Answered: Daisy Inc., wants to make a profit of…

Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs of $15,000. How much must it charge per unit if 4,000 units are sold? Answer this Question

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 7EB: Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are...

See similar textbooks

Related questions

Q: markup on selling price (GPM)?

A: To convert the gross profit margin (GPM) based on the selling price into a markup on cost, we use…

Q: Financial Accounting Question

A: Step 1: Define Dividend YieldDividend Yield is the percentage return an investor earns from…

Q: Please need help with this general accounting question not use ai

A: Step 1: Predetermined overhead rate Predetermined overhead rate = Budgeted manufacturing overhead…

Q: Financial Accounting Question please answer

A: Step 1: Define Maturity ValueThe Maturity Value of a note is the total amount that must be paid at…

Q: Do fast answer of this accounting questions

A: Step 1: Identify Given DataTotal bottles started: 25,000 Ending work-in-process (WIP): 6,000…

Q: Compute asset turnover ratio

A: Step 1: Definition of Asset Turnover RatioThe Asset Turnover Ratio is a financial metric that…

Q: Solve this financial accounting problem

A: Explanation of Net Income: Net income represents the company's total profits after deducting all…

Q: pls Not use ai solve of this question general Accounting question

A: Step 1: Define Weighted Average Cost of Capital (WACC)The Weighted Average Cost of Capital (WACC) is…

Q: Quick answer of this accounting questions

A: Step 1: Definition of Overapplied OverheadOverapplied overhead occurs when the amount of…

Q: 14. Cain Company is a sporting goods store. The company sells a tent that sleeps six people. The…

A: To determine how many tents Cain Company needs to purchase in 2024, we will follow a structured…

Q: Given below for smith Enterprises

A: Concept of Gross ProfitGross Profit is the amount a company earns from sales after subtracting the…

Q: The total gross margin for the month?

A: Explanation of Absorption Costing: Absorption costing is a method of product costing that includes…

Q: Please provide solution this financial accounting question not use ai

A: Step 1: Definition of Dividend YieldDividend yield is the percentage of a company's stock price that…

Q: If the liabilities of a business increased RM60,000 during a period of time and the owner's equity…

A: Concept of Accounting EquationThe accounting equation is the foundation of financial accounting and…

Q: Which principle dictates that a business should report revenue when it is earned and expenses when…

A: Explanation of Accrual Principle: The accrual principle is a fundamental accounting concept that…

Q: correct answer please

A: Step 1: Definition of Gross ProfitGross profit is the amount a company earns from sales after…

Q: The amortization expense (to the nearest dollar) properly recognized for 20X1 is:

A: Step 1: Definition of Intangible Asset AmortizationAmortization is the process of gradually writing…

Q: No AI ANSWER

A: Concept of Current LiabilitiesCurrent Liabilities are financial obligations that a company must…

Q: What is its return on assets of this financial accounting question?

A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) measures a company's ability to generate…

Q: Get correct answer general accounting question

A: To determine the finance charge on Michael's loan, we first need to calculate the total amount he…

Q: Do fast answer of this accounting questions

A: Step 1: Definition of Total Job CostTotal job cost in job-order costing includes direct materials,…

Q: Hello tutor please help me this question solution

A: Step 1: Definition of Key TermsContribution Margin (CM):Contribution margin represents the amount of…

Q: (ROA).

A: Average total assets = (Beginning total assets + Ending total assets)/2Average total assets =…

Q: hi expert please help me

A: In order to answer this, we must determine the "days sales outstanding" (DSO), or the average number…

Q: A company owns a machine with a $10,000 carrying value, $5,000 estimated salvage value, and $90,000…

A: Machine loss:Prior to the damage, the machine had a $10,000 carrying value.It was determined to be…

Q: General accounting question

A: Step 1: Definition of Cash Flow Cycle (Cash Conversion Cycle)The Cash Conversion Cycle (CCC)…

Q: Please given step by step answer general Accounting question

A: Step 1: Define External FinancingExternal financing refers to the process of raising capital from…

Q: Don't Use Ai

A: Step 1: Given Value for Calculation Net Income = $3450Retention Ratio = 50%Selling Price of Common…

Q: Please give me true answer this financial accounting question

A: Step 1: Definition of Dividend YieldDividend yield is the percentage return that an investor earns…

Q: Kindly help me with accounting questions

A: Step 1: Definition of Gross MarginGross margin is the difference between net sales and the cost of…

Q: Tikhonova Solutions acquired computer equipment at the beginning of the year at a cost of $72,500.…

A: Concept of Equipment Cost: Equipment cost refers to the initial purchase price paid to acquire the…

Q: Get correct answer this financial accounting question please answer

A: Step 1: Definition of Total Asset Turnover RatioThe Total Asset Turnover Ratio is a financial metric…

Q: hi expert please help me

A: Step 1: Definition of Cost of Goods ManufacturedCost of Goods Manufactured (COGM) is the total cost…

Q: KIARA LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: ASSETS Property, plant and…

Q: Meric Mining Inc. recently reported $16,300 of sales, $7,900 in operating costs other than…

A: Net Income is the amount of profit a company retains after deducting all expenses, including…

Q: Solve this Accounting problem

A: Explanation of Net Working Capital:Net Working Capital (NWC) represents the difference between…

Q: How much raw materials

A: Step 1: Definition of Raw Material UsedRaw Material Used refers to the total amount of raw materials…

Q: beginning capital balance?

A: Step 1: Definition of Total EquityThe total equity is the net amount of assets after deducting…

Q: Need correct answer general Accounting question

A: Step 1: Define Deductible Organizational ExpendituresOrganizational expenditures are costs incurred…

Q: Provide correct answer general accounting question

A: Given:Current Assets (Book & Market Value): $35 millionFixed Assets (Book Value): $85…

Q: Need help with this question solution general accounting

A: Step 1: Calculation of average total assetsStep 2: Calculation of asset turnover ratio

Q: Net sales total $525,000. Beginning and ending accounts receivable are $42,000 and $46,000,…

A: Concept of Net Sales: Net sales represent the total revenue generated from the sale of goods or…

Q: Please answer and explanation general Accounting question

A: Step 1: Define Pension Expense ComponentsPension expense represents the cost incurred by a company…

Q: Dana intends to invest $32,000 in either a Treasury bond or a corporate bond. The Treasury bond…

A: solve this step by step.For part a-2 (Corporate bond with 24% tax rate)Initial investment…

Q: What is the interest charged by the bank on these financial accounting question?

A: Step 1: Define Interest on a Noninterest-Bearing NoteA noninterest-bearing note is a note payable…

Q: Given step by step explanation general Accounting question

A: Step 1: Define Installment Note PaymentAn installment note payable requires periodic payments, which…

Q: General Accounting

A: Step 1: Define Equivalent Units of Production (EUP) for Direct MaterialsEquivalent Units of…

Q: Ans ? General Accounting question

A: Step 1: Define Comprehensive IncomeComprehensive income includes both net income and other…

Q: Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs…

A: Approach to solving the question:freeform Detailed explanation: To determine the price per unit that…

Q: Financial Accounting 5.8: Firm X and Firm Y have debt-total asset ratios of 40% and 30% and returns…

A: We have two firms, Firm X and Firm Y, and the following financial information:Firm X:Debt-to-Total…

Question

Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs of $15,000. How much must it charge per unit if 4,000 units are sold? Answer this Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

?
What amount sales is necessary to earn desired profit?
Dove, Inc. produces a product that has a variable cost of $6.00 per unit. The company's fixed costs are $60,000. The product is sold for $9.00 per unit and the company desires to earn a target profit of $30,000. What is the amount of sales that will be necessary to earn the desired profit?need answer this question
Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs of $15,000. How much must it charge per unit if 4,000 units are sold? a. $85 b. $105 c. $100 d. $90
Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs of $15,000. How much must it charge per unit if 4,000 units are sold? a. $85 b. $105 c. $100 d. $90Need answer
Can you please solve this questions
The company have to cut costs per unit if any?
Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs of $15,000. How much must it charge per unit if 4,000 units are sold? a. $85 b. $105 c. $100 d. $90 correct answer
How much will company have to cut cost per unit?
The smith company management would like to know the total sales units that are required for the company to earn a profit of $ 150000. The following data are available. The unit selling price of $50, variable cost per unit $25. Total fixed cost of $ 500000. Find Profit in order for the Manufacturer to break even. How many units must be sold in order for the Manufacturer to break even?
Bloom Enterprises has fixed costs of $825,400. The selling price per unit is $210, and the variable cost per unit is $120. How many units must the company sell in order to earn a profit of $190,000?help
Clockmaker Ltd. makes a product called wallet. Managers from Clockmaker Ltd. want to achieve a profit of £82, 800. The wallet price equals £82 per unit. Each unit of wallet has a cost of £36 and annual total fixed costs equal £147, 200. Considering this information, which of the following statements is true? O a. To achieve the desired profit, Clockmaker Ltd. needs to sell 5, 000 units of wallet. O b. Clockmaker Ltd. would need to sell more than 3, 200 units of wallet to have positive profits. O c. Contribution per unit equals £46. O d. All the answers are true.