Bill Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs of $15,000. How much must it charge per unit if 4,000 units are sold? a. $85 b. $105 c. $100 d. $90
Q: I need help with this problem and general accounting question
A: Step 1: Definition of Variable Cost per UnitVariable cost per unit refers to the cost incurred for…
Q: Kindly help me with this General accounting questions not use chart gpt please fast given solution
A: Step 1: Define Percent Change FormulaThe percent change is a way to measure the relative change in…
Q: I want the correct answer with accounting question
A: Step 1: Definition of Interest ExpenseInterest expense is the cost a company incurs for borrowing…
Q: Can you help me solve this general accounting problem using the correct accounting process?
A: Step 1: Define Plantwide Overhead RatePlantwide Overhead Rate is the rate used to allocate all…
Q: I want to this question answer for General accounting question not need ai solution
A: Step 1: Define Net SalesNet Sales is the total sales revenue after deducting sales returns,…
Q: Can you solve this financial accounting problem with appropriate steps and explanations?
A: Step 1: Definition of Gross ProfitGross profit is the difference between net sales (total sales…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is a rate used to…
Q: Help
A: Step 1: Definition of AmortizationAmortization is the process of gradually expensing the cost of an…
Q: Please help me solve this general accounting question using the right accounting principles.
A: To calculate the number of units completed during the period, we need to account for the units…
Q: I need help solving this general accounting question with the proper methodology.
A: Step 1: Define Inventory Turnover RatioThe Inventory Turnover Ratio is a financial metric that…
Q: Not use ai solution please and accounting question
A: Step 1: Definition of GoodwillGoodwill is an intangible asset that arises when one company acquires…
Q: A firm has an asset with a market value of $10,000 and a book value of $4,000. If its marginal tax…
A: GIVEN FINANCIAL DATA Market Value (Selling Price) = $10,000Book Value = $4,000Marginal Tax Rate =…
Q: I need help solving this financial accounting question with the proper methodology.
A: Step 1: Definition of Debt-to-Equity RatioThe debt-to-equity ratio is a financial leverage ratio…
Q: At the end of the year, the company has Assets of $320,000 and Liabilities of $185,000. At the…
A: Explanation of Owners' Equity:Owners' Equity represents the residual interest in the assets of a…
Q: Financial accounting question
A: Let's break it down:Original cost of the truck = $50,000Accumulated depreciation = $30,000Book value…
Q: Clemens Manufacturing applies manufacturing overhead based on machine hours. The overhead includes…
A: Provided Data:Variable overhead rate = $6.85 per machine hourFixed overhead = $195,000 per…
Q: Beginning Cash Balance Add ▼ Collections from Customers Collections from Customers Sale of…
A: ABC1 JanuaryFebruary2Beginning cash balance$45,900$28,050 (January ending balance)3Add: Receipts…
Q: Bill Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs…
A: We can solve this using the break-even/profit formula: Required Sales=Selling Price per…
Q: Provide Accurate Answer
A: 1. Total production capacity in 2022 = 12,000,000 pounds2. Actual production in 2022 = 10,500,000…
Q: Please provide the correct answer to this financial accounting problem using accurate calculations.
A: Step 1: Definition of Taxes OwedThe taxes owed by a company are determined by the company's taxable…
Q: Net sales for the year were $2,790,000 and cost of goods sold was $2,050,000 for the company's…
A: Provided Data:Net Sales = $2,790,000Cost of Goods Sold (COGS) = $2,050,000Expected selling price of…
Q: I am searching for the accurate solution to this financial accounting problem with the right…
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) refers to the direct costs…
Q: The actual cost of direct labor per hour is $29.75 and the standard cost of direct labor per hour is…
A: Explanation of Direct Labor Rate Variance:Direct Labor Rate Variance measures the difference between…
Q: I need help solving this general accounting question with the proper methodology.
A: Step 1: Define Net PayNet Pay refers to the amount of money an employee takes home after all…
Q: Please explain the solution to this general accounting problem with accurate principles.
A: Step 1: Define Net IncomeNet income represents the total earnings or profit of a company after…
Q: Number of units it would need to manufacture during June
A: Explanation of Required Production:Required Production refers to the number of units a company must…
Q: Provide correct solution and accounting question
A: Step 1: Definition of Cost per Equivalent UnitCost per equivalent unit is a method used in process…
Q: Marino Snacks Co. had its highest total cost of $84,000 in July and its lowest total cost of $60,000…
A: Definition of Variable Cost per Unit:Variable cost refers to the portion of total cost that changes…
Q: General accounting question and correct solution
A: Step 1: Definition of Price-Earnings (P/E) RatioThe Price-Earnings (P/E) ratio is a financial metric…
Q: Assume and give answer.
A: Given:Current Ratio = 2.8Acid-Test Ratio = 1.2Working Capital = $420,000Current Assets (CA) = Cash +…
Q: Solve this without ai pl
A: Step 1: Definition of Overhead ApplicationOverhead application refers to the process of allocating…
Q: Subject = General Account
A: Step 1: Definition of Required Units to Reach Target IncomeThe number of required units to reach a…
Q: On January 1, Flint Corporation had 62,900 shares of no-par common stock issued and outstanding. The…
A: June 15: Declaration of Cash DividendTo calculate the total dividend, we need to know the number of…
Q: Hello tutor please given General accounting question answer do fast and properly explain all answer
A: Step 1: Define Earnings Per Share (EPS)Earnings Per Share (EPS) is a financial metric that…
Q: I am searching for the correct answer to this general accounting problem with proper accounting…
A: Step 1: Definition of After-Tax WACCThe Weighted Average Cost of Capital (WACC) is the average rate…
Q: Parkview Industries collected $275,000 from customers in 2018. Of the amount collected, $135,000 was…
A: Explanation of Cash-Basis Accounting: Cash-basis accounting is a method where revenue is recorded…
Q: Please explain the solution to this general accounting problem with accurate principles.
A: Step 1: Define Raw Materials Purchases BudgetThe Raw Materials Purchases Budget estimates the amount…
Q: I need help with this general accounting problem using proper accounting guidelines.
A: Step 1: Definition of Total Overhead VarianceTotal overhead variance is the difference between the…
Q: The cost of common equity for the firm is
A: The problem provides the following information for Oasis Corporation's new common stock issue:The…
Q: I need assistance with this general accounting question using appropriate principles.
A: Step 1: Definition of Interest ExpenseInterest expense for the year is calculated as the principal…
Q: Can you help me solve this general accounting problem using the correct accounting process?
A: SolutionSunset Apparel manufactures premium jackets and began operations this year. The relevant…
Q: Financial accounting
A: Step 1: Definition of the Lower-of-Cost-or-Market RuleThe lower-of-cost-or-market (LCM) rule is an…
Q: Kindly help me with this General accounting questions not use chart gpt please fast given solution
A: Step 1: Define Earnings Per Share (EPS)Earnings Per Share (EPS) is a financial metric that…
Q: Accounting Question
A:
Q: Solve this accounting question with proper step.
A: Sales: $216,000Units Sold: 18,000Selling Price per Unit: $216,000 / 18,000 = $12Direct Materials and…
Q: Solve this Accounting problem
A: Explanation of Shareholders' Equity: Shareholders' equity represents the residual interest in a…
Q: The standard cost of Vibrant Sneakers includes 2.5 units of direct materials at $11.50 per unit.…
A: Explanation of Materials Price Variance:Materials Price Variance measures the difference between the…
Q: Hi expert please given correct answer with general accounting question
A: Step 1: Definition of Double-Declining Balance Method of DepreciationThe double-declining balance…
Q: Honda Corporation had beginning raw materials inventory of $34,500. During the period, the company…
A: Definition of Raw Materials Inventory:Raw materials inventory represents the cost of materials a…
Q: Can you solve this general accounting question with accurate accounting calculations?
A: Canyon Creek Services paid $9,000 for 6 months of rent on July 1. That means the rent covers:July 1…
Bill Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs of $15,000. How much must it charge per unit if 4,000 units are sold? a. $85 b. $105 c. $100 d. $90

Step by step
Solved in 2 steps

- Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are $15,250. Delta Co.s tax rate is 36% and the company wants to earn $44,000 after taxes. What would be Deltas desired pre-tax income? What would be break-even point in units to reach the income goal of $44,000 after taxes? What would be break-even point in sales dollars to reach the income goal of $44000 after taxes? Create a contribution margin income statement to show that the break-even point calculated in B, generates the desired after-tax income.If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. Suppose that 30,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the break-even point in dollars. Suppose that revenues are 200,000 greater than expected. What would the total profit be? 3. Compute the margin of safety in sales revenue. 4. Compute the operating leverage. Compute the new profit level if sales are 20 percent higher than expected. 5. How many units must be sold to earn a profit equal to 10 percent of sales? 6. Assume the income tax rate is 40 percent. How many units must be sold to earn an after-tax profit of 180,000?
- Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs of $15,000. How much must it charge per unit if 4,000 units are sold? a. $85 b. $105 c. $100 d. $90Bill Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs of $15,000. How much must it charge per unit if 4,000 units are sold? a. $85 b. $105 c. $100 d. $90 MCQDaisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs of $15,000. How much must it charge per unit if 4,000 units are sold? a. $85 b. $105 c. $100 d. $90Need answer

