At a break-even point of 1,000 units sold, total variable expenses were $4,000 and total fixed expenses were $5,000. What will net income be if 1010 units are sold? Select one: $50. O $5.00 O not enough information is given to answer this question O $22.50 Last year, Perry Company reported net income of $10,000. Its variable expenses totalled $60,000 or $6 per unit. The unit contribution margin was $3.00 per unit. The break-even point in units for Perry Company is: Select one: not enough information is given to answer this question 3,333.33 units 8,000 units STUCY to search N 近 0 F10 F12 83

At a break-even point of 1,000 units sold, total variable expenses were $4,000 and total fixed expenses were $5,000. What will net income be if 1010 units are sold? Select one: $50. O $5.00 O not enough information is given to answer this question O $22.50 Last year, Perry Company reported net income of $10,000. Its variable expenses totalled $60,000 or $6 per unit. The unit contribution margin was $3.00 per unit. The break-even point in units for Perry Company is: Select one: not enough information is given to answer this question 3,333.33 units 8,000 units STUCY to search N 近 0 F10 F12 83

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following annual information is for Dexter Corporation: Product A Revenue per unit: $20.00 Variable cost per unit: $15.00 Total fixed costs: $100,000 How many units does the company have to sell to achieve an after tax income of $75,000 if the income tax rate is 25%?
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Canoncito Co. produced and sold 6,000 units for $12 per unit. The variable cost was $3 per unit, and the company had net income of $27,000 last year. What is the breakeven point in sales dollars? $54,000 $108,000 $72,000 $36,000 None of the above
Last month when Holiday Creations, Incorporated, sold 43,000 units, total sales were $172,000, total variable expenses were $137,600, and fixed expenses were $36,300. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 325 units and total sales by $1,300? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income %
Last month when Holiday Creations, Incorporated, sold 44,000 units, total sales were $176,000, total variable expenses were $147,840, and fixed expenses were $39,300. Required: 1. What is the company’s contribution margin (CM) ratio? 2. What is the estimated change in the company’s net operating income if it can increase sales volume by 375 units and total sales by $1,500? (Do not round intermediate calculations.)
Phan Company has not reported a profit in five years. This year the company would like to narrow its loss to $7,500. Assuming its selling price is $36.50 per unit and its variable costs per unit are $24, how many units must be sold to achieve its target given that total fixed costs are $60,000?
Last month when Holiday Creations, Incorporated, sold 35,000 units, total sales were $140,000, total variable expenses were $109,200, and fixed expenses were $38,600. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 300 units and total sales by $1,200? Note: Do not round intermediate calculations. Answer is complete but not entirely correct. 1. Contribution margin ratio 2. Estimated change in net operating income 22 % $ 347 X
Sphrantzes Company recently sold 175 units at a price of $650 per unit. During the same time the company reported total variable costs of $85,575 and net income of $13,975. If the company's price per unit were decreased by $35, its volume increased by 20 units and its fixed costs increased by $1,000, what would be the company's projected net income?
a company is planning to sell 45,800 units for $2.8 per unit and will break even at this level of sales expenses will be $41,220 what are the company's variable expenses per unit
Last year Minden Company introduced a new product and sold 25,700 units of it at a price of $100 per unit. The product's variable expenses are $70 per unit and its fixed expenses are $838,200 per year. Required: 1. What was this product's net operating income (loss) last year? 2. What is the product's break-even point in unit sales and dollar sales? 3. Assume the company has conducted a marketing study that estimates it can increase annual sales of this product by 5,000 units for each $2 reduction in its selling price. If the company will only consider price reductions in increments of $2 (e.g., $68, $66, etc.), what is the maximum annual profit that it can earn on this product? What sales volume and selling price per unit generate the maximum profit? 4. What would be the break-even point in unit sales and in dollar sales using the selling price that you determined in requirement 3? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What…
2. An audio equipment manufacturer produced and sold 725 sound systems and made a net income of $50, 000 last year, with a total revenue of $1, 015, 000. The manufacturer's break-even volume is 600 units. a. Calculate the selling price of each sound system. b. Calculate the variable costs for each sound system. c. Calculate the fixed costs per year.