Compute sales for target net income. (LO 5), AP For Flynn Company, variable costs are 70%...
Compute sales for target net income.
(LO 5), AP For Flynn Company, variable costs are 70% of sales, and fixed costs are $195,000. Management's net income goal is $75,000. Compute the required sales in dollars needed to achieve management's target net income of $75,000. (Use the contribution margin approach.)
Homework Answers
Contribution margin =Sales-Variable costs
=(100-70)=30%
Target Contribution margin=Fixed cost+Target net income
=(195,000+75,000)=$270,000
Hence required sales=Target Contribution margin/Contribution margin ratio
=$270,000/0.3
=$900,000.
Add Answer to:
Compute sales for target net income.
(LO 5), AP For Flynn Company, variable costs are 70%...
For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net...
For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net income goal is $67,000. Compute the required sales in dollars needed to achieve management's target net income of $67,000. (Use the contribution margin approach.) Required sales $
For Blue Spruce Company, variable costs are 60% of sales, and fixed costs are $238,000. Management’s...
For Blue Spruce Company, variable costs are 60% of sales, and fixed costs are $238,000. Management’s net income goal is $66,000. Compute the required sales in dollars needed to achieve management’s target net income of $66,000. (Use the contribution margin approach.)
x Your answer is incorrect. Try again. For Bramble Company, variable costs are 60 % of...
x Your answer is incorrect. Try again. For Bramble Company, variable costs are 60 % of sales, and fixed costs are $225,000. Management's net income goal is $63,000. Compute the required sales in dollars needed to achieve management's target net income of $63,000. (Use the contribution margin approach.) 660,000 Required sales Click if you would like to Show Work for this question: Open Show Work
For Biswell Company, variable costs are 70% of sales and fixed costs are $188,400. Calculate the...
For Biswell Company, variable costs are 70% of sales and fixed costs are $188,400. Calculate the required sales in dollars that are needed to achieve management’s target operating income of $83,100. (Use the contribution margin approach.)
How are variable costs calculated in requirement 4 on the income statement? (3,575,000) British Productions performs...
How
are variable costs calculated in requirement 4 on the income
statement? (3,575,000)
British Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There year. No additional shows can be held as the theater is also used by other production companies. The avera cast of 65, each earning a net average of $340 per show. The cast is paid after each show. The other variable program-printing cost of $8 per guest. Annual fixed costs total...
Help with managerial accounting?? Karney Company has revenues of $500,000, variable costs of $350,000, and fixed...
Help with managerial accounting?? Karney Company has revenues of $500,000, variable costs of $350,000, and fixed costs of $135,000. The sales price per unit is $100 and the Variable Cost per unit is $70, at this level of sales the Fixed Costs per unit is $27. a. compute the contribution margin per unit and the contribution margin ratio b. compute total unfits and sales dollars needed to break even. c. compute total sales dollars needed to achieve a target operating...
Compute break-even point in dollars , contribution margin ratio, target net income sales CUBS Inc....
Compute break-even point in dollars , contribution margin ratio, target net income sales CUBS Inc. produces widgets. The widgets are sold for $10.00 per unit to wholesalers. Unit variable cost are 70% of Sales. For the year 2019, management estimates the following revenues and costs. Sales $7,500,000 Bonuses 325,000 Manufacturing overhead -fixed 1,160,000 Rent 250,000 Selling expenses - fixed 300,000 Meals & Entertainment 175,000 SGA expenses - fixed 700,000 Travel Expenses 150,000 Instructions: (a) Compute the contribution margin ratio. ...
Given the information provided, do the requirements listed: Karney Company has revenues of $500,000, variable costs...
Given the information provided, do the requirements listed: Karney Company has revenues of $500,000, variable costs of $350,000, and fixed costs of $135,000. The sales price per unit is $100 and the Variable Cost per unit is $70, at this level of sales the Fixed Costs per unit is $27. A. Compute the Contribution Margin per unit and the Contribution Margin Ratio. B. Compute total units and sales dollars needed to break-even. C. Compute total sales dollars needed to achieve...
Check my work Exercise 21-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures...
Check my work Exercise 21-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures a single product that sells for $120 per unit and whose total variable costs are $84 per unit. The company's annual fixed costs are $529.200 Management targets an annual pretax income of $900,000. Assume that fixed costs remain at $529,200 (1) Compute the unit sales to earn the target income Units to achieve target 2) Compute the dollar sales to earn the target income...
Exercise 18-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures a single product...
Exercise 18-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures a single product that sells for $100 per unit and whose total variable costs are 576 per unit. The company's annual fixed costs are $338.400. Management targets an annual pretax income of $600,000. Assume that foxed costs remain at $338,400. (1) Compute the unit sales to earn the target Income Choose Numerator: Choose Denominator: - = Units to Achieve Target Units to achieve target (2) Compute the...
For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net income goal is $67,000. Compute the required sales in dollars needed to achieve management's target net income of $67,000. (Use the contribution margin approach.) Required sales $
x Your answer is incorrect. Try again. For Bramble Company, variable costs are 60 % of sales, and fixed costs are $225,000. Management's net income goal is $63,000. Compute the required sales in dollars needed to achieve management's target net income of $63,000. (Use the contribution margin approach.) 660,000 Required sales Click if you would like to Show Work for this question: Open Show Work
How
are variable costs calculated in requirement 4 on the income
statement? (3,575,000)
British Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There year. No additional shows can be held as the theater is also used by other production companies. The avera cast of 65, each earning a net average of $340 per show. The cast is paid after each show. The other variable program-printing cost of $8 per guest. Annual fixed costs total...
Given the information provided, do the requirements listed: Karney Company has revenues of $500,000, variable costs of $350,000, and fixed costs of $135,000. The sales price per unit is $100 and the Variable Cost per unit is $70, at this level of sales the Fixed Costs per unit is $27. A. Compute the Contribution Margin per unit and the Contribution Margin Ratio. B. Compute total units and sales dollars needed to break-even. C. Compute total sales dollars needed to achieve...
Check my work Exercise 21-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures a single product that sells for $120 per unit and whose total variable costs are $84 per unit. The company's annual fixed costs are $529.200 Management targets an annual pretax income of $900,000. Assume that fixed costs remain at $529,200 (1) Compute the unit sales to earn the target income Units to achieve target 2) Compute the dollar sales to earn the target income...
Exercise 18-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures a single product that sells for $100 per unit and whose total variable costs are 576 per unit. The company's annual fixed costs are $338.400. Management targets an annual pretax income of $600,000. Assume that foxed costs remain at $338,400. (1) Compute the unit sales to earn the target Income Choose Numerator: Choose Denominator: - = Units to Achieve Target Units to achieve target (2) Compute the...
Most questions answered within 3 hours.
-
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 24 minutes ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 1 hour ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 2 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 2 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 2 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 3 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 3 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 4 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 4 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 4 hours ago -
Why are polymers not typically casted into products?
asked 4 hours ago -
When rolling a die 129 times, what is the probability of rolling
a 6 no more...
asked 4 hours ago