Baird Company incurs annual fixed costs of $98,700. Variable costs for Baird’s product are $22.75 per...
Baird Company incurs annual fixed costs of $98,700. Variable costs for Baird’s product are $22.75 per unit, and the sales price is $35.00 per unit. Baird desires to earn an annual profit of $63,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)
Homework Answers
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Sales in dollars = (Fixed costs + Target profit) /Contribution margin ratio = (98,700+63,000)/35% = 462,000 |
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Sales volume in units = (Fixed costs + Target profit) /Contribution margin per unit = (98,700+63,000)/(35-22.75) = 13,200 units |
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Baird Company incurs annual fixed costs of $98,700. Variable
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Rooney Company incurs annual fixed costs of $101,420. Variable costs for Rooney’s product are $21.35 per...
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costs for Rooney’s product are $21.35 per unit, and the sales price
is $35.00 per unit. Rooney desires to earn an annual profit of
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Required
Use the per unit contribution margin approach to determine the
sales volume in units and dollars required to earn the desired
profit. (Do not round intermediate calculations. Round your
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is $35.00 per unit. Rooney desires to earn an annual profit of
$46,000.
Required
Use the per unit contribution margin approach to determine the
sales volume in units and dollars required to earn the desired
profit. (Do not round intermediate calculations. Round your
final answers to the nearest whole number.)
Sales in dollars Sales volume in units
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