Current Attempt in ProgressMoss, Inc. has total fixed costs of $56,000 and acontribution margin ratio of 40%. Moss wants to generatenet income totaling $35,000. How much will sales revenuebe at Moss target net income?O $57,400.O $140,000.O $227,500.O $127,400.

Compute target fixed cost as shown below:

Answered: Current Attempt in Progress Moss, Inc.…

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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2.
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 20% in the next period, how much would the new profit be ( $)? a. 336,000 b. 272,000 c. 400,000 d. 304,000 e. None of the given answers
The contribution margin ratio is 60%. If total fixed costs are $22,0000, then what is the total cost ($) of producing and selling 60,500 units? The selling price is $4 per unit. O a. 123,200 O b. 145,200 O c. 96,800 O d. None of the given answers O e. 220,00O US PAGE NEXT PAGE 14:09 O a d0 ENG 15-04-2021 re to search W to i prt sc delete home end 96 & + backspace num 3 8 9 lock V. E R T U 8 A home D F J K L enter L. pause B N M ↑ shift 1 1 end alt ctrl
What is the answer for number 39?
Data concerning Wislocki Corporation's single product appear below: Selling price Variable expenses Contribution margin Per Unit Percent of Sales $ 150 36 100% 24% $ 114 76% Fixed expenses are $1,042,000 per month. The company is currently selling 9,700 units per month. Required: The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed a commission of $12 per unit. In exchange, the sales staff would accept an overall decrease in their salaries of $104,000 per month. The marketing manager predicts that introducing this sales incentive would increase monthly sales by 330 units. What should be the overall effect on the company's monthly net operating income of this change? Change in net operating income
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Contribution Margin Ratio a. Matzinger Company budgets sales of $1,150,000, fixed costs of $155,300, and variable costs of $690,000. What is the contribution margin ratio for Matzinger Company? % b. If the contribution margin ratio for Raynor Company is 39%, sales were $639,000, and fixed costs are $194,380, what is the operating income? Check My Work Previous Next
Cost planning for product life cycle Jin Corporation's plans to have an net income equal to 10% its sales. The corp. estimated that the maximum selling price the market will bear is ₱120 per unit. Kapoy expects to sell 100,000 units, incurs fixed costs of ₱1,500,000. Effective income tax rate is 40% What is the contribution margin and the target variable cost per unit?
Problem: The Company has Sales of P88,000, a Contribution Margin Ratio of 25%, and Margin of Safety of P18,000. Required: 1. How much is Sales at Break -even Point?
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Current Attempt in Progress Moss, Inc. has total fixed costs of $56,000 and a contribution margin ratio of 40%. Moss wants to generate net income totaling $35,000. How much will sales revenue be at Moss target net income? O $57,400. O $140,000. O $227,500. O $127,400.