Carla Vista Footwear Co. produces high-quality shoes. To prepare for next year's marketing campaign, the company's controller has prepared the following information for the current year, 2022: Variable costs (per pair of shoes) Direct materials Direct manufacturing labour Variable overhead (manufacturing, marketing, distribution, customer service, and administration) Total variable costs Fixed costs Manufacturing Marketing, distribution, and customer service Administrative Total fixed costs Selling price per pair of shoes Expected revenues, 2022 (51,800 units) Income tax rate $39 $183 $9,479,400 21 40% 23 $2,795,000 510,000 725,000 $83 $4,030,000
Carla Vista Footwear Co. produces high-quality shoes. To prepare for next year's marketing campaign, the company's controller has prepared the following information for the current year, 2022: Variable costs (per pair of shoes) Direct materials Direct manufacturing labour Variable overhead (manufacturing, marketing, distribution, customer service, and administration) Total variable costs Fixed costs Manufacturing Marketing, distribution, and customer service Administrative Total fixed costs Selling price per pair of shoes Expected revenues, 2022 (51,800 units) Income tax rate $39 $183 $9,479,400 21 40% 23 $2,795,000 510,000 725,000 $83 $4,030,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Carla Vista Footwear Co. produces high-quality shoes. To prepare for next year's marketing campaign, the company's
controller has prepared the following information for the current year, 2022:
Variable costs (per pair of shoes)
Direct materials
Direct manufacturing labour
Variable overhead (manufacturing, marketing, distribution, customer
service, and administration)
Total variable costs
Fixed costs
Manufacturing
Marketing, distribution, and customer service
Administrative
Total fixed costs
Selling price per pair of shoes
Expected revenues, 2022 (51,800 units)
Income tax rate
(a)
Calculate the projected operating income before tax for 2022.
Operating income before tax $
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$183
$9,479,400
$39
21
40%
23
$2,795,000
510,000
725,000
$4,030,000
$83
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