Homework Help is Here – Start Your Trial Now!
Business
Accounting
Howe Hinges Co. manufactures and sells a single product. This product has the following operational data: Unit sales price $30 Variable manufacturing cost per unit $17 Fixed manufacturing cost $72,000 Variable selling cost per unit $1 Fixed selling cost $27,000 40% Tax rate What amount of total revenue would be needed to meet an after-tax target profit of $48,000?

Howe Hinges Co. manufactures and sells a single product. This product has the following operational data: Unit sales price $30 Variable manufacturing cost per unit $17 Fixed manufacturing cost $72,000 Variable selling cost per unit $1 Fixed selling cost $27,000 40% Tax rate What amount of total revenue would be needed to meet an after-tax target profit of $48,000?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter14: Capital Structure Management In Practice
Section14.A: Breakeven Analysis
Problem 7P
See similar textbooks
icon
Related questions
Question

General Accounting Question

Howe Hinges Co. manufactures and sells a single product. This product has the following operational data: Unit sales price $30 Variable manufacturing cost per unit $17 Fixed manufacturing cost $72,000 Variable selling cost per unit $1 Fixed selling cost $27,000 40% Tax rate What amount of total revenue would be needed to meet an after-tax target profit of $48,000?
Transcribed Image Text:Howe Hinges Co. manufactures and sells a single product. This product has the following operational data: Unit sales price $30 Variable manufacturing cost per unit $17 Fixed manufacturing cost $72,000 Variable selling cost per unit $1 Fixed selling cost $27,000 40% Tax rate What amount of total revenue would be needed to meet an after-tax target profit of $48,000?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS