Bonita Industries produces small lightweight camping trailers with rear kitchen facilities. The company's fixed costs are $830000 peryear and its variable costs are 60% of the unit selling price of $16000. How many campers must the company sell to earn a net incomeof $194000?O 107O 160O 138O 130

The question is based on the concept of Cost Accounting. Target Sales is the sales Required to…

Answered: Bonita Industries produces small…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

For the life of me I cannot figure this one out
Bramble Corp. manufactures and sells solar chargers for $60 each. Variable costs are $30 per unit, and fixed costs total $120000. How hany solar chargers must Bramble sell to earn a net income of $300000? O 10000. O 14000. O 18000. O 16000.
XYZ manufactures a computer stand. It has fixed costs of $600,000 and each stand sells for $90, with a variable cost of $ 48 per unit. If manufactures sells 13,000 stands, what would be the profit? a. 54000 Loss b. C. 240000 profit d. 240,000 profit
Oriole Company produces small lightwight camping trailers with rear kitchen facilities. The company's fixed costs are $870000 per year and its variable costs are 60% of the unit selling price of $16000. How many compers must the company sell to earn a net income of $186000?
Bonita Industries sells MP3 players for $80 each. Variable costs are $50 per unit, and fixed costs total $120000. How many MP3 players must Bonita sell to earn net income of $300000? 4200. 4000. 14000. 6000.
30
Pepper Inc. produces lacrosse sticks. The selling price per stick is $42. Their variable cost per unit is $28, and the fixed cost per unit is $12 when 8,000 units are produced and sold. Approximately how much in sales dollars must the company have to breakeven? O $6,857 $201,600 O $288,000 $192,667 O $48,000
M and M, Inc. produces a product that has a variable cost of $2.20 per unit. The company's fixed costs are $42,000. The product is sold for $5 per unit and the company desires to earn a target profit of $11,200. What is the amount of sales that will be necessary to earn the desired profit? (Do not round intermediate calculations.) Multiple Choice $75,000 $128,200 $95,000 $254,000
M and M, Inc. produces a product that has a variable cost of $4.50 per unit. The company's fixed costs are $56,000. The product is sold for $8 per unit and the company desires to earn a target profit of $17,500. What is the amount of sales that will be necessary to earn the desired profit? (Do not round intermediate calculations.) Multiple Choice $408,000 $128,000 $201,500 $168,000 Zeus, Inc. produces a product that has a variable cost of $5 per unit. The company's fixed costs are $48,000. The product sells for $10 a unit and the company desires to earn a $24,000 profit. What is the volume of sales in units required to achieve the target profit? (Do not round intermediate calculations.) Multiple Choice 14,400 units 2,400 units 9,600 units 10,100 units
Wok of Fame, Inc., makes and sells woks at a price of $5.00 per unit. Variable cost is $3.00 per unit. The company's total fixed costs are $52,500. How much must total sales be if Wok of Fame wants to earn an operating income of $17,500? $100,000 $70,000 $175,000 $17,500 $26,250
4. Skate Along, Inc has fixed costs of $740,000. They sell each pair of roller skates for $80 a pair. Each pair of roller skates incurs $55 in variable costs. Calculate the following: How many pairs of skates needs to be sold to break-even? a. How many pairs of skates needs to be sold have $140,000 in operating income? If fixed costs increase by $7,500 how many more pairs need to be sold? b. с.
4. Skate Along, Inc has fixed costs of $740,000. They sell each pair of roller skates for $80 a pair. Each pair of roller skates incurs $55 in variable costs. Calculate the following: a. How many pairs of skates needs to be sold to break-even? b. How many pairs of skates needs to be sold have $140,000 in operating income? C. If fixed costs increase by $7,500 how many more pairs need to be sold?

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

Bonita Industries produces small lightweight camping trailers with rear kitchen facilities. The company's fixed costs are $830000 per year and its variable costs are 60% of the unit selling price of $16000. How many campers must the company sell to earn a net income of $194000? O 107 O 160 O138