Comparative 2017 and 2018 income statements for Bismark Products Inc. follow: Determine the break-even point in units, Determine the unit sales volume required to earn a pretax profit of $12,000
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Comparative 2017 and 2018 income statements for Bismark Products Inc. follow: Determine the break-even point in units, Determine the unit sales volume required to earn a pretax profit of $12,000
High-Low Cost Estimation and Profit Planning Comparative 2017 and 2018 income statements for Bismark Products Inc....
High-Low Cost Estimation and Profit Planning Comparative 2017 and 2018 income statements for Bismark Products Inc. follow: BISMARK PRODUCTS INC. Comparative Income Statements For Years Ending December 31, 2017 and 2018 2017 2018 Unit sales 6,000 11,000 Sales revenue $ 78,000 $ 143,000 Expenses (70,000) (85,000) Profit (loss) $ 8,000 $ 58,000 (a) Determine the break-even point in units. Answer Incorrect Mark 0.00 out of 1.00 units (b) Determine the unit sales volume required to earn a profit of $12,000....
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.75 per pan. The variable cost per pan is as follows: Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.75 per pan. The variable cost per pan is as follows: Direct materials...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $3.00 per pan. The variable cost per pan is as follows: Direct materials $0.31 Direct labor Variable factory overhead 0.55 0.70 0.17 Variable selling expense Fixed manufacturing cost totals $250,789 per year. Administrative cost (all fixed) totals $34,199. Required: 1. Compute the number of pans that must be sold for Werner to...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.75 per pan. The variable cost per pan is as follows: Direct materials Direct labor $0.37 0.63 Variable factory overhead Variable selling expense 0.53 0.12 Fixed manufacturing cost totals $111,425 per year. Administrative cost (all foxed) totals $48,350. Unless otherwise instructed, round all total doilar figures (eg. sales, total contribution-margin) to the...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.55 per pan. The variable cost per pan is as follows: Direct materials $0.26 Direct labor 0.53 Variable factory overhead 0.64 Variable selling expense 0.18 Fixed manufacturing cost totals $161,635 per year. Administrative cost (all fixed) totals $22,041. Required: 1. Compute the number of pans that must be sold for Werner to...
High-Low Cost Estimation and Profit Planning Comparative 2007 and 2008 income statements for Dakota Products Inc. follow...
High-Low Cost Estimation and Profit Planning Comparative 2007 and 2008 income statements for Dakota Products Inc. follow: DAKOTA PRODUCTS INC. Comparative Income Statements For Years Ending December 31, 2007 and 2008 2007 2008 Unit sales 5,000 8,000 Sales revenue $75,000 $120,000 Expenses (82,000) (103,000) Profit (loss) $(7,000) $17,000 (a) Determine the break-even point in units. Answer units (b) Determine the unit sales volume required to earn a profit of $7,000. Answer
Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales...
Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $555,000 $340,000 $278,000 Cost of goods gold 283,500 212,500 153, 900 Gross profit 271, 500 127,500 124,100 Selling expenses 102,900 46,920 50,800 Administrative expenses 50, 668 29, 920 22, 800 Total expenses 153,568 76,840 73,600 Income before taxes 117, 93250, 660 50, 500 Income tax expense 40,800 10,370 15,670 Net income $ 77,132 $ 40,290 $ 34,830 2017 KORBIN COMPANY Comparative Balance Sheets December...
From the data provided herein calculate the break-even point and turnover (sales revenue) required to earn...
From the data provided herein calculate the break-even point and turnover (sales revenue) required to earn a profit of sh.36,000 after tax. Tax is at the rate of 40% of net income before taxes. Sh. Fixed cost 180,000 Variable cost per unit 2 Selling price 20 b. if the company earns a profit of sh.36,000 express the margin of safety available to company.
Use the following information to determine the break-even point in sales dollars: Unit sales Dollar sales...
Use the following information to determine the break-even point in sales dollars: Unit sales Dollar sales Fixed costs Variable costs 44, 400 Units $444,000 $ 197,000 $166,500 1 O O $197,000. O $128,800. O $315,200. O $444,000
Use the following information to determine the break-even point in sales dollars: Unit sales Dollar sales...
Use the following information to determine the break-even point in sales dollars: Unit sales Dollar sales Fixed costs Variable costs 49,200 Units $492,000 $203,000 $184,500 O $203,000. O $104,500 O $167,200. O $324,800. $324,800. O $492,000.
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $3.00 per pan. The variable cost per pan is as follows: Direct materials $0.31 Direct labor Variable factory overhead 0.55 0.70 0.17 Variable selling expense Fixed manufacturing cost totals $250,789 per year. Administrative cost (all fixed) totals $34,199. Required: 1. Compute the number of pans that must be sold for Werner to...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.75 per pan. The variable cost per pan is as follows: Direct materials Direct labor $0.37 0.63 Variable factory overhead Variable selling expense 0.53 0.12 Fixed manufacturing cost totals $111,425 per year. Administrative cost (all foxed) totals $48,350. Unless otherwise instructed, round all total doilar figures (eg. sales, total contribution-margin) to the...
Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.55 per pan. The variable cost per pan is as follows: Direct materials $0.26 Direct labor 0.53 Variable factory overhead 0.64 Variable selling expense 0.18 Fixed manufacturing cost totals $161,635 per year. Administrative cost (all fixed) totals $22,041. Required: 1. Compute the number of pans that must be sold for Werner to...
Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $555,000 $340,000 $278,000 Cost of goods gold 283,500 212,500 153, 900 Gross profit 271, 500 127,500 124,100 Selling expenses 102,900 46,920 50,800 Administrative expenses 50, 668 29, 920 22, 800 Total expenses 153,568 76,840 73,600 Income before taxes 117, 93250, 660 50, 500 Income tax expense 40,800 10,370 15,670 Net income $ 77,132 $ 40,290 $ 34,830 2017 KORBIN COMPANY Comparative Balance Sheets December...
Use the following information to determine the break-even point in sales dollars: Unit sales Dollar sales Fixed costs Variable costs 44, 400 Units $444,000 $ 197,000 $166,500 1 O O $197,000. O $128,800. O $315,200. O $444,000
Use the following information to determine the break-even point in sales dollars: Unit sales Dollar sales Fixed costs Variable costs 49,200 Units $492,000 $203,000 $184,500 O $203,000. O $104,500 O $167,200. O $324,800. $324,800. O $492,000.
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