Based on potential sales of 500 units per year, a new product has estimated traceable costs of $990,000. What is the target price to obtain a 15% profit margin on sales? a. $2,329 b. $2,277 c. $1,980 d. $1,935
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- Want solution to this financial accounting questionA company expects to sell 20,000 units of a product next year. Variable production cost is ₱15 and variable selling costs is 15% of the selling price. Fixed expenses are ₱250,000 per year. The firm set a target profit of ₱100,000 (ignoring tax). Based on the information, the unit selling price should be? a. ₱17.50 b. ₱17.65 c. ₱32.50 d. ₱38.24 e. ₱216.67Beckham Company has the following information available: Selling price per unit: Variable cost per unit: Fixed costs per year: £400,000 Expected sales per year: 20,000 units What is the expected operating income (i.e. profit) for a year? Select one: O A. £500,000 O B. O C. £700,000 £680,000 £100 £55 O D. £480,000
- The costs and revenue projections for a new product are estimated. What is the estimated profit at a production rate of 20% above breakeven? Fixed cost = $456,000 per year Production cost per unit = $156 Revenue per unit = $342 The estimated profit is determined to be $ per year.Jamie Quinn, a sole proprietor, has the following projected figures for next year: Selling price per unit $150.00 Contribution margin per unit $45.00 Total fixed costs $630,000 What is the break-even point in dollars? a.$2,100,000 b.$426,000 c.$189,000 d.$900,000A company sells its product at P18 per unit. Variable costs are P12 per unit and fixed costs are 150,000 per annum. The company wants to realize a profit of P60,000 during the year. What should be the sales revenue?