Answer the following questions using the information below:Company A sells a single product. 1,500 units were sold resulting in $30,000 of sales revenue; $21,000 of variable costs, and $2,400 of fixed costs.If sales increase by $20,000, operating Income will increase BY:ⒸA$11,400OB. None of themOC. $6,000OD. $12,000

Income statement is one of the financial statements that shows profitability, total revenue and…

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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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! Required information [The following information applies to the questions displayed below] Jaffre Enterprises distributes a single product whose selling price is $13 per unit and whose variable expense is $8 per unit. The company's fixed expense is $14.500 per month. 2. Calculate the company's break-even point in unit sales. Unit sales to break even: units
provide the answer pls.
8
Subject: accounting
Adam, Inc., sells a single product. The company's most recent income statement is given below. Sales Less variable expenses Contribution margin Less fixed expenses $200,000 (120,000) 80,000 (50,000) 30.000 Net income Required: Contribution margin ratio is b. a. % Breakeven point in total sales dollars is To achieve $40,000 in net income, sales must total d. $ $ С. If sales increase by $50,000, net income will increase by |4
Tackett Company sells a single product for $75 each. the variable costs are $45 each. Total fixed costs are $225,600. How many units must the company sell to achieve operating income of $90,000? A. 7013 O B. 10520 O C.6230 O D. 4208
Company XYZ produces and sells 40,000 units.at this levelthe company is making a profit of $37,000 . Assuming total fixed expenses of $3,000 and variable expenses per unit of $2, how much was the selling price per unit ? a. 1 b. 4 c. 8 d. 3 e. 6
Radison Inc. sells a product for $91 per unit. The variable cost is $51 per unit, while fixed costs are $230,400. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $99 per unit. a. Break-even point in sales unitsfill in the blank 1 unitsb. Break-even point if the selling price were increased to $99 per unitfill in the blank 2 units
Assume the following data for Dodge Company for the coming year: Fixed expenses $280,000 Variable cost per unit Selling price per unit $7 $21 Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. For Unit calculations round your answers up to the nearest whole number. a) How many units must be sold to break even? Break even sales: units b) What would the net income be if 26,200 units were sold? Net income: $ c) How many units must be sold to make a net income of $33,000 assuming selling price per unit is increased by $1.00 Total units to be sold: units
Eastwick produces and sells three products. Last month's results are as follows: P1 P2 P3 Revenues $ 270,000 $ 370,000 $ 370,000 Variable costs 57,000 220,000 137,100 Fixed costs total $370,000. What sales volume would generate an operating profit of $235,000? (Assume the current product mix.)
A firm sell a single product for $6. Its variable cost per unit is $4 and fixed costs are $50. Ignoring income taxes, the amount of sales revenue needed for $20 profit is Select one: a. $210. b. $150. c. $35. d. $25.
Use the information below to answer the following question. K-CO Company Summary Income Statement Data For the year ended December 31, 2016 S Total S per unit Sales (4,000 units) S 800,000 200.00 100% Total Variable Costs 120.00 60% Contribution Margin Total Fixed Costs 200.000 Operating Income $ 120.000 Calculate K-Co's break-even point (BE) in sales dollars. Select one: O a. $333,333 O b. $800,000 O c. $500,000 O d. $120,000

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