Crane Corporation sells a single product for $40. Its management estimates the following revenues and costs for the year 2022:Net salesDirect materialsDirect labourManufacturing overhead-variableManufacturing overhead-fixed(a)Monthly break-even in unitsMonthly break-even in dollarsAssuming fixed costs and net sales are spread evenly throughout the year, determine Crane's monthly break-even point in unitsand dollars. (Round answers to O decimal places, e.g. 5,275.)eTextbook and MediaSave for Later$410,00073,80049,200Administrative expenses-variable16,400 Administrative expenses-fixed24,600$Selling expenses-variableSelling expenses-fixed$16,40016,4008,2008,200unitsAttempts: 0 of 3 used Submit Answer(b)The parts of this question must be completed in order. This part will be available when you complete the part above.

Break even point is the point of sale where there is no profit no loss situation. Means at this…

Answered: Crane Corporation sells a single…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following annual information is for Dexter Corporation: Product A Revenue per unit: $20.00 Variable cost per unit: $15.00 Total fixed costs: $100,000 How many units does the company have to sell to achieve an after tax income of $75,000 if the income tax rate is 25%?
A U Ltd manufactures and sells a single product, the company's sales and expenses for themonth of January 2021 were as follows:Total (Kshs)Value per unit (Kshs)Sales1.200.0080.00Less: Variable expenses840.0056.00Contribution360.0024.00Less: Fixed expenses300.00Net income60.00Required:What is the monthly breakeven point in units and in shillings?What is the total contribution margin at breakeven point?How many units would be sold each month to carn a minimum target net income ofkshs. 36.000?(iv)Using the original data, compute a company's margin of safety in both shilling and in percentage termsWhat is the contribution margin ratio, if the monthly sales increase by Kshs 16,000?
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Subject: accounting
Subject: accounting
For the past year, Cline Company had fixed costs of $6,552,000, a unit variable cost of $444, and a unit selling price of $600. For the coming year, no changes are expected in revenues and costs except that a new wage contract will increase variable costs by $6 per unit. a. Determine the break-even sales (in units) for the past year.fill in the blank 1 units b. Determine the break-even sales (in units) for the coming year.fill in the blank 2 units
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