In 2015, NovaCorp sold 4,500 units at 300 each. Variable costs were 220 per unit, and fixed costs were $150,000. What was NovaCorp's 2015 net income?
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In 2015, NovaCorp sold 4,500 units at 300 each. Variable costs were 220 per unit, and fixed costs were $150,000. What was NovaCorp's 2015 net income?
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- In 2012, Grant Co. sold 160,000 units of its product at a selling price of $40. The variable cost per unit was $30, and Grant reported net income for the year of $200,000. What was the amount of Grant's fixed costs for the year?Compute the number of units sold in 2016??The CVP income statement for Blossom Machine Company for 2021 appears below. BLOSSOMMACHINE COMPANY Income Statement For the Year Ended December 31, 2021 Sales (42,000 units) $1,050,000 Variable expenses Contribution margin Fixed expenses Net income (loss) 735,000 (a) 315,000 360,000 ($45,000) Answer the following independent questions. What was the company's break-even sales dollars in 2021? Break-even point in sales dollars $
- Compute the number of units sold in 2016?? General accountingPlease give me answerThe Sizemore Company recently sold 2,500 units for $100 each; reported total variable costs of $162,500 and a net income of $47,500. If the company's price per unit increased by $5 and its volume decreased by 250 units, what would be the company's net income?
- Tanek Corp.’s sales slumped badly in 2017. For the first time in its history, it operated at a loss. The company’s income statement showed the following results from selling 590,500 units of product: sales $2,952,500, total costs and expenses $3,050,875, and net loss $98,375. Costs and expenses consisted of the amounts shown below. Total Variable Fixed Cost of goods sold $2,507,615 $2,025,415 $482,200 Selling expenses 295,250 108,652 186,598 Administrative expenses 248,010 80,308 167,702 $3,050,875 $2,214,375 $836,500 Management is considering the following independent alternatives for 2018. 1. Increase unit selling price 25% with no change in costs, expenses, and sales volume. 2. Change the compensation of salespersons from fixed annual salaries totaling $177,150 to total salaries of $70,860 plus a 5% commission on sales. (a) Compute the break-even point in dollars for 2017. (Round final answer to 0 decimal places,…Last year, Jenson Enterprises earned an operating income of $27,800 with a contribution margin ratio of 0.30. Actual revenue was $250,000. Calculate the total fixed cost. Round your answer to the nearest dollar, if required.During 20Y5, Jackson Computer Supply produced income from operations of $95,000 from sales of 80,000 units at $2.50 each. The company's fixed costs totaled $22,000. If the company has a 4,000 increase in sales units in the upcoming year, what will income from operations be for 20Y6? Assume that fixed costs and the selling price and variable cost per unit will remain the same.
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