Don't use chatgpt,,,, I will 5 upvotes The contribution margin ratio of Donath Corporation's only product is 6 5 % . The company's monthly fixed expense is $ 5 7 3 , 3 0 0 and the company's monthly target profit is $ 9 , 1 0 0 . Required: Determine the dollar sales to attain the company's target profit. Show your work

Don't use chatgpt,,,, I will 5 upvotes The contribution margin ratio of Donath Corporation's only product is 6 5 % . The company's monthly fixed expense is $ 5 7 3 , 3 0 0 and the company's monthly target profit is $ 9 , 1 0 0 . Required: Determine the dollar sales to attain the company's target profit. Show your work

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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G http Chapter Review My... Sales price Contribution margin ratio Fixed costs Tra.. Vernon Company reported the following data regarding the product it sells: a. Break-even point in dollars a. Break-even point in units b. Sales in dollars b. Sales in units c. Break-even point in dollars c. Break-even point in units $60 Man... $ 10% $216,000 M Questio... Required Use the contribution margin ratio approach and consider each requirement separately. b Ans... 2,160,000 36,000 Bes... Saved a. What is the break-even point in dollars? In units? b. To obtain a profit of $54,000, what must the sales be in dollars? In units? c. If the sales price increases to $72 and variable costs do not change, what is the new break-even point in dollars? In units? US fron.
le Chrome tempt.php?attempt%3D1893307&cmid%3891193&page=10 SYSTEM (ACADEMIC) Time left Company XYZ is producing and selling 2,500. At this level, the selling price per unit is $10, the variable expenses per unit is $7, and fixed expenses are $1,500.How much is the profit? O a. $13,500 O b. $8,500 О с. $411,000 d. $6,000 O e. $16,000 AGE NEXT PA - a 40) ENG rch ort sc delete home 40 num % + backspace lock R enter esned
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The question 1 point possible Stancil Dry Cleaners has determined the following about its costs: Total variable expenses are $42,000, total fixed expenses are $30,000, and the sales revenue needed to break even is $50,000. Determine the company's current) revenue and 2) operating income. (Hint First, find the contribution margin ratio; then prepare the contribution margin income statement) Use the contribution margin income statement and the shortcut contribution margin approaches to determine Stancif's current (1) sales revenue and (2) operating income Begin by computing the contribution margin ratio. (inter the result as a whole number) The contribution margin ratio la Question Viewer Prepare the contribution margin income statement at the calculated sales level. Stancil Drycleaners Contribution Margin Income Statement Submit t
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Please slove a-1 and show your work how you get that number No hand wrting plz thanks WP5 Vice President for Sales and Marketing at Waterways Corporation is planning for production needs to meet sales demand in the coming year. He is also trying to determine how the company’s profits might be increased in the coming year. This problem asks you to use cost-volume-profit concepts to help Waterways understand contribution margins of some of its products and decide whether to mass-produce any of them. Instructions(a) Waterways markets a simple water control and timer that it mass-produces. Lastyear, the company sold 696,000 units at an average selling price of $4.20 per unit. The variable costs were $1,900,080, and the fixed costs were $683,256.(1) What is the product’s contribution margin ratio? (Round to nearest whole percentage)(2) What is the company’s break-even point in units and in dollars for this product? (3) What is the margin of safety, both in dollars and as a ratio? (Round…
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