Need help with this accounting question please answer the question Aspen Enterprises manufactures and sells a singleproduct. The company's total sales are $200,000, andthe selling price per unit is $40. The company has totalfixed expenses of $18,000, and the total operatingincome is $22,000.How many units were sold?

Step 1: Define Units SoldUnits Sold refers to the total number of individual products or items that…

Answered: Aspen Enterprises manufactures and…

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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Deluxe Homes is a residential Home Builder. Based on their current production of 300 homes per year, they currently make a profit of $20,000 per unit, based on the following costs per unit: Direct labor $ 20,000 Direct materials 200,000 Variable overhead 30,000 Fixed overhead 40,000 Variable selling costs 10,000 Fixed selling costs 10,000 Total costs per unit $310,000 Required Each of these are separate situations: A. Prepare an income statement based on the information provided. B. What is the profit and cost per unit if production is increased to 400 homes per year, and there is an increase of $1.50 million in total fixed overhead costs?
Lin Corporation has a single product whose selling price is $120 and whose variable expense is $80 perunit. The company’s monthly fixed expense is $50,000.Required:1. Using the equation method, solve for the unit sales that are required to earn a target profit of$10,000.2. Using the formula method, solve for the unit sales that are required to earn a target profit of$15,000.
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Lin Corporation has a single product whose selling price is $134 per unit and whose variable expense is $67 per unit. The company’s monthly fixed expense is $32,100. Required: 1. Calculate the unit sales needed to attain a target profit of $4,750. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,000. (Round your intermediate calculations to the nearest whole number.)
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Aspen Enterprises manufactures and sells a single product. The company's total sales are $200,000, and the selling price per unit is $40. The company has total fixed expenses of $18,000, and the total operating income is $22,000. How many units were sold?