Calculate the sales revenue Consider the following information available for BariumCompany:Total fixed costs$1,440,000Contribution margin ratio 0.30Based on the given information, calculate the sales revenueneeded to achieve a target profit of $360,000.a. $6,250,000b. $6,000,000c. $5,000,000d. $5,750,000

Step 1: Definition of Target Profit and Sales RevenueTarget profit is the expected profit a business…

Answered: Consider the following information…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 17E

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Consider the following information available for Barium Company: Total fixed costs $1,440,000 Contribution margin ratio 0.30 Based on the given information, calculate the sales revenue needed to achieve a target profit of $360,000. a.$6,250,000 b.$5,750,000 c.$5,000,000 d.$6,000,000
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1. Calculate the contribution margin rate, the sales dollar breakeven point, and the unit sales breakeven point. 2. Use the following information to perform your calculations. a. Net Sales: $50,000.00 b. Contribution Margin: $20,000.00 c. Total Fixed Costs: $15,500.00 d. Unit Sales Price: $25.00 3. Provide the formula and write out the equation that you use for each calculation. a. Contribution Margin Rate: b. Sales Dollar Breakeven Point: C. Unit Sales Breakeven Point:
Compute the missing amounts for the following table: Compute the missing amounts. ( Enter the contribution margin ratio to the nearest percent, X%)
CVP computations. Fill in the blanks for each of the following independent cases.
How do you solve for contribution margin? For general accounting question
Use the following data to compute the selling price on these financial accounting
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If the contribution margin ratio is 55%, target operating income is $30,000, and the sales revenue needed to achieve the target operating income is $100,000, what are total fixed expenses? O A. $55,000 О В. $25,000 о с. $85,000 O D. $16,500
Given the following information, find dollar sales: a. Fixed costs, $60,000; profit, $18,000; sales price per unit, $8.00; variable cost per unit, $5.00 b. Variable rate, .45; profit, $21,578.10; fixed costs, $58,382 c. Sales price per unit, $16.60; profit, $21,220; contribution margin, $9.29; fixed costs, $126,000

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Consider the following information available for Barium Company: Total fixed costs $1,440,000 Contribution margin ratio 0.30 Based on the given information, calculate the sales revenue needed to achieve a target profit of $360,000. a. $6,250,000 b. $6,000,000 c. $5,000,000 d. $5,750,000