Provide correct solution 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: Define Target ProfitTarget profit is the organization's anticipated profit that can be…

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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Total Sales are 500,000 OMR, Total Variable cost is 150000 OMR. Fixed cost is 200000 OMR Calculate Total profit Select one: O a. 265000 OMR O b. 180000 OMR O c. 150000 OMR O d. 500000 OMR
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Consider the following: Fixed expenses P78,000; Unit contribution margin 12;Target net profit 42,000. How many unit sales are required to earn the target net profit? A. 15,000 unitsB. 10,000 unitsC. 12,800 unitsD. 20,000 units
How much sales are required to earn a target net income of OMR 200,000 if total fixed costs are OMR 250,000 and the contribution margin ratio is 40%? Select one: a. OMR 1,125,000 b. OMR 500,000 c. None of the answers are correct O d. OMR 1,012,500 O e. OMR 625,000
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:
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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