A company has fixed costs of $792,625. The selling price per unit is $195 and the variable cost per unit is $110. How many units must the company sell in order to earn a profit of $178,500?
Q: Get correct answer general accounting
A: Step 1:Calculate total costStep 2:Calculate unit cost
Q: Using the following information, prepare a Variable Costing Income Statement. Sales $5,000,000…
A: Detailed explanation:A variable income statement is a financial statement that separates a company's…
Q: this is account problems
A: To calculate the equivalent units for direct materials, we use the concept of equivalent units in a…
Q: Give me answer
A: Explanation of Standard Quantity:Standard Quantity represents the expected amount of material…
Q: I won't to this question answer general Accounting
A: The return on assets (ROA) is calculated using the formula: ROA = (Net Income / Average Total…
Q: In Tyler LTD, direct materials are $12000, direct labor $15000 and manufacturing overhead is $9000.…
A: Concept of Direct Materials:Direct materials are the raw materials that are directly involved in the…
Q: Kenzi Kayaking, a manufacturer of kayaks, began operations this year. During this first year, the…
A: Step 1: Key InformationSelling Price Per Kayak = $1,000Variable Production Cost Per Kayak =…
Q: Need help this question general accounting
A: Cash Paid = Salary Expense - Increase in Salary PayableCash Paid = 875,000 - 39,000Cash Paid =…
Q: Solve this question general Accounting
A: Step 1: Define Holding Period Total Return (HPTR)If an investor holds an asset, mainly investments…
Q: Choose the right answer
A: To determine the total cost accounted for, we use the formula: Total Cost Accounted For = Cost of…
Q: Correct answer ✅✅✅
A: Explanation of Accounting Performance:Accounting performance is a measure of a firm's financial…
Q: Kindly help me with accounting questions
A: Step 1: Definitions of Direct Labor Rate VarianceThe direct labor rate variance measures the…
Q: Expert solve the question financial accounting
A: Step 1: Define Financing Working CapitalOne of the strategies used by a firm to finance its capital…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Gain/Loss on Sale of AssetGain or loss on the sale of an asset is the…
Q: What is the value of ending inventory using the variable costing method? General accounting
A: Step 1: Define Variable Costing MethodAs the name suggests, in the variable costing only the…
Q: General accounting
A: Step 1: Definition of Variable Cost Per DogVariable cost per dog refers to the cost that varies…
Q: A company has net working capital solve this general accounting question
A: To calculate how many dollars worth of sales are generated from every $1 in total assets, we need to…
Q: What is its ROE ? General accounting
A: The formula for Return on Equity (ROE) is derived using the DuPont Identity: ROE = Profit Margin ×…
Q: Financial accounting
A: Explanation: The amount of income tax expense for 2019 will be = Current tax expense for 2019 +…
Q: posting at general account subject
A: To compute the operating income under absorption costing and variable costing for 2015, we need to…
Q: Hi expert provide correct answer general accounting
A: Step 1: Define Taxable IncomeTaxable income is the tax imposed on the gross income of individuals…
Q: What is the firm's ROA ? General accounting
A: Step 1: Define Return on AssetReturn on assets is the financial ratio that gives an idea of how…
Q: Provide answer financial accounting
A: Step 1: Define Net IncomeTo calculate the net income all the expenses are deducted from the sales…
Q: Carmelita Inc. has the following information available: Costs from Beginning Direct materials…
A: To determine the equivalent units of production (EUP) under the FIFO process cost method, we need to…
Q: I want to correct answer general accounting
A: Step 1: Definition of Economic Order Quantity (EOQ)EOQ is the optimal quantity of stock that a…
Q: During FY 2018 Bay Manufacturing had total manufacturing costs are $450,000. Their cost of goods…
A: To determine the beginning Work-in-Process (WIP) Inventory for FY 2018, we use the Cost of Goods…
Q: The monster truck operates serveral specialty
A: To determine how long it takes The Monster Truck to collect payment for its services (i.e., the…
Q: help
A: Explanation of Estimated Factory Overhead:This represents the total predicted manufacturing overhead…
Q: None
A: To calculate the unit cost, you need to sum up all the costs and then divide by the number of units…
Q: I want to correct answer general accounting
A: Step 1: Definition of Labor Rate VarianceLabor Rate Variance (LRV): The labor rate variance measures…
Q: What should the unit price be? General accounting
A: Step 1: Define Variable CostsVariable costs are usually considered as relevant costs. These costs…
Q: Need help with this accounting questions
A: Step 1:First calculate the gross profit: Gross profit = Net sales - Cost of goods sold…
Q: Answer? ? General Accounting
A: Step 1: Define TurnoverTurnover is a financial ratio which measures the gross amount that the…
Q: Mountain valley company has assets solution this general accounting question
A: Step 1: Definition of Net IncomeNet Income: This is the excess of revenues over expenses during a…
Q: I won't this question answer financial accounting
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: Mona reported $70,000 in net profit for the year using absorption costing. The company had no units…
A: To calculate the net profit under variable costing, we need to account for the key difference…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Maturity ValueMaturity value refers to the total amount that must be repaid at…
Q: Give me answer ✅
A: Explanation of Variable Costs:Variable costs, which include materials ($4,080) and hourly labor…
Q: General accounting
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: Financial accounting
A: Step 1: Define Avoidable Costs in Make-or-Buy DecisionsAvoidable costs refer to costs that are only…
Q: provide General Accounting Question solution
A: To calculate the accrued interest, use the formula: Interest = Principal × Rate × Time…
Q: What is the fair value of solve this question
A: Present Value = Cash Flow/(Required Rate-Growth rate) Present Value = 100/(8%-3%) Present Value =…
Q: March 1, 2019, Dorchester Company's beginning work in process inventory had 10,000 units. This is…
A: Equivalent units = 100% of Beginning Inventory completed + Additional units started and completed +…
Q: General Account Subjects Questions
A: Step 1: Calculate the total variable costs (materials + hourly labor)Step 2: Compute the variable…
Q: Accounting question
A: To calculate the product cost per unit under absorption costing, we include all manufacturing costs,…
Q: Provide answer general accounting
A: To determine the appropriate adjusting entry, we calculate the wages earned by the employees for the…
Q: HELP
A: Explanation of Cost of Goods Manufactured: Cost of goods manufactured represents the total cost of…
Q: What is the value of total assets?
A: Step 1: Define AssetsIn accounting, assets can be financial or non-financial resources present in…
Q: What should the unit price be?
A: Step 1: Step 2: Step 3: Step 4:
Q: Please solve this question general accounting
A: Step 1: Define Gross ProfitThe gross profit is the overall profit after neglecting the expenses and…
General accounting
Step by step
Solved in 2 steps
- If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. Suppose that 30,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the break-even point in dollars. Suppose that revenues are 200,000 greater than expected. What would the total profit be? 3. Compute the margin of safety in sales revenue. 4. Compute the operating leverage. Compute the new profit level if sales are 20 percent higher than expected. 5. How many units must be sold to earn a profit equal to 10 percent of sales? 6. Assume the income tax rate is 40 percent. How many units must be sold to earn an after-tax profit of 180,000?Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are $15,250. Delta Co.s tax rate is 36% and the company wants to earn $44,000 after taxes. What would be Deltas desired pre-tax income? What would be break-even point in units to reach the income goal of $44,000 after taxes? What would be break-even point in sales dollars to reach the income goal of $44000 after taxes? Create a contribution margin income statement to show that the break-even point calculated in B, generates the desired after-tax income.
- A company with P280,000 of fixed costs has the following data: Product A Product B Sales price per unit P5 P6 Variable costs per unit P3 P5 Assume three units of A are sold for each unit of B sold. How much will sales be in pesos of product B at the breakeven point?The selling price of a particular product is $81.00 per unit, the variable expense is $55.00 per unit, and the breakeven sales in dollars is $243,000, what are the total fixed expenses?A company's fixed operating costs are $310,000, its variable costs are $3.65 per unit, and the product's sales price is $4.10. What is the company's break-even point; that is, at what unit sales volume will its income equal its costs? Round your answer to the nearest whole number. units D
- How do I solve this question?What will it's net income be?Currently, a company has fixed costs of P32,500, a contribution ratio of 65%, and is selling its product for P12 per unit. If the sales price per unit is increased by P4, how much less will the break-even point in sales be when compared to the current condition? a.P14,411 b.P13,414 c.P17,500 d.P 5,932
- Lin Corporation has a single product whose selling price is $130 per unit and whose variable expense is $65 per unit. The company’s monthly fixed expense is $32,150. Lin Corporation has a single product whose selling price is $130 per unit and whose variable expense is $65 per unit. The company’s monthly fixed expense is $32,150. Required: 1. Calculate the unit sales needed to attain a target profit of $2,300. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,900. (Round your intermediate calculations to the nearest whole numbLablanc Inc. sells a product for $60 per unit. The variable cost is $34 per unit, while fixed cost are $108,160. Determine (a) the break-even point in sales unit (b) the break-even point if the selling price weee increases to $66 per unit.Snower Corporation sells product G for $150 per unit, the variable cost per unit is $105, and the fixed costs are $720,000. What is the sales (in dollars) required to realize operating income of $40,000?