General Accounting Question Howe Hinges Co. manufactures and sells a singleproduct. This product has the following operationaldata:Unit sales price$30Variable manufacturing cost per unit $17Fixed manufacturing cost$72,000Variable selling cost per unit$1Fixed selling cost$27,00040%Tax rateWhat amount of total revenue would be needed to meetan after-tax target profit of $48,000?

Step 1: Calculate the pre-tax profit requiredStep 2: Calculate the contribution margin per unitStep…

Answered: Howe Hinges Co. manufactures and sells…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 7P

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Zachia Ltd provides the following data regarding its four product lines: Product Sales mix Weighted average contribution margin per unit (WACMU) Fixed costs Desired profit after tax w Y 60 20 15 $13.7 $71,000 $33,950 The corporate tax rate is 30% Required Calculate the number of units of Product X that must be sold in order to achieve the desired after-tax profit?
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The following information is for Nichols Company: Selling price $120 per unit Variable costs $50 per unit Total fixed costs $315,000 If the tax rate is 30% how many units need to be sold to achieve a net income of $37800? ( the 37800 is desired after tax amount)
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