Contribution Margin per unit = Selling Price - Variable cost per
unit
= $153-103 = $50 per unit
Units sold in 2020 = (Fixed Expenses + Net Operating Income) /
Contribution Margin per unit
= ($420000+205000)/50 = 12500 units
Question 9 Johansen Company had $205,000 of operating income in 2020, when the selling price per...
Johansen Company had $210,000 of operating income in 2020 when the selling price per unit was $169, the variable costs per unit were $119, and the fixed costs were $415,000. Management expects per-unit data and total fixed costs to remain the same in 2021. The president of Johansen Company is under pressure from shareholders to increase operating income by $65,000 in 2021. a. Calculate the number of units sold in 2020. b. Calculate the number of units that would have...
Question 12 Ivanhoe Company had $164,500 of net income in 2019 when the selling price per unit was $153, the variable costs per unit were $93, and the fixed costs were $573,500. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Ivanhoe Company is under pressure from stockholders to increase net income by $36,900 in 2020. (a) Compute the number of units sold in 2019. units Click if you would like...
Sandhill Company had $267,000 of net income in 2019 when the selling price per unit was $153, the variable costs per unit were $95, and the fixed costs were $574,000. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Sandhill Company is under pressure from stockholders to increase net income by $87,000 in 2020. Compute the number of units sold in 2019. units LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR...
Oriole Company had $234,200 of net income in 2019 when the selling price per unit was $151, the variable costs per unit were $91, and the fixed costs were $575,800. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Oriole Company is under pressure from stockholders to increase net income by $67,500 in 2020. (a) Compute the number of units sold in 2019. b) compute the number of units that would...
Question Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $90, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $39,000 in 2020, Compute the number of units sold in 2019. Compute the number of units that would have...
Bramble Company had $155,200 of net income in 2016 when the selling price per unit was $154, the variable costs per unit were $94, and the fixed costs were $571,900. Management expects per unit data and total fixed costs to remain the same in 2017. The president of Bramble Company is under pressure from stockholders to increase net income by $62,800 in 2017. Collapse question part (a) Compute the number of units sold in 2016. (Round answer to 0 decimal...
Martinez Company had $152,000 of net income in 2016 when the selling price per unit was $154, the variable costs per unit were $94, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2017. The president of Martinez Company is under pressure from stockholders to increase net income by $64,100 in 2017. Compute the number of units sold in 2016. (Round answer to O decimal places, e.g. 1,225.) T...
Martinez Company had $152,000 of net income in 2016 when the selling price per unit was $154, the variable costs per unit were $94, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2017. The president of Martinez Company is under pressure from stockholders to increase net income by $64,100 in 2017. (a) We were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to...
Problems Problem 1 - 20 points Holder Manufacturing had $125.000 of net income in 2012 when the selling price per unit was $100, the variable costs per unit were $70, and the fixed costs were $475,000. Management expects per unit data and total fixed costs to remain the same in 2013. The president of Holder Manufacturing is under pressure from stockholders to increase net income by $60,000 in 2013. Instructions (a) Compute the number of units sold in 2012 (b)...
The East Company is operating at full capacity and sold 100,000 units at a price of $80 per unit during 2020. Its gross margin (profit) income statement for 2020 is as follows: Sales $8,000,000 Cost of goods sold 4,000,000 Gross profit 4,000,000 Operating expenses: Selling expenses $2,500,000 Administrative expenses 500,000 Total operating expenses 3,000,000 Operating income $1,000,000 The proportion of the above costs between fixed and variable is as follows: Fixed Variable Cost of goods sold $4,000,000 35% 65% Selling...