Martinez Company had $152,000 of net income in 2016 when the selling price per unit was $154, the variable costs per unit were $94, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2017. The president of Martinez Company is under pressure from stockholders to increase net income by $64,100 in 2017.
Answer | ||||||||
During year 2016 | ||||||||
Selling price p.u | $ 154 | |||||||
Less: variable Cost | $94 | |||||||
Contribution | $60 | |||||||
Number of units sold to achieve profit of $1,52,000 and cover fixed cost of $ 5,71,700 | ||||||||
=(1,52,000+5,71,700)/60 | ||||||||
=12,062 units | ||||||||
To increase profits by $64,100 in 2017 when other unit rates and fixed cost remaining same, number of units to be sold is as under | ||||||||
Required Profit | $ 2,16,100 | |||||||
Fixed Cost | $ 5,71,700 | |||||||
Total | $ 7,87,800 | |||||||
Contribution p.u | $60 | |||||||
No. of units to be sold | 13130 |
Martinez Company had $152,000 of net income in 2016 when the selling price per unit was $154, the variable costs per un...
Martinez Company had $152,000 of net income in 2016 when the
selling price per unit was $154, the variable costs per unit were
$94, and the fixed costs were $571,700. Management expects per unit
data and total fixed costs to remain the same in 2017. The
president of Martinez Company is under pressure from stockholders
to increase net income by $64,100 in 2017.
(a)
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