Re Time left 0:40:15 Chambers Company sells glass vases at a wholesale price of $250 per unit. Variable cost is $175 per unit. Chambers' fixed costs are $650,000 per month. Chambers is currently selling 15,000 units per month. If Chambers wants to increase operating income by 20%, how many more units, over and above the current volume, must they sell? (Please round to nearest whole number.) Select one: OA 1,333 O B. 1,267 O C. 5.666 Next page Init Finht Goale and 近 acer F10 F11 F12 PrtSc Pause Scr Lk SysRq Break

Re Time left 0:40:15 Chambers Company sells glass vases at a wholesale price of $250 per unit. Variable cost is $175 per unit. Chambers' fixed costs are $650,000 per month. Chambers is currently selling 15,000 units per month. If Chambers wants to increase operating income by 20%, how many more units, over and above the current volume, must they sell? (Please round to nearest whole number.) Select one: OA 1,333 O B. 1,267 O C. 5.666 Next page Init Finht Goale and 近 acer F10 F11 F12 PrtSc Pause Scr Lk SysRq Break

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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N1. Account Mitchell Corporation manufactures a single product. The selling price is $85 per unit, and variable costs amount to $68 per unit. The fixed costs are $16,500 per month. How many units must be sold each month to earn a monthly operating income of $8,000? (Round your final answer up to the nearest whole number.) Multiple Choice 971 units 1,442 units 353 units 122,500 units
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Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs. Selling Priceper Case Variable Costper Case Fixed Costper Month Variety 1 $ 15 $ 12 – Variety 2 16 14 – Variety 3 21 14 – Entire firm – – $ 48,400 The sales mix (in cases) is 60 percent Variety 1, 25 percent Variety 2, and 15 percent Variety 3. Required: a. At what sales revenue per month does the company break even? b. Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $50,245 after taxes assuming the same sales mix?
Bob's company produces 3 products with the following information Product SmallMedium Large Selling price per unit$17$19$26variable cost per unit $8$10$12machine hours per unit (mh/unit)234 the bob company has a limit of 14,300 machine hour available per month and a monthly fixed cost of $50,000. the demand for each product is 2,500 units per month. the company's goal is to maximize its profitability. suppose the bob's company can rent a machine that will provide an additional 1,390 machine hours per month. what is the maximum monthly rent the bob's company should be willing to pay for this machine (assuming they have made optimal use of their own machine)
Q.3.1 Gill Enterprises produces a number of consumer items, including a stove. A key component of the stove is purchased from an outside supplier. In total, the company purchases 2 500 components each year. It costs approximately R12 to place an order and it costs R0.25 to carry one part in inventory for a year. The company is operational for 50 weeks in a year. Required: Q.3.1.2 It takes about four weeks to receive an order of parts from the supplier. The company normally uses 52 parts each week in production. However, usage can be as high as 70 parts per week. Calculate the safety stock. Calculate the reorder point with safety stock included.
Q.1. An item sells for $25 a unit, but a 10% discount is offered for lots of 150 units or more. A company uses this item at the rate of 20 units per day. The setup cost for ordering a lot is $50, and the holding cost per unit per day is $.30. The lead time is 12 days. The same item can also be produced in house with its setup cost being $30 and production cost per unit being $20. Should the company purchase the item or produce it in-house?
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Pioneer Limited purchases a product which has a steady monthly demand of 20 000 units. The product costs R100 per unit. The ordering cost is R5 per order. The holding cost is 10% of the unit purchase price. Which one of the following represents the annual economic order quantity (rounded off to the next whole number)? Select one: O A. 142 О В. 980 О С. 283 O D. 490
Stone Manufacturing sells a marble slab for $1.500 Fixed costs are 130,000, while the variable costs are $500 per wish. The company currently plans to sell 100 sise this month. What is the margin of safety assuming 75 slabs are actually sold? (Round a unit calculations up to the rarest whole nutter) A $30,000 B. $102,000 C. $64,500 D. $47,000 Only typing answer Please explain step by step