I need help with my assignment please..
1.
Product T
Contribution Margin Ratio = Contribution Margin / Sales x 100
= $236250 / 787500 = 30%
Break Even Point in Dollars = Fixed Costs / Contribution Margin
ratio
= $111250 / 30% = $370834
Product O
Contribution Margin Ratio = Contribution Margin / Sales x 100
= $708750 / 787500 = 90%
Break Even Point in Dollars = Fixed Costs / Contribution Margin
ratio
= $583750 / 90% = $648612
2.
Product T | Product O | Total | ||||
Units | $ per unit | Total | $ per unit | Total | ||
Sales Revenue | 28000 | $ 17.50 | $ 490,000 | $ 17.50 | $ 490,000 | $ 980,000 |
Variable Costs | 28000 | $ 12.25 | $ 343,000 | $ 1.75 | $ 49,000 | $ 392,000 |
Contribution margin | 28000 | $ 5.25 | $ 147,000 | $ 15.75 | $ 441,000 | $ 588,000 |
Fixed costs | $ 111,250 | $ 583,750 | $ 695,000 | |||
Income before taxes | $ 35,750 | $ -142,750 | $ -107,000 | |||
Income taxes | $ 14,300 | $ -57,100 | $ -42,800 | |||
Net Income | $ 21,450 | $ -85,650 | $ -64,200 |
3.
Product T | Product O | Total | ||||
Units | $ per unit | Total | $ per unit | Total | ||
Sales Revenue | 59000 | $ 17.50 | $ 1,032,500 | $ 17.50 | $ 1,032,500 | $ 2,065,000 |
Variable Costs | 59000 | $ 12.25 | $ 722,750 | $ 1.75 | $ 103,250 | $ 826,000 |
Contribution margin | 59000 | $ 5.25 | $ 309,750 | $ 15.75 | $ 929,250 | $ 1,239,000 |
Fixed costs | $ 111,250 | $ 583,750 | $ 695,000 | |||
Income before taxes | $ 198,500 | $ 345,500 | $ 544,000 | |||
Income taxes | $ 79,400 | $ 138,200 | $ 217,600 | |||
Net Income | $ 119,100 | $ 207,300 | $ 326,400 |
I need help with my assignment please.. Henna Co. produces and sells two products, T and...
Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 51,000 units of each product. Sales and costs for each product follow. Product T Product O Sales $ 821,100 $ 821,100 Variable costs 492,660 82,110 Contribution margin 328,440 738,990 Fixed costs 187,440 597,990 Income before taxes 141,000 141,000 Income taxes (32% rate) 42,300 42,300 Net income $...
Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 59,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (30% rate) Net income Product T $ 997, 109 697,970 299, 130 150, 130 149,000 44,700 $ 104,300 Product O $ 997,100 99,710...
Required information (The following information applies to the questions displayed below.) Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 56,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (35% rate) Net income Product T $ 929,600 650, 720 278,880 132,880...
Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 42,000 units of each product. Sales and costs for each product follow. Product T Product O Sales $ 747,600 $ 747,600 Variable costs 523,320 149,520 Contribution margin 224,280 598,080 Fixed costs 108,280 482,080 Income before taxes 116,000 116,000 Income taxes (35% rate) 40,600 40,600 Net income $...
Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 48,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net income Product T $ 825,600 577,920 247,680 113,680 134,000 42,880 $ 91,120 Product O $825,600 165,120 660,480 526,480 134,000 42,880...
Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 51,000 units of each product. Sales and costs for each product follow. Product T Product O Sales $ 821,100 $ 821,100 Variable costs 492,660 82,110 Contribution margin 328,440 738,990 Fixed costs 187,440 597,990 Income before taxes 141,000 141,000 Income taxes (32% rate) 42,300 42,300 Net income $...
HI, please answer this 3 part question. Required information [The following information applies to the questions displayed below.) Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 59,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (30% rate) Net income Product...
Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 51,000 units of each product. Sales and costs for each product follow. Product T Product O Sales $ 821,100 $ 821,100 Variable costs 492,660 82,110 Contribution margin 328,440 738,990 Fixed costs 187,440 597,990 Income before taxes 141,000 141,000 Income taxes (32% rate) 42,300 42,300 Net income $...
Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 59,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (30% rate) Net income Product T $ 997, 100 697,970 299, 130 150,130 149,000 44,700 $ 104,300 Product O $ 997,100 99,710 897,390...
Required information The following information applies to the questions displayed below.) Henna Co. produces and sells two products. T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 50,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net income Product T $2,000,000 1,600,000 400,000 125,000 275,000 88,000...