 150,000 Fixed marketing costs 110,000 Variable marketing costs 50,000 95,980 Pretax income $ 40,020 A. $172,420 B. $138,000 C. $262,500 D. $275,862 E. $862,000.
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to...
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $400,000 and current break-even units are 4,000. If Forrester purchases this new equipment, the revised contribution margin ratio would be: Multiple Choice 30% 60%, 40%. IO%. 70%.
Flannigan Company manufactures and sells a single product that sells for $600 per unit: variable costs...
Flannigan Company manufactures and sells a single product that sells for $600 per unit: variable costs are $324. Annual fixed costs are $984.400. Current sales volume is $4.340,000. Compute the break-even point in units. Multiple Choice Ο Ο 1,641. Ο 3,567. Ο 4,697. Ο Ο 3,038. Ο Ο 528. Forrester Company is considering buying new equipment that would increase monthly fixed costs from $577.500 to $741.000 and would decrease the current variable costs of $75 by $10 per unit. The...
[The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income...
[The following information applies to the questions
displayed below.]
Hudson Co. reports the contribution margin income statement for
2017.
HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2017
Sales (9,900 units at $225 each)
$
2,227,500
Variable costs (9,900 units at $180 each)
1,782,000
Contribution margin
$
445,500
Fixed costs
342,000
Pretax income
$
103,500
2 ! Part 1 of 5 Required information Use the following information for the Exercises below. [The following information applies to the...
Nece 376.000 Chapter 18 Pop Test 2000xl = 275.000 1. A firm expects to sell 25.000...
Nece 376.000 Chapter 18 Pop Test 2000xl = 275.000 1. A firm expects to sell 25.000 units of its product at Sil per unit. Pretax income is predicted to be $60,000. If the variable costs per unit are $5, total fixed costs must be: 5 2. During March, a fimm expects its total sales to be $160,000, its total variable costs to be 595,000, and its total fixed costs to be $25,000. The contribution margin for March is: S 3....
Hudson Co. reports the contribution margin income statement for 2019 below. Using this information, compute Hudson...
Hudson Co. reports the contribution margin income statement for 2019 below. Using this information, compute Hudson Co.'s (1) break-even point in units and (2) break-even point in sales dollars. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed costs Pretax income $2,160,000 1,728,000 432,000 324,000 $ 108,000 Use the amounts shown on the contribution margin income statements below to compute the missing amounts...
In Keegan Corporation's most recent fiscal year, the company reported pretax earnings of $229,000. Fixed costs...
In Keegan Corporation's most recent fiscal year, the company reported pretax earnings of $229,000. Fixed costs totaled $436,800, the unit selling price of the firm's only product was $70, and the variable costs per unit were 40% of the selling price. Based on this information, the firm's break-even point in units was Multiple Choice 17160 units 15 853 units 16.895 400 50 Next > O 2541 7/31/2 5 6. 7 8
Question 19 2.5 pts The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $130,000 100% $ 1,000,000 Collapse Sales (50,000 units) Costs: Direct materials Direct labor Fixed factory overhead Variable factory overhead Fixed marketing costs Variable marketing costs Pretax income $ 270,000 240,000 100,000 150,000 110,000 50,000 920,000 $ 80,000 53,165 81.250. 36,207. 50,000 58,621 D...
The budgeted income statement presented below is for Griffith Corporation for the coming fiscal year: Sales (50,000 units) $1,000,000 Costs: Direct materials $270,000 Direct labor 240,000 l'ixed factory overhead Variable factory overhead Fixed marketing costs Variable marketing costs 100,000 150,000 110,000 50.000 920,000 $ 80,000 Pretax income If Griffith Corporation's income tax rate is 40%, compute the number of units that must be sold in order to achieve a target pretax income of $130,000. Select one: a. 53,165. b. 81,250....
13 The budgeted income statement presented below is for Griffith Corporation for the coming fiscal year. If Griffith Corporation is able to achieve the budgeted level of sales, its margin of safety in dollars would be: Sales (50,000 units) $1,000,000 Costs: Direct materials $270,000 Direct labor 240,000 Fixed factory overhead 139,980 Variable factory overhead 150,000 Fixed marketing costs 110,000 Variable marketing costs 50,000 95,980 Pretax income $ 40,020 A. $172,420 B. $138,000 C. $262,500 D. $275,862 E. $862,000.
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $400,000 and current break-even units are 4,000. If Forrester purchases this new equipment, the revised contribution margin ratio would be: Multiple Choice 30% 60%, 40%. IO%. 70%.
Flannigan Company manufactures and sells a single product that sells for $600 per unit: variable costs are $324. Annual fixed costs are $984.400. Current sales volume is $4.340,000. Compute the break-even point in units. Multiple Choice Ο Ο 1,641. Ο 3,567. Ο 4,697. Ο Ο 3,038. Ο Ο 528. Forrester Company is considering buying new equipment that would increase monthly fixed costs from $577.500 to $741.000 and would decrease the current variable costs of $75 by $10 per unit. The...
[The following information applies to the questions
displayed below.]
Hudson Co. reports the contribution margin income statement for
2017.
HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2017
Sales (9,900 units at $225 each)
$
2,227,500
Variable costs (9,900 units at $180 each)
1,782,000
Contribution margin
$
445,500
Fixed costs
342,000
Pretax income
$
103,500
2 ! Part 1 of 5 Required information Use the following information for the Exercises below. [The following information applies to the...
Nece 376.000 Chapter 18 Pop Test 2000xl = 275.000 1. A firm expects to sell 25.000 units of its product at Sil per unit. Pretax income is predicted to be $60,000. If the variable costs per unit are $5, total fixed costs must be: 5 2. During March, a fimm expects its total sales to be $160,000, its total variable costs to be 595,000, and its total fixed costs to be $25,000. The contribution margin for March is: S 3....
Hudson Co. reports the contribution margin income statement for 2019 below. Using this information, compute Hudson Co.'s (1) break-even point in units and (2) break-even point in sales dollars. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed costs Pretax income $2,160,000 1,728,000 432,000 324,000 $ 108,000 Use the amounts shown on the contribution margin income statements below to compute the missing amounts...
In Keegan Corporation's most recent fiscal year, the company reported pretax earnings of $229,000. Fixed costs totaled $436,800, the unit selling price of the firm's only product was $70, and the variable costs per unit were 40% of the selling price. Based on this information, the firm's break-even point in units was Multiple Choice 17160 units 15 853 units 16.895 400 50 Next > O 2541 7/31/2 5 6. 7 8
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