Answer: Option $3333333
Explanation:
Required Sales to earn Net Income $300,000 = (Targeted Net Income + Fixed Expenses ) / Contribution margin
= (300,000 +900,000 ) / 36%
= 1,200,000 /0.36
= $3,333,333
Multiple Choice Question 52 For Bramble Corp., sales is $4000000, fixed expenses are $900000, and the...
Multiple Choice Question 52 For Sheridan Company, sales is $3500000, fixed expenses are $900000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $600000? $1666667 $2500000 $4166667 $9722222
Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43% O 20%. Question Attempts: Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43%. 20% Question Attempts:
Multiple Choice Question 45 For Sheffield Corp., sales is $1500000, fixed expenses are $270000, and the contribution margin per unit is $60. What is the break-even point? O O $450000 sales dollars $250000 sales dollars 25000 units 4500 units Question Attempts:
Multiple Choice Question 43 The contribution margin ratio is O sales divided by fixed expenses. contribution margin divided by sales. O sales divided by variable expenses. sales divided by contribution margin.
Multiple Choice Question 132 How much sales are required to earn a target income of $249600 if total fixed costs are $312000 and the contribution margin ratio is 40%? $624000 $936000 $1404000 $1029600 LINK TO TEXT
Wesley Company manufactures and sells a single product. The company's sales and expenses for last quarter follow: Sales Less: Variable expenses Total $450,000 270,000 Per Unit $ 90 54 Contribution margin 180,000 $ 36 Less: Fixed expenses 90,000 Net operating income $ 90,000 Required: 1. What is the quarterly break-even point in units sold and in sales dollars? Break-even point in units sold Break-even point in sales dollars 2. Without resorting to computations, calculate the total contribution margin at the...
please answer all 4 multiple choice questions QUESTION 37 The ratio of fixed expenses to the contribution margin ratio is the indifference point break-even point in units. fixed cost ratio. break-even point in sales. sensitivity analysis. QUESTION 38 If the contribution margin ratio increases, the break-even point in sales dollars will double. remain the same. increase. decrease. to cane all answers. QUESTION 35 The predetermined overhead rate is usually calculated at the end of the year. at the beginning of...
Multiple Choice Question 53 It costs Bramble Corp. $12 of variable and $5 of fixed costs to produce one Panini press which normally sells for $35. A foreign wholesaler offers to purchase 1900 Panini presses at $15 each. Maker would incur special shipping costs of $1 per press if the order were accepted. Bramble has sufficient unused capacity to produce the 1900 Panini presses. If the special order is accepted, what will be the effect on net income?
gnment Assume the following information: Per Unit $40 15 Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $300,000 112,500 187,500 53,000 $134,500 $25 The dollar sales to attain a target profit of $195,000 is: Multiple Choice $396.800 $329.500. signment The dollar sales to attain a target profit of $195,000 is: Multiple Choice $396,800. $329,500. $661.333. $434,500
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable cost are 60 % . For the year 2019, management estimates the following revenues and costs Selling expenses Selling expenses SGA expenses V SGA expenses- fix Sales Direct materials 70,000 75,000 30,000 1.100.000 530,000 460,000 Direct labor Manufacturing overhead- variable Manufacturing overhead -fixed 400,000 80,000 380,000 Instructions: (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Compute the break-even point in...