A company has monthly fixed costs of $96,000. The variable costs are $8.00 per unit. If the sales price of a unit is $14.00 and we sell 8,000 units, the total sales revenue will be: A. $48 B. $112,000 C. $96,000 D. $95,950
Q: Do fast answer of this general accounting question
A: Step 1: Define Switching CostsSwitching costs are those costs that customers have to pay when they…
Q: tutor of general account accept it.
A: To determine the total liabilities and stockholders' equity on December 31, we use the accounting…
Q: What were the equivalent units for conversion costs in the Assembly Department for the month?…
A: To calculate the equivalent units for conversion costs using the weighted-average method, we…
Q: Give solution to this accounting problem
A: Explanation of High-Low Method:The high-low method is a cost estimation technique used to separate…
Q: mcq
A: The question pertains to working capital. Working capital is a financial measure that represents the…
Q: Net Income 125,000 gross profit 287,000
A: Explanation of Sales Revenue: This represents the total amount earned from selling goods before…
Q: Answer this financial accounting question
A: Explanation of Profit Margin:Profit margin measures the percentage of revenue that a company retains…
Q: A sole proprietor makes a cash withdrawal from his company. How does this transaction affect the…
A: The correct answer is:b. Assets decrease; equity decreases. Explanation:When a sole proprietor…
Q: Give me Answer
A: Concept of Purchase PriceThe purchase price is the amount paid to acquire an asset, such as land,…
Q: Please answer the general accounting question
A: The net income for the year is computed by deducting expenses from revenue.Net income = Revenue -…
Q: Quick answer of this accounting questions
A: Step 1: Definition of COGS Adjusted to Cash BasisTo adjust Cost of Goods Sold (COGS) to a cash…
Q: 1. Net Sales revenue $625,000 2. Beginning Inventory 72,000 3. Ending Inventory 47,000
A: Explanation of Net Sales Revenue: Net Sales Revenue represents the total amount of money generated…
Q: How much did the owner contribute on these general accounting question?
A: Step 1: Definition of Owner's Contribution (Capital)The owner's contribution is the amount the owner…
Q: Get solution for this general account query
A: Correct Answer: 3. a, b, d Explanation of Each Statement:a. Assets can be increased or decreased by…
Q: Book value per share solution general accounting question
A: Step 1: First, we need to calculate the equity available to common shareholdersTotal shareholders'…
Q: Please solve this question general accounting
A: Step 1: Define Turnover RatiosTurnover ratio are also called the efficiency ratios as they shows how…
Q: What asset turnover ratio is necessary to achieve an ROE of 18% ??
A: The question requires the determination of asset turnover ratio. The asset turnover ratio formula is…
Q: Please provide correct answer
A: Explanation of Current Liability:A current liability refers to a company's obligations that are…
Q: Need help with this general accounting question
A: To calculate the firm's Return on Assets (ROA), we use the formula:Step 1: Calculate Net IncomeThe…
Q: Get correct answer accounting questions
A: Step 1: Definition of Cash Received from CustomersCash received from customers represents the total…
Q: Subject: General Accounting
A: Explanation: As per high-low method, the variable cost per unit is calculated using the following…
Q: Provide correct answer general Accounting
A: Step 1: Define InterestWhen a company borrows through loans or negotiable instruments, it should pay…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is an estimated…
Q: A company has a net income of $790,000 and 55,300 outstanding shares. What is the earnings per…
A: Step 1: Earnings Per Share (EPS) formula.= (net income - preferred dividends) / weighted average…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Return on Total Assets (ROA)Return on Total Assets (ROA) is a financial metric…
Q: Your plant produces 134 snowmobiles per month. Direct costs are $2,540 per snowmobile. The monthly…
A: Calculate the Total Direct CostsThe direct cost per snowmobile is $2,540, and you produce 134…
Q: If total liabilities decreased by $75,000 and stockholders' equity increased by $15,000 during a…
A: To find out the change in total assets, we can use the accounting equation:Assets = Liabilities +…
Q: General Accounting
A: To calculate the weights in equity and debt for the Weighted Average Cost of Capital (WACC), we use…
Q: General accounting
A: Step 1: Define Asset Turnover RatioThe asset turnover ratio is one of the efficiency ratios that…
Q: Total Manufacturing Cost?
A: Explanation of Direct Materials: These are raw materials that can be directly traced to and…
Q: Hello tutor provide correct answer general accounting question
A: The formula for computing the units completed during the period would be: Units completed =…
Q: 4 Points
A: Concept of Lower of Cost or Net Realizable Value (NRV): The lower of cost or net realizable value…
Q: Pinhead Manufacturers Inc. has estimated total factory overhead costs of $147,000 and 12,800 direct…
A: Explanation of Factory Overhead: Factory overhead consists of all manufacturing costs that cannot be…
Q: All production is sold as it is produced?
A: Step 1:First, calculate the equivalent units of production: Equivalent units of production = Units…
Q: Financial Accounting
A: Step 1: Define Variable Cost per Unit Using the High-Low MethodThe high-low method is used to…
Q: Gm has a market value of... Please provide answer this financial accounting question
A: To calculate the weights of equity and debt for WACC, we use the formula: Weight of Equity…
Q: I need this question answer general Accounting
A: Step 1: Define Interest ComputationInterest should be accrued when it is not payable in the same…
Q: Not use ai solution given correct answer general Accounting question
A: The after-tax debt cost of capital is calculated as follows: After-tax debt cost of capital = Cost…
Q: Account
A: Network externalities refer to the situation where the value of a product or service increases as…
Q: What is the estimated variable order filling cost component per order?
A: Step 1: To apply the high-low method we use the below formula to compute the estimated variable cost…
Q: Need help with this general accounting question please answer
A: Step 1: Define Ending Inventory Under Variable CostingUnder variable costing, only variable…
Q: What was the gross margin on these general accounting question?
A: Step 1: Define Gross MarginGross margin is the difference between sales revenue and the cost of…
Q: Answer
A: Explanation of Stock Warrants:Stock warrants are financial instruments that give the holder the…
Q: Accounting Problem 4.8.14: Berlin's TVs has current liabilities of $26.7 million. Cash makes up 41…
A: Explanation of Current Ratio:The current ratio is a liquidity measure that evaluates a company's…
Q: Tag. General Account
A: Fixed Cost:Remains constant regardless of the level of activity or production.Example: Rent,…
Q: Hello teacher please help me this question
A: Step 1: Define Sales of A Target ProfitUnder the cost-volume-profit (CVP) analysis, the sales of a…
Q: Need general account
A: To determine the change in total assets, we use the accounting equation:…
Q: Provide correct answer financial Accounting
A: Step 1: Define Process costingProcess costing is a method of collecting direct costs and…
Q: Jill's 2023 balance sheet showed net fixed assets of $2.4 million, while its 2020 balance sheet…
A: Explanation of Net Fixed Assets:Net fixed assets represent the value of a company's long-term…
Q: Get correct answer accounting questions
A: Step 1: Definition of Contribution MarginThe contribution margin per unit is the amount from each…
Provide correct answer financial accounting
Step by step
Solved in 2 steps
- Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.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. 2,000Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.
- Marlin Motors sells a single product with a selling price of $400 with variable costs per unit of $160. The companys monthly fixed expenses are $36,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of November when they will sell 130 units. How many units will Marlin need to sell in order to realize a target profit of $48,000? What dollar sales will Marlin need to generate in order to realize a target profit of $48.000? Construct a contribution margin income statement for the month of February that reflects $200,000 in sales revenue for Marlin Motors.Faldo 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?Company A wants to earn $5,000 profit in the month of January. If their fixed costs are $10,000 and their product has a per-unit contribution margin of $250, how many units must they sell to reach their target income? A.20 B. 40 C. 60 D. 120
- Starling Co. manufactures one product with a selling price of 18 and variable cost of 12. Starlings total annual fixed costs are 38,400. If operating income last year was 28,800, what was the number of units Starling sold? a. 4,800 b. 6,400 c. 5,600 d. 11,200Klamath Company produces a single product. The projected income statement for the coming year is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. 2. Suppose 10,000 units are sold above break-even. What is the operating income? 3. Compute the contribution margin ratio. Use the contribution margin ratio to compute the break-even point in sales revenue. (Note: Round the contribution margin ratio to four decimal places, and round the sales revenue to the nearest dollar.) Suppose that revenues are 200,000 more than expected for the coming year. What would the total operating income be?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.
- Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22 each in the coming year. Total variable costs equal 1,086,800. Total fixed costs equal 8,000,000. (Round all ratios to four significant digits, and round all dollar amounts to the nearest dollar.) Required: 1. What is the contribution margin per unit? What is the contribution margin ratio? 2. Calculate the sales revenue needed to break even. 3. Calculate the sales revenue needed to achieve a target profit of 245,000. 4. What if the average price per unit increased to 23.50? Recalculate: a. Contribution margin per unit b. Contribution margin ratio (rounded to four decimal places) c. Sales revenue needed to break even d. Sales revenue needed to achieve a target profit of 245,000Olivian Company wants to earn 420,000 in net (after-tax) income next year. Its product is priced at 275 per unit. Product costs include: Variable selling expense is 14 per unit; fixed selling and administrative expense totals 290,000. Olivian has a tax rate of 40 percent. Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of 420,000. 2. Calculate the number of units that will yield operating income calculated in Requirement 1 above. (Round to the nearest unit.) 3. Prepare an income statement for Olivian Company for the coming year based on the number of units computed in Requirement 2. 4. What if Olivian had a 35 percent tax rate? Would the units sold to reach a 420,000 target net income be higher or lower than the units calculated in Requirement 3? Calculate the number of units needed at the new tax rate. (Round dollar amounts to the nearest dollar and unit amounts to the nearest unit.)A company has monthly fixed costs of $135,000. The variable costs are $5 per unit. If the sales price of a unit is $12 and we sell 7,500 units, the company's average fixed costs per unit will be OA. $23 per unit. OB. $7 per unit. OC. $18 per unit. OD. $5 per unit.
