Dannica Corporation produces products that it sells for $40 each. Variable costs per unit are $25,...
Dannica Corporation produces products that it sells for $40 each. Variable costs per unit are $25, and annual fixed costs are $360,000. Dannica desires to earn an after-tax (post-tax) profit of $150,000 for the year. The expected income tax rate is 20%.
Determine the sales volume in units required to earn the desired after-tax profit.
Multiple Choice
-
None of the choices presented are within 100 units of the correct answer.
-
28,922 Units
-
34,000 Units
-
36,500 Units
-
30,180 Units
Homework Answers
Answer ) 36500 Units
Calculation:-
| Particular | Amount |
Sales Revenue (36500*$40) $1460000
(less) Variable cost (36500*25) ($912500)
Contribution $547500
(less) Fixed Cost ($360000)
Net Profit Before Tax $187500
(less) Tax (187500*20%) ($37500)
Net Profit $150000
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Dannica Corporation produces products that it sells for $40
each. Variable costs per unit are $25,...
Dannica Corporation produces products that it sells for $40 each. Variable costs per unit are $25,...
Dannica Corporation produces products that it sells for $40 each. Variable costs per unit are $25, and annual fixed costs are $360,000. Dannica desires to earn an after-tax (post-tax) profit of $150,000 for the year. The expected income tax rate is 20%. Required: Determine the sales volume in units required to earn the desired after-tax profit. Multiple Choice 30,180 Units 28,922 Units 34,000 Units NR NA The marketing manager of Benson Corporation has determined that a market exists for a...
Finch Corporation produces products that it sells for $21 each. Variable costs per unit are $4,...
Finch Corporation produces products that it sells for $21 each. Variable costs per unit are $4, and annual fixed costs are $341,700. Finch desires to earn a profit of $79,900. Required Use the equation method to determine the break-even point in units and dollars. Determine the sales volume in units and dollars required to earn the desired profit.
Franklin Corporation produces products that it sells for $18 each. Variable costs per unit are $6,...
Franklin Corporation produces products that it sells for $18 each. Variable costs per unit are $6, and annual fixed costs are $241,200. Franklin desires to earn a profit of $58,800. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. a Break-even point in units Break-even point in dollars b. Sales volume in units Sales in dollars
Baird Corporation produces products that it sells for $21 each. Variable costs per unit are $6,...
Baird Corporation produces products that it sells for $21 each. Variable costs per unit are $6, and annual fixed costs are $303,000. Baird desires to earn a profit of $49,500. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit." a Break-even point in units Break-even point in dollars b. Sales volume in units Sales in dollars
Vernon Corporation produces products that it sells for $19 each. Variable costs per unit are $9,...
Vernon Corporation produces products that it sells for $19 each. Variable costs per unit are $9, and annual fixed costs are $206,000. Vernon desires to earn a profit of $41,000. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. Answer is complete but not entirely correct. a. Break-even point in units Break-even point in dollars Sales volume in units...
Q.1 Rooney Corporation produces products that it sells for $18 each. Variable costs per unit are...
Q.1
Rooney Corporation produces products that it sells for $18 each.
Variable costs per unit are $9, and annual fixed costs are
$189,900. Rooney desires to earn a profit of $33,300.
Required
Use the equation method to determine the break-even point in
units and dollars.
Determine the sales volume in units and dollars required to earn
the desired profit.
a. Break-even point in units Break-even point in dollars b. Sales volume in units Sales in dollars
Exercise 3-1A Equation method LO 3-1 Campbell Corporation produces products that it sells for $18 each....
Exercise 3-1A Equation method LO 3-1 Campbell Corporation produces products that it sells for $18 each. Variable costs per unit are $4, and annual fixed costs are $301,000. Campbell desires to earn a profit of $46,200. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. a. Break-even point in units Break-even point in dollars b. Sales volume in units...
Exercise 3-1A Equation method LO 3-1 Vernon Corporation produces products that it sells for $13 each....
Exercise 3-1A Equation method LO 3-1 Vernon Corporation produces products that it sells for $13 each. Variable costs per unit are $6, and annual fixed costs are $142,100. Vernon desires to earn a profit of $24,500. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. a. Break-even point in units Break-even point in dollars b. Sales volume in units...
Is this correct? If not, what are the correct answers? Rundle Corporation produces products that it...
Is this correct? If not, what are the correct answers?
Rundle Corporation produces products that it sells for $16 each. Variable costs per unit are $4, and annual fixed costs are $259,200. Rundle desires to earn a profit of $31,200. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. ſ $ a. Break-even point in units Break-even point in...
Cooper Company sells a product at $50 per unit that has unit variable costs of $20....
Cooper Company sells a product at $50 per unit that has unit variable costs of $20. The company's break-even sales point in sales dollars is $150,000. How much is the fixed costs now? (Hint: The fixed costs is same as the total contribution margin when there is break-even.) Select one: O a. $200,000 O b. $100,000 O c. $90,000 O d. $120,000 Zeus, Inc. produces a product that has a variable cost of $3.00 per unit. The company's fixed costs...
Dannica Corporation produces products that it sells for $40 each. Variable costs per unit are $25, and annual fixed costs are $360,000. Dannica desires to earn an after-tax (post-tax) profit of $150,000 for the year. The expected income tax rate is 20%. Required: Determine the sales volume in units required to earn the desired after-tax profit. Multiple Choice 30,180 Units 28,922 Units 34,000 Units NR NA The marketing manager of Benson Corporation has determined that a market exists for a...
Franklin Corporation produces products that it sells for $18 each. Variable costs per unit are $6, and annual fixed costs are $241,200. Franklin desires to earn a profit of $58,800. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. a Break-even point in units Break-even point in dollars b. Sales volume in units Sales in dollars
Baird Corporation produces products that it sells for $21 each. Variable costs per unit are $6, and annual fixed costs are $303,000. Baird desires to earn a profit of $49,500. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit." a Break-even point in units Break-even point in dollars b. Sales volume in units Sales in dollars
Vernon Corporation produces products that it sells for $19 each. Variable costs per unit are $9, and annual fixed costs are $206,000. Vernon desires to earn a profit of $41,000. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. Answer is complete but not entirely correct. a. Break-even point in units Break-even point in dollars Sales volume in units...
Q.1
Rooney Corporation produces products that it sells for $18 each.
Variable costs per unit are $9, and annual fixed costs are
$189,900. Rooney desires to earn a profit of $33,300.
Required
Use the equation method to determine the break-even point in
units and dollars.
Determine the sales volume in units and dollars required to earn
the desired profit.
a. Break-even point in units Break-even point in dollars b. Sales volume in units Sales in dollars
Exercise 3-1A Equation method LO 3-1 Campbell Corporation produces products that it sells for $18 each. Variable costs per unit are $4, and annual fixed costs are $301,000. Campbell desires to earn a profit of $46,200. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. a. Break-even point in units Break-even point in dollars b. Sales volume in units...
Exercise 3-1A Equation method LO 3-1 Vernon Corporation produces products that it sells for $13 each. Variable costs per unit are $6, and annual fixed costs are $142,100. Vernon desires to earn a profit of $24,500. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. a. Break-even point in units Break-even point in dollars b. Sales volume in units...
Is this correct? If not, what are the correct answers?
Rundle Corporation produces products that it sells for $16 each. Variable costs per unit are $4, and annual fixed costs are $259,200. Rundle desires to earn a profit of $31,200. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. ſ $ a. Break-even point in units Break-even point in...
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