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A vacuum is priced at $368 with an allowed trade-in of $135 on an old unit...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $81 per unit. The company's monthly fixed expense is $23,580. Required: 1. Calculate the unit sales needed to attain a target profit of $4,500. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,500. (Round your intermediate calculations to the nearest whole number.) 1. Units sales to attain target profit 2. Dollar sales to...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $54 per unit. The company's monthly fixed expense is $40,280. Required: 1. Calculate the unit sales needed to attain a target profit of $6,700. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,100. (Round your intermediate calculations to the nearest whole number.) units 1. Units sales to attain target profit 2. Dollar sales...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $54 per unit. The company's monthly fixed expense is $40,280. Required: 1. Calculate the unit sales needed to attain a target profit of $6,700. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,100. (Round your intermediate calculations to the nearest whole number.) units 1. Units sales to attain target profit 2. Dollar sales...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $81 per unit. The company's monthly fixed expense is $24,300. Required: 1. Calculate the unit sales needed to attain a target profit of $4,050. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,300. (Round your intermediate calculations to the nearest whole number.) units 1. Units sales to attain target profit 2. Dollar sales...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $81 per unit. The company's monthly fixed expense is $23,580. Required: 1. Calculate the unit sales needed to attain a target profit of $4,500. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,500. (Round your intermediate calculations to the nearest whole number.) 1. Units sales to attain target profit units 2. Dollar sales...
Q2. ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a...
Q2. ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 300,000 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units...
ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe...
ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 550 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units of...
Nelson Products is a priceminus?setter that uses the? cost-plus pricing approach. The products are specialty vacuum...
Nelson Products is a priceminus?setter that uses the? cost-plus pricing approach. The products are specialty vacuum tubes used in sound equipment. The CEO is certain that the company can produce and sell? 310,000 units per? year, due to the high demand for the product. Variable costs are? $2.40 per unit. Total fixed costs are? $960,000 per year. The CEO will receive stock options if? $200,000 of operating income for the year is reported. What sales price would allow the CEO...
Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price...
Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: Unit sales price Unit variable costs M $ 10 7 N $ 8 6 O $9 7 Total fixed costs are $465,000. The contribution margin per composite unit for the current sales mix (round to th nearest cent) is: Multiple Choice O $38.00 $27.00 O $9.00 O O O O O $56.00. $15.00.
Big Chill, Inc. sold 151,575 portable dehumidifier units at $135. Unit variable costs were $74. Fixed...
Big Chill, Inc. sold 151,575 portable dehumidifier units at $135. Unit variable costs were $74. Fixed costs were $3,966,300. At this price and volume, what was the firm's return on sales? Report your answer as a percentage and round to the nearest whole number. Big Chill, Inc. sells portable dehumidifier units at $187. Unit variable costs are $116. Fixed costs are $4,175,000. Management has set a profit objective of 15.6% return on sales. Calculate the sales volume in dollars that...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $81 per unit. The company's monthly fixed expense is $23,580. Required: 1. Calculate the unit sales needed to attain a target profit of $4,500. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,500. (Round your intermediate calculations to the nearest whole number.) 1. Units sales to attain target profit 2. Dollar sales to...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $54 per unit. The company's monthly fixed expense is $40,280. Required: 1. Calculate the unit sales needed to attain a target profit of $6,700. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,100. (Round your intermediate calculations to the nearest whole number.) units 1. Units sales to attain target profit 2. Dollar sales...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $54 per unit. The company's monthly fixed expense is $40,280. Required: 1. Calculate the unit sales needed to attain a target profit of $6,700. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,100. (Round your intermediate calculations to the nearest whole number.) units 1. Units sales to attain target profit 2. Dollar sales...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $81 per unit. The company's monthly fixed expense is $24,300. Required: 1. Calculate the unit sales needed to attain a target profit of $4,050. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,300. (Round your intermediate calculations to the nearest whole number.) units 1. Units sales to attain target profit 2. Dollar sales...
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $81 per unit. The company's monthly fixed expense is $23,580. Required: 1. Calculate the unit sales needed to attain a target profit of $4,500. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,500. (Round your intermediate calculations to the nearest whole number.) 1. Units sales to attain target profit units 2. Dollar sales...
Q2. ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 300,000 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units...
ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 550 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units of...
Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: Unit sales price Unit variable costs M $ 10 7 N $ 8 6 O $9 7 Total fixed costs are $465,000. The contribution margin per composite unit for the current sales mix (round to th nearest cent) is: Multiple Choice O $38.00 $27.00 O $9.00 O O O O O $56.00. $15.00.
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