Bonita Industries requires sales of $1500000 to cover its fixed costs of $800000 and to earn net income of $400000. Whatpercentage is its variable costs of sales?53%80%20%O 27%

Income statement is a financial statement that shows profitability, total revenue and total…

Answered: Bonita Industries requires sales of…

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

16..
Assuming that NUBD increased sales of Product X by 25 percent, what should the profit from Product X be?
Matamad Inc. Provides you with the following data on its operation for analysis:Unit selling priceP40Variable costs and expenses per unit.P30Fixed cost and expenses per annum.P48,000REQUIRED:a. Contribution margin per unitb. Contribution margin percentagec. BEP sales volume (units)d. BEP peso salese. Peso sales with desired income of P9,000f. Peso sales with desired income P13,000 after 32% income tax
The Xyden Company sells grips for P6 per unit. Variable costs are P2 per unit. Fixed costs are P37,500. How many grips must be sold to realize a profit before income taxes of 15% of sales? a. 9,375 units b. 9,740 units c. 11,029 units d. 12,097 units
A company's fixed operating costs are $740,000, its variable costs are $2.25 per unit, and the product's sales price is $4.65. What is the company's break-even point; that is, at what unit sales volume will its income equal its costs? Round your answer to the nearest whole number. units
Company XYZ is producing and selling 2,500 . At this level , the selling price per unit is $10, the variable expenses per unit is $3 and fixed expenses are \$1,5 . How much is the profit ? a. $ 6,000 b. $11,000 c. 8,500 d. 16,000 e.13,500
1. Bramble corp. plans to…
What is the breakeven points in units? UrTurn sells its products at P80 per unit with the unit variable cost of P55. Its fixed cost is P81,000. How many units must be sold to achieve the following (tax rate is at 40%)
Sheffield Corp. sells 200000 units for $14 a unit. Fixed costs are $350000 and net income is $250000. What should be reported as variable expenses in the CVP income statement? $2200000. $2550000. $600000. $2450000.
The selling price of a product is $75.00 per unit, the variable expense is $55.00 per unit, and the breakeven sales in dollars is $300,000, what are total fixed expenses? $80,000 $4,000 $300,000 $20
ACC301 XYZ Corporation sells its product for $17 per unit. Its variable cost is $10 per unit, and total fixed costs are $800. Assuming next period’s estimated sales are 300, calculate the following amounts: a. Degree of operating leverage b. Margin of safety in units c. Margin of safety in revenues
Company XYZ currently produces and sells 40,000 units. At this level, the total contribution margin is $320,000 while the total fixed costs $80,000. If sales are expected to increase by 40% in the next period, how much would the new profit be ($)? O a. 304,000 O b. 336,000 O c. 272,000O O d. 368,000 O e. None of the given answers 11:42 o search W D dx ENG 22-05-2021 hp Tort sc delete home end 96 5. + back space tock T 5 0 enter G K pause 51 ↑ shift 11 2 end alt ctri

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 requires sales of $1500000 to cover its fixed costs of $800000 and to earn net income of $400000. What percentage is its variable costs of sales? O 53% O 80% O 20% O 27%