DSL Co. plans to sell 200,000 special soccer balls with fixed costs of $400,000 and variable...
DSL Co. plans to sell 200,000 special soccer balls with fixed costs of $400,000 and variable expenses at 60% of sales. To have a net income of $100,000 DSL Co. management must set the sales price at what amount?
Homework Answers
Add Answer to:
DSL Co. plans to sell 200,000 special soccer balls with fixed
costs of $400,000 and variable...
QUESTION 5 Stone Company plans to sell 200,000 calculators. The fixed costs are $600,000, and the...
QUESTION 5 Stone Company plans to sell 200,000 calculators. The fixed costs are $600,000, and the variable costs are 60% of the selling price. If the company wants to realize a profit of $120,000, the selling price of each calculator must be: $5.00 $7.50 $9.00 $10.00 QUESTION 6 Brower Company manufacturers and sells one product for $100 per unit. The variable costs per unit are $70, and the monthly total fixed costs are $3,750. Last month Brower sold 100 units...
James & Co., which has excess capacity, received a special order for 4,000 units at a...
James & Co., which has excess capacity, received a special
order for 4,000 units at a price of $18 per unit. Currently,
production and sales are budgeted for 25,000 units without
considering the special order.
Budget information for the current year is presented below:
Sales
$
900,000
Less: Cost of goods
sold 600,000
Gross margin
$ 300,000
Less: Operating
expenses 200,000
Net income
...
James & Co., which has excess capacity, received a special order for 4,000 units at a...
James & Co., which has excess capacity, received a special
order for 4,000 units at a price of $18 per unit. Currently,
production and sales are budgeted for 25,000 units without
considering the special order.
Budget information for the current year is presented below:
Sales
$
900,000
Less: Cost of goods
sold 600,000
Gross margin
$ 300,000
Less: Operating
expenses 200,000
Net income
...
James & Co., which has excess capacity, received a special order for 4,000 units at a...
James & Co., which has excess capacity, received a special
order for 4,000 units at a price of $18 per unit. Currently,
production and sales are budgeted for 25,000 units without
considering the special order.
Budget information for the current year is presented below:
Sales
$
900,000
Less: Cost of goods
sold 600,000
Gross margin
$ 300,000
Less: Operating
expenses 200,000
Net income
...
James & Co., which has excess capacity, received a special order for 4,000 units at a...
James & Co., which has excess capacity, received a special order for 4,000 units at a price of $18 per unit. Currently, production and sales are budgeted for 25,000 units without considering the special order. Budget information for the current year is presented below: Sales $ 900,000 Less: Cost of goods sold 600,000 Gross margin $ 300,000 Less: Operating expenses 200,000 Net income $ 100,000 James & Co. estimates that 70% of Cost of goods sold is variable manufacturing costs...
The Tessmer Company has fixed costs of $400,000 and variable costs are 75% of the selling...
The Tessmer Company has fixed costs of $400,000 and variable costs are 75% of the selling price. To realize profits of $100,000 from sales of 500,000 units, the selling price per unit: Must be $1.33 Must be $4.00 Must be $1.00 Is indeterminable
Exercise 6 Golf Co made 3,000 novelty golf balls last year. The balls normally sell for...
Exercise 6 Golf Co made 3,000 novelty golf balls last year. The balls normally sell for $7 each. The costs per ball were as follows: Direct materials $1.00 Direct labor $0.50 Overhead $4.00 Selling expenses $0.50 Total cost per ball $6.00 This year an overseas company approached Golf Co and asked them to sell an 900 golf balls at $6 each. The sale isn't expected to affect current sales. Most of Golf Co's overhead is fixed, but variable overhead costs...
Exercise 18-15 Computing variable and fixed costs LO C2 Harrison Co. expects to sell 260,000 units...
Exercise 18-15 Computing variable and fixed costs LO C2 Harrison Co. expects to sell 260,000 units of its product next year, which would generate total sales of $23,660,000. Management predicts that pretax net income for next year will be $1,310,000 and that the contribution margin per unit will be $19. Complete the below table to calculate the next year's total expected variable costs and fixed costs. HARRISON CO. Forecasted Contribution Margin Income Statement Units $ per unit 260,000 Contribution margin...
The following is XYZ’s contribution format income statement for last month: Sales $600,000 Variable expenses 400,000...
The following is XYZ’s contribution format income statement for last month: Sales $600,000 Variable expenses 400,000 Contribution margin 200,000 Fixed expenses 100,000 Net operating income $100,000 The company has no beginning or ending inventories and produced and sold 10,000 units during the month. 1 What is the company's contribution margin ratio? 2 What is the company's contribution margin? 3 What is the company's break-even in units? 4 If sales increase by 200 units, by how much should net operating income...
Farrow Co. expects to sell 400,000 units of its product in the next period with the...
Farrow Co. expects to sell 400,000 units of its product in the next period with the following results Sales (400,000 units) Costs and expenses $6,000,000 Direct materials Direct labor Overhead Selling expenses Administrative expenses 800,000 1,600,000 400,000 600,000 1,028,000 4,428,000 $1,572,000 Total costs and expenses Net income The company has an opportunity to sell 40,000 additional units at $12 per unit. The additional sales would not affect its current expected sales. Direct materials and labor costs per unit would be...
James & Co., which has excess capacity, received a special
order for 4,000 units at a price of $18 per unit. Currently,
production and sales are budgeted for 25,000 units without
considering the special order.
Budget information for the current year is presented below:
Sales
$
900,000
Less: Cost of goods
sold 600,000
Gross margin
$ 300,000
Less: Operating
expenses 200,000
Net income
...
James & Co., which has excess capacity, received a special
order for 4,000 units at a price of $18 per unit. Currently,
production and sales are budgeted for 25,000 units without
considering the special order.
Budget information for the current year is presented below:
Sales
$
900,000
Less: Cost of goods
sold 600,000
Gross margin
$ 300,000
Less: Operating
expenses 200,000
Net income
...
James & Co., which has excess capacity, received a special
order for 4,000 units at a price of $18 per unit. Currently,
production and sales are budgeted for 25,000 units without
considering the special order.
Budget information for the current year is presented below:
Sales
$
900,000
Less: Cost of goods
sold 600,000
Gross margin
$ 300,000
Less: Operating
expenses 200,000
Net income
...
Exercise 6 Golf Co made 3,000 novelty golf balls last year. The balls normally sell for $7 each. The costs per ball were as follows: Direct materials $1.00 Direct labor $0.50 Overhead $4.00 Selling expenses $0.50 Total cost per ball $6.00 This year an overseas company approached Golf Co and asked them to sell an 900 golf balls at $6 each. The sale isn't expected to affect current sales. Most of Golf Co's overhead is fixed, but variable overhead costs...
Exercise 18-15 Computing variable and fixed costs LO C2 Harrison Co. expects to sell 260,000 units of its product next year, which would generate total sales of $23,660,000. Management predicts that pretax net income for next year will be $1,310,000 and that the contribution margin per unit will be $19. Complete the below table to calculate the next year's total expected variable costs and fixed costs. HARRISON CO. Forecasted Contribution Margin Income Statement Units $ per unit 260,000 Contribution margin...
Farrow Co. expects to sell 400,000 units of its product in the next period with the following results Sales (400,000 units) Costs and expenses $6,000,000 Direct materials Direct labor Overhead Selling expenses Administrative expenses 800,000 1,600,000 400,000 600,000 1,028,000 4,428,000 $1,572,000 Total costs and expenses Net income The company has an opportunity to sell 40,000 additional units at $12 per unit. The additional sales would not affect its current expected sales. Direct materials and labor costs per unit would be...
Most questions answered within 3 hours.
-
Ask Your Teacher A toy gun uses a spring to project a 5.6-g soft
rubber sphere...
asked 7 minutes ago -
Consider a labor market in which LD = 400 – 4W and LS = 250 +...
asked 11 minutes ago -
*****DO NOT ANSWER THIS QUESTION IF YOU DON'T
KNOW*******
Question - PERSONAL DEVELOPMENT ESSAY and Detailed...
asked 14 minutes ago -
A certain rifle bullet has a mass of 5.25 g. Calculate the de
Broglie wavelength of...
asked 39 minutes ago -
Research new software products that assist in project
communication management. Write a paper summarizing your findings,...
asked 37 minutes ago -
the figure below to the left shows a beaker completely filled
with water. then a block...
asked 35 minutes ago -
what is the duistribution channels of HUL in india and how they
distribute?
how is this...
asked 42 minutes ago -
Batteries play an important role in our everyday lives. From
making many devices mobile, to allowing...
asked 54 minutes ago -
It is possible to iterate through an array quickly and easily
using a loop?
asked 1 hour ago -
Determine the pHpH of an HFHF solution of each of the following
concentrations. The KAKA value...
asked 57 minutes ago -
Two point charges of 7.0mL are initially 11.5m apart. What is
the change in potential energy...
asked 59 minutes ago -
Please write as a short answer
You have heartburn and a two hour working session on...
asked 1 hour ago